Financial Report Second Quarter 2018

Second Quarter 2018 (April - June)

  • Exploration and evaluation costs for second quarter amounts to 5.4 (0.0) msek
  • After-tax profit for second quarter amounts to -6.2 (-0.5) msek
  • Profit per share for second quarter amounts to -0.50 (-0.06) sek 

First Six Months 2018 (January - June)

  • Exploration and evaluation costs for first six months amounts to 6.4 (0.0) msek
  • After-tax profit for first six months amounts to -7.3 (-0.5) msek
  • Profit per share for first six months amounts to -0.58 (0.07) sek

Significant events in the reporting period

  • Drill program of 2,465 meters completed in Joma fields in Norway
  • Work with regulatory plan initiated for Joma
  • Exploration permit obtained for previous copper and zinc mine in Gjersvik approx. 24 km from Joma mine
  • Direct share issue of 7.5 msek to Canadian investor Vilhelmina Minerals Inc. completed
  • Company has applied for listing of Company's share at market place NGM Nordic MTF in Stockholm

Significant events after the reporting period

  • Dividend in kind of subsidiary Upgrade Mineral AB approved at extra shareholder's meeting
  • Incentive program with warrants to key staff approved at extra shareholder's meeting

Financial reporting calendar

  • Financial reporting for the period January - September 2018 will be published on November 13, 2018
  • Financial reporting for the period January - December 2018 will be published on February 12, 2019
  • Annual report 2018 will be published on March 15, 2019
  • Annual general meeting 2019 will be held on April 25, 2019

For the full report, see attached document.

Stockholm, August 14, 2018

Michael Timmins
Chairman

Peter Hjorth
CEO and director

Jonas Dahllöf
COO and director

Leslaw Kwasik
Director

Scott Moore
Director

Neil Said
Director 

For additional information please contact:
Peter Hjorth, VD, Vilhelmina Mineral AB (publ)
E-post: [email protected]
www.vilhelminamineral.com

Vilhelmina Mineral in short
Vilhelmina Mineral AB (publ), ("the Company"), is a Swedish company active in exploration and mining in the Nordic region, focusing on base metals, mainly copper and zinc. The company's goal is to develop the current deposits and start mining operations in the next few years. The company's main projects consist of the Swedish projects Stekenjokk and Levi in Västerbotten and the Norwegian project Joma located in Trøndelag. For Stekenjokk and Levi, an application for exploitation concession is submitted to the Swedish authorities. In the case of the Joma, the first step in the Norwegian equivalent of exploitation concession has been obtained ("utvinningsrett"). In addition to the main projects, there are a number of smaller satellite projects in the form of Swedish Jormlien and Ankarvattnet, as well as Norwegian Gjersvik. The operations are organized in the Swedish parent company Vilhelmina Mineral AB (publ) and in the half-owned Norwegian subsidiary Joma Gruver AS. More information about the Company is available at www.vilhelminamineral.com.

Attached files

Vilhelmina_Mineral_Financial_Report_Q2_2018.pdf

Filer

Vilhelmina_Mineral_Financial_Report_Q2_2018.pdf

Om Vilhelmina Mineral

Vilhelmina Mineral är ett bolag verksamt inom prospektering och gruvutveckling i Norden inom basmetaller, främst koppar och zink. Bolaget fokuserar i nuläget på det svenska projektet Stekenjokk och Levi samt det norska projektet Jomafältet.

Webbplats
www.vilhelminamineral.se
Bransch
Råvaror
Läs mer

Prenumerera

Få löpande information från Vilhelmina Mineral via e-post.