Rana Gruber ASA – Production update Q2-25

04 Jul 2025 08:00 CEST

Rana Gruber has today published the production update for the second quarter of
2025.

The production of iron ore concentrates for the second quarter reached 440.000
metric tons. This is in line with the strong production trend seen over the last
year. Also, the production of magnetite continued its strong trend, ending at
38.000 metric tons, up from 34.000 metric tons last year.

Volume sold of hematite in the second quarter was 380.000 metric tons. This
corresponds to six shipments of approximately 60,000 metric tons each, in
addition to one shipment that was in the process of loading at the end of the
quarter, with approximately 10.000 metric tons loaded at the end of the quarter.
The final settlement of these seven shipments will be June (1) July (1), August
(2), September (3). One of these seven shipments was sold to Asia at a freight
cost of USD 37 per metric ton.

See attachment for more information.

Rana Gruber ASA will present its second quarter results on 27 August at 08:00
CEST via a webcast. The presentation and financial report will be published
prior to the presentation.

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:
Access the news on Oslo Bors NewsWeb site

650698_250704 Production update Q2-25.pdf