Nordic Mines publishes Company Update
(Thomson Reuters ONE) -
PRESS RELEASE, October 21, 2014
In connection with today's capital market presentation, Nordic Mines has
published a Company Update on its website. The Company Update describes Nordic
Mines's present situation, plans for the near future and long-term strategic
priorities.
Today, on October 21, Nordic Mines will deliver a capital market presentation
for investors, analysts and the media, at Operaterrassen. The presentation is
held in light of the significant changes in Nordic Mines's conditions since the
latest financial report was published. With the SEK 152 million rights issue
that was completed in September, and the write-downs and composition plans that
have reduced Nordic Mines's debt by SEK 440 million, the company is currently in
a new and significantly stronger position.
Nordic Mines has now published the Company Update that will be presented during
today's event. Among other things, the Company Update describes:
* The milestones Nordic Mines will pass on the way towards restarting the
Laiva mine during the winter/spring of 2015
* The company's adjusted and more conservative strategy
* A target of positive EBITDA from Laiva within 6-12 months from restarting
the mine
* The company's long-term focus on cash flow generation
* In a longer perspective - the conditions for resuming exploration
Nordic Mines's new Company Update can be found here: [LINK]
Today's capital market presentation can be followed live through webcast here:
[LINK]
For additional information, please contact:
Thomas Cederborg, CEO, +46 708 480 521
Jonatan Forsberg, CFO, +46 761 051 310
For more information about Nordic Mines, please visit; www.nordicmines.se
The above information may be information that Nordic Mines AB (publ) is required
to disclose under the Securities Market Act and / or the Trading in Financial
Instruments. The information was published at [8:00 a.m. CET] on October
21, 2014.
Nordic Mines is a Nordic mining and exploration company whose goal is to become
one of Europe's leading gold producers and a role model in respecting the
environment. The Laiva mine in Finland commenced gold production in late 2011.
The discovery is one of the largest in the Nordic countries. Exploration is
performed in Finland and Sweden. Nordic Mines was founded in 2005 and has almost
100 employees. Its shares are traded on the Nasdaq OMX Small Cap list. See also
www.nordicmines.se
Nordic Mines publishes Company Update:
http://hugin.info/138647/R/1864324/654333.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Nordic Mines AB via GlobeNewswire
[HUG#1864324]
Unternehmensinformation / Kurzprofil:
Datum: 21.10.2014 - 08:00 Uhr
Sprache: Deutsch
News-ID 345503
Anzahl Zeichen: 3416
contact information:
Town:
Uppsala
Kategorie:
Business News
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"Nordic Mines publishes Company Update"
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