RANA: Rana Gruber ASA – Production update Q1-23

12 Apr 2023 07:00 CEST

Rana Gruber has today published the production update for the first quarter of
2023.
The concentrate production of the first quarter was 434.000 metric tons, up from
406.000 metric tons last year.

Volume sold of hematite was 423.000 metric tons, which corresponds to seven
shipments. Final settlement of these shipments will be in April (2), May (3) and
June (2).

Please see attachment for selected production and sales metrics for the quarter.

About Rana Gruber
Rana Gruber is a Norwegian iron ore producer established in 1964, with
operations based on more than 200 years of mining experience. The company's
products are based on natural mineral resources, which are processed and
exported to customers worldwide. Key customers include steel producers and
participants in the chemical industry. The company has about 300 employees and a
production capacity of 1.8 million metric tons of iron ore concentrates.

Contact
CEO, Gunnar Moe
+47 941 47 650
Gunnar.moe@ranagruber.no

CFO, Erlend Høyen
+47 902 02 741
Erlend.hoyen@ranagruber.no

More information:
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587361_230412 Production update.pdf