Auriant Mining , gold | 12 February 2013 г. | 18:06

Auriant Mining reiterated forecast for 2013 production

Auriant Mining reiterated forecast for 2013 production
Auriant Mining published interim report for the period from January to September 2013.

Consolidated revenue from gold and gold equivalents for 9 months 2013 increased by 95% to MSEK 230.3 (US$ 35.8 m) compared to 9 months 2012 in amount of MSEK 118.1 (US$ 18.1 m).

Total production of gold for the reporting period increased by 150% to 843.7 kg (27,126 oz) from 337 kg (10,835 oz) in 9 months 2012.

EBITDA for the period was positive at MSEK 8.2 (US$ 1.3 m) compared to 9 months 2012 of MSEK 7.8 (US$ 1.2 m).

The net result after tax for the period was MSEK -34.0 (US$5.3 m) compared to 9 months 2012 in amount of MSEK - 33.0 (US$ -5.1 m). Earnings per share before and after dilution for 9 months 2013 were equal to SEK - 1.91 (US$ - 0.30) compared to 9 months 2012 - SEK - 1.88 (US$ -0.29).

Drilling programme at Tardan has been completed.

Company reiterates its forecast for overall 2013 gold production of 1,000 -1,200 kg (32,150 -38,580 oz).

Source: Metal Supply and Sale Magazine
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