Rana Gruber ASA – Production update Q4-25

12 Jan 2026 08:10 CET

Rana Gruber has today published a production update for the fourth quarter of
2025. Production of iron ore concentrates in the fourth quarter reached 428,000
metric tonnes (478,000 metric tonnes in Q4-24).

Production of iron ore concentrates ended at 1.81 million metric tonnes in 2025,
in line with capacity and production volumes in 2024. Rana Gruber has, over the
past years, increased both quality and volumes, according to the company’s
high-grade strategy. Lower volumes in Q4-25 compared with previous quarters are
mainly caused by production disruptions and lower recovery following the quality
improvement. Mitigating measures to improve recovery will be implemented in Q1.

Production of magnetite continued its strong trend, reaching 57,000 metric
tonnes, up from 54,000 metric tonnes in the same quarter last year.

In early January 2026, the company started ore production at Stensundtjern in
the western part of Rana Gruber’s mining area. Of the total waste rock removal
of 1,394,000 metric tonnes in the fourth quarter, waste rock from Stensundtjern
amounted to 893,000 metric tonnes. Waste rock removal up to the start of ore
production will be capitalised as stripping costs.

Volume sold of hematite in the fourth quarter was 424,000 metric tons. This
corresponds to seven shipments of approximately 60,000 metric tons each. One of
these seven shipments was sold to Asia as previously communicated. The final
settlement of these seven shipments will be January (3), February (3) and March
(1)

For more information see attachment.

Rana Gruber ASA will present its fourth quarter results on 12. February 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:
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663438_260112 Production update Q4-25.pdf