Auriant Mining AB (publ.) Publishes Q2 2021 Interim Report

Economic highlights

• Group turnover $ 22.9 million (first year of 2020: $ 28.4 million).
• Net profit after taxes $ 3.7 million (first half of 2020: $ 8.6 million).
• EBITDA $ 10.6 million (first half of 2020: $ 16.8 million).
• Net cash flow from operating activities $ 10.7 million (first half of 2020: $ 14.7 million).
• In June 2021, the terms of the VTB loan were further improved: the interest rate was reduced to 3-month LIBOR plus 3.7% and the mandatory cash withdrawal was canceled.
• As of January 1, 2021, Auriant Mining Group has changed its presentation currency from the Swedish krona to the United States dollar (USD) and presented the consolidated financial statements for the first quarter of 2021 in dollars.

Functional highlights

• Amount of ore treated 207 thousand tons through the CIL plant and an average quality of 2.24 g / t (total amount of gold in refined ore 463 kg). The CIL plant operated at the predicted capacity per working hour (> 50 t / hour) and with a higher efficiency of 92.9%.
• H1 2021, total gold production was 455 kg (14,626 oz), compared with 521 kg (16,750 oz) in the first half of 2020, a decrease of 13% or 66 kg (2124 oz).
• H1 2021 gold sales were 392 kg (12598 oz), compared to 537 kg (17249 oz) in the first half of 2020, a decrease of 145 kg (4651 oz) or 27%.
• The average selling price of gold increased 10% to $ 1,821 oz (H1 2020: US $ 1,648).
• Cash costs increased 22% to $ 705 per oz (H1 2020: $ 577 per oz). The cost factor was higher removal volume. Peeling in the first quarter was 773.8 thousand m3 (+344.8 thousand m3, ie 80% more than in the first half of 2020).
• The forecast for total gold production in 2021 is 900 to 930 kg (28,936 29,900 oz). The annual capacity of the CIL plant is 350 to 380 thousand tons.

The full report is available here

This will be followed by a ZOOM conference for analysts and investors with Danilo Lange (CEO), Vladimir Vorushkin (CFO) and Petr Kustikov (COO).

The event starts at 13:00 CET (13:00 Stockholm, 14:00 Moscow, 12:00 London).

Attend the ZOOM conference on Monday, August 30th^th, send email [email protected] the following information: e-mail, name, company name. We will send the conference ID and password by e-mail.

If you have any questions, you can send them to our email: [email protected].

For more information, contact:

Danilo Lange, CEO
Tel: +7495109 02 82
E-mail: [email protected]

Company Name: Auriant Mining AB
Short name: AUR
ISIN code: SE0001337213

Website: www.auriant.com
www.facebook.com/AuriantMining/

Auriant Mining AB (AUR) is a Swedish junior mining company focusing on gold exploration and production in Russia, mainly in Zabaikalye and the Republics of Khakassia and Tyva. The company currently has four assets, including two operating mines (Tardan and Staroverinskaya), one early-stage exploration resource and one development resource.

Auriant Minings shares have been traded on the Nasdaq First North Premier Growth Market since July 19, 2010 under the short name AUR. For more information, visit www.auriant.com. The Mangold Fondkommission is Auriant’s authorized adviser. For more information, call +46 8 503 015 50, e-mail [email protected] or visit www.mangold.se.

This information is information that Auriant Mining AB is required to disclose in accordance with the EU Market Abuse Regulation. The information was submitted for publication through the above contact persons at 09.20 CET on 30 August^th, 2021.

Warning clause: The statements and assumptions made in this report regarding Auriant Mining AB’s (AUR) current plans, estimates, strategies and beliefs, as well as other statements that are not historical facts, are forward-looking statements about the future development of AUR. Forward-looking statements include, but are not limited to, those that use words such as “may”, “may”, “seeks”, “expects”, “anticipates”, “estimates”, “believes”, “projects”, “plans”, strategy “,” forecast “and similar expressions. These statements reflect management’s expectations and assumptions in light of available information. They involve a number of risks and uncertainties, including, but not limited to, (i) changes in the economic, regulatory and political environment in those countries; (ii) changes in the geological data associated with the various projects, (iii) the AURs will continue to be able to obtain adequate funding to continue their operations, (iv) the success of any joint ventures and alliances, if any, (v) exchange rates, in particular the Russian ruble and The actual results may differ materially from those presented and projected in this report at an early stage of development. immediately update such statements and / or forecasts. This press release may not be published, published or disseminated, directly or indirectly, in the United States, Australia, Japan, Canada, New Zealand, Hong Kong, South Africa or any other country where such activities are subject, in whole or in part, to legal restrictions. Nothing in this press release should be construed as an offer to invest in or otherwise trade in shares of Auriant Mining AB (publ). The proposed question is not addressed to residents of the United States, Australia, Japan, Canada, New Zealand, Hong Kong, South Africa or any other country, or to those who require an additional prospectus, other offer documents, registration or other measures. more than required by Swedish law. The Securities will not be registered under the U.S. Securities Act of 1933, the corresponding law in any U.S. state or the provincial law of Canada, or the applicable law of another country.

• 2021-08-30 Publication Q2 2021 Interim Report_FIN
• Auriant Q2 2021 Interim Report_ENG