Rana Gruber ASA – Production update Q3-25

06 Oct 2025 16:30 CEST

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

The production of iron ore concentrates for the third quarter reached 472.000
metric tons. This is in line with the strong production trend seen over the last
quarters. Also, the production of magnetite continued its strong trend, ending
at 53.000 metric tons, up from 44.000 metric tons in the same quarter last year.


Of the total waste rock removal of 1.182.000 metric tons, waste rock from
Stensundtjern was 486.000 metric tons. Waste rock removal up to the start of ore
production will be capitalised as stripping cost.

Volume sold of hematite in the second quarter was 415.000 metric tons. This
corresponds to seven shipments of approximately 60,000 metric tons each. One of
these seven shipments was starting to load at the end of second quarter as
communicated last quarter. The final settlement of these seven shipments will be
September (1), October (2), November (2), December (2).

See attachment for more information.

Rana Gruber ASA will present its third quarter results on 12. November at 09:00
CET.
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

656720_251006 Production update Q3-25.pdf