The amounts in parentheses relate to the same period of the previous year.
- Gold production 216.7 kg / 6,967 oz (209.7 kg / 6,743 oz).
- Gold sales 288.2 kg /9,264 oz (180.0 kg /5,787 oz)
- Consolidated turnover US$17.2 million (US$10.6 million)
- Net profit after tax US$4.7 million (US$1.7 million)
- EBITDA $9.9 million ($5.0 million)
- Net cash flow generated by operating activities $9.1 million ($4.5 million)
- Average selling price of gold $1,861 per ounce ($1,830 per ounce)
- Annual production forecast 2022 is 800 to 830 kg of gold.
Significant events after the reporting period
The Annual General Meeting held on May 10, 2022 resolved to approve a loan facility to the Company from the shareholder GoMobile Nu AB, which is a related party, in accordance with the following principal terms and conditions. The Company has entered into a conditional loan commitment agreement with GoMobile Nu AB. The Company will benefit from a loan facility of up to SEK 9,400,000. The loan facility will be available during the period between May 10, 2022 and May 9, 2023 (the commitment period). The Company shall have the right to draw funds in one or more tranches during the commitment period. On any amount drawn, the Company will pay an annual interest of 6.5% and a commitment fee of 1.5% per annum is payable on any undrawn amount under the loan facility during the commitment period. The Company is entitled to terminate the commitment period at any time. The repayment of the sums drawn must take place no later than May 10, 2023, which is therefore the due date. At maturity, said interest and commitment fees will also be paid.
LLC “Tardan Gold” obtained the Gold Sales Export License in May 2022.
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 first quarter 2022 results and lead a questions answers.
The event will start at 1:00 p.m. CET (1:00 p.m. Stockholm, 2:00 p.m. Moscow, 12:00 p.m. London).
To participate in a ZOOM conference on Tuesday, May 31stplease 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 May 31st2022.
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.
2022-05-31 Publication Q1 2022 Interim Report_EN
Auriant Q1 2022 Interim Report_ENG FINAL