Rana Gruber ASA – Production update Q2-24

05 Jul 2024 08:00 CEST

Rana Gruber has today published the production update for the second quarter of
2024.
The concentrate production of the second quarter was 421.000 metric tons, in
line with 427.000 metric tons last year.

Volume sold of hematite was 507.000 metric tons and will be booked as revenue in
the second quarter. This corresponds to eight shipments of approx. 60.000 metric
tons and one shipment that was loaded with approx. 25.000 metric tons at the end
of the quarter. This last shipment was finalized and loaded with approx. 60.000
metric tons 2. July.

Final settlement of these shipments will be June (1), July (3), August (3) and
September (2).
The shipment with settlement in June is finalized with the June average and is
linked to the shipment that was delayed in first quarter.

See attachment for more information.

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 370 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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623114_240703 Production update Q2-24.pdf