Auriant Mining AB (publ.) publishes fourth quarter 2021 interim report
The amounts in parentheses relate to the same period of the previous year.
- Gold production 910.8 kg / 29,283 oz (964.7 kg / 31,014 oz). 2021 production was in line with company forecasts.
- Gold sales 818.5 kg / 26,316 oz (946.4 kg / 30,428 oz)
- Consolidated turnover US$47.7 million (US$53.4 million)
- Net profit after tax US$7.1 million (US$10.4 million)
- EBITDA US$22.5 million (US$30.9 million)
- Net cash flow generated by operating activities US$17.8 million (US$27.5 million)
- Average selling price of gold $1,812 per ounce ($1,755 per ounce)
- Annual production forecast 2022 is 800 to 830 kg of gold.
- VTB loan facility: in June 2021, further improvements were agreed, such as the reduction of the interest rate to 3-month LIBOR plus 3.7% and the cancellation of a mandatory “cash-sweep” clause in the loan agreement.
- Golden Impala bond issue contract: in December 2021, a new amendment to the bond issuance agreement regarding the extension of the maturity date until December 31, 2024 and a new three-month interest rate LIBOR in US dollars plus 6.44 % was signed.
- $2.3 million additional provision for waste disposal accumulated in LLC “Tardan Gold” for 2019-2021 (please see note 8 on page 18 for details).
Significant events after the reporting period
The Company is pleased to confirm that all false insolvency claims regarding the LLC subsidiary “Tardan Gold” and other subsidiaries have now been struck out by the competent courts. The Company and its subsidiaries are continuing their business as usual.
The full report is available here
It will be followed by a ZOOM conference for analysts and investors with Danilo Lange (CEO), Vladimir Vorushkin (CFO) and Petr Kustikov (COO), who will present Auriant Mining’s fourth quarter 2021 results and lead a session of questions answers.
The event will start at 1:00 p.m. CET (1:00 p.m. Stockholm, 3:00 p.m. Moscow, 12:00 p.m. London).
To participate in a ZOOM conference on Monday, February 28andplease send to our email [email protected] the following information: email, name, company name. We will email you the conference ID and password.
If you have any questions, you can send them to our email: [email protected].
For more information please contact:
Danilo Lange, CEO
Tel: +7 495 109 02 82
E-mail: [email protected]
Company name: Auriant Mining AB
Short name: AUR
ISIN Code: SE0001337213
Auriant Mining AB (AUR) is a Sweden-based junior mining company engaged in the exploration and production of gold in Russia, primarily in the Republic of Tyva, Zabaikalye and the Republic of Khakassia. The Company currently has four assets, including two operating mines (Tardan and Alluvial at Staroverinskaya), an early-stage exploration asset and a development asset.
Since July 19, 2010, shares of Auriant Mining have been trading on the Nasdaq First North Premier Growth Market under the abbreviated name AUR. For more information, visit www.auriant.com. G&W Fondkommission is Certified Adviser of Auriant, for more information please call +46 8 503 000 50, email [email protected] or visit www.gwkapital.se.
This information is information that Auriant Mining AB is required to make public under the EU Market Abuse Regulation. The information was submitted for publication, through the contact persons listed above, at 09:00 CET on February 28and2022.
Caution: The statements and assumptions made in this report regarding the current plans, estimates, strategies and beliefs of Auriant Mining AB (“AUR”), as well as other statements that are not historical facts, are forward-looking statements regarding future performance of AUR. Forward-looking statements include, but are not limited to, those that use words such as “may”, “could”, “seek”, “expect”, “anticipate”, “estimate”, “believe”, “projects”, “plans”, strategy”, “forecasts” and similar expressions. These statements reflect management’s expectations and assumptions in light of information currently available. They are subject to a number of risks and uncertainties, including, but not limited to, (i) changes in the economic, regulatory and political environment of the countries in which AUR operates; (ii) changes in the geological information available on the various projects undertaken; (iii) AUR’s continued ability to obtain sufficient funding to continue its operations of concern; (iv) the success of its potential joint ventures and alliances, if any; (v) exchange rates, in particular between the Russian ruble and the US dollar. In light of the many risks and uncertainties surrounding any ny gold production and exploration venture at an early stage in its development, actual results could differ materially from those presented and anticipated in this report. AUR assumes no unconditional obligation to immediately update such statements and/or forecasts. This press release must not, directly or indirectly, be released, published or distributed in the United States, Australia, Japan, Canada, New Zealand, Hong Kong, South Africa or any other country. where such action, in whole or in part, is subject to legal restrictions. Nothing in this press release should be construed as an offer to invest in or trade in shares of Auriant Mining AB (publ). The proposed broadcast will not be directed to residents or persons living in the United States, Australia, Japan, Canada, New Zealand, Hong Kong, South Africa or any other country where such share would require a supplemental prospectus, other offering documents, registration or other action. beyond those required by Swedish law. No security will be registered under the United States Securities Act of 1933, a similar law in any state of the United States, or under any provincial law in Canada, or under the applicable law of a other country.
Auriant Q4 2021 Interim Report_EN_FINAL
2022-02-28 Release Q4 2021 Interim Report_EN