"We continue to make significant progress in the preparations for the restart of the Viscaria copper mine. We are confident that Viscaria is well-positioned to become an important contributor to the growing global demand for sustainably produced copper. " - Jörgen Olsson, CEO of Viscaria
Significant events during the period October - December 2024
- The Environmental Court of Appeal did not grant leave to appeal regarding Viscaria's environmental permit. This decision was appealed later during the quarter to the Supreme Court by the Gabna Sami village.
- Viscaria's nomination committee announced its intention to propose Mark Johnson as a new board member at the Viscaria Annual General Meeting in 2025.
- An agreement on a shareholder loan of 315 million SEK with the company's major shareholder was signed, along with a letter of intent to participate in an upcoming rights issue.
- The land allocation for Viscaria, granted by the Mining Inspector on June 29, 2023, became final.
Significant events after the end of the period
- No significant events to report.
October - December 2024
- Net sales amounted to SEK 0 million (0).
- Profit after tax for the period was SEK -19.2 million (-10.0).
- Earnings per share before and after dilution amounted to SEK -0.18 (-0.11).
- Capitalised expenses related to exploration and appraisal assets amounted to SEK 77.0 million (63.0).
- The Group's cash flow for the period was SEK -153 million (-86.1).
January - December 2024
- Net sales amounted to SEK 0 million (0).
- On June 18, a directed share issue was carried out, bringing Viscaria approximately 440 million SEK before expenses.
- Profit after tax was SEK -48.2 million (-30.1).
- Earnings per share before and after dilution amounted to SEK -0.49 (-0.36).
- Capitalised expenses related to exploration and appraisal assets amounted to SEK 330 million (260).
- The Group's cash flow for the period was SEK -34.5 million (-62.8).
- Cash and cash equivalents amounted to SEK 232 million on December 31, 2024 (266 on December 31, 2023).
- Equity amounted to SEK 1,598 million on 31 December 2024 (1,228 on 31 December 2023).
Presentation of the interim report
A live presentation of this interim report will be held today, Thursday 20 February, at 09.30 CET. The live presentation can be accessed via the link: https://youtube.com/live/txosW7CFRiI?feature=share For
For further information, please contact:
Jörgen Olsson, CEO
Mobile: +46 (0) 703 - 420 570
Email: jorgen.olsson@viscaria.com
Karin Svensson, Head of Communications
Mobile: +46 (0) 761 - 169 190
Email: karin.svensson@viscaria.com
info@viscaria.com or www.viscaria.com
About Viscaria
Gruvaktiebolaget Viscaria is a company that is scaling up to become a modern and responsible producing mining company through the reopening of the Viscaria mine in Kiruna. The deposit's high copper grade, assessed mineral resources, geographical location and growing team of experienced employees provide good conditions for the company to become an important supplier of high-quality and responsibly produced copper - a metal that has a central role in Sweden's and Europe's climate transition. In addition to the Viscaria mine, the company holds a number of processing concessions and exploration permits in Arvidsjaur (Eva, Svartliden, Granliden) and Smedjebacken (Tvistbogruvan) - all in Sweden. The Parent Company's shares are listed on Nasdaq Stockholm Main Market (ticker VISC).
