Interim report July-September 2024
”The exceptional exploration results we were able to present during the quarter indicate a whole new era for Viscaria. Our focus remains the reopening of the mine, and we are moving forward at a rapid pace. All signs point to Viscaria being a Tier-1 resource and one of the fastest-growing copper deposits in the coming years,” said Jörgen Olsson, CEO of Viscaria
Significant events during the period July – September
- On August 1, Viscaria exercised its environmental permit and began the construction of the water treatment plant.
- The company entered into a collaboration agreement with the Laevas Sami village.
- Exceptional exploration results were presented.
Significant events after the end of the period
- The Environmental Court of Appeal did not grant leave to appeal regarding the appeal of Viscaria’s environmental permit.
July – September 2024
- Net sales amounted to SEK 0 million (0).
- Profit after tax for the period was SEK -5.5 (4.3) million.
- Earnings per share before and after dilution amounted to SEK -0.05 (-0.05).
- Capitalised expenses related to exploration and appraisal assets amounted to SEK 104 million (60.4).
- The Group’s cash flow for the period was SEK -129 million (-83).
January – September 2024
- Net sales amounted to SEK 1 million (0).
- Profit after tax was SEK -29 (-20) million.
- Earnings per share before and after dilution amounted to SEK -0.30 (-0.25).
- Capitalised expenses related to exploration and appraisal assets amounted to SEK 253 million (197).
- The Group’s cash flow for the period was SEK 118 million (23).
- Cash and cash equivalents amounted to SEK 385 million on September 30, 2024 (266 on December 31, 2023).
- Equity amounted to SEK 1,617 million on 30 September 2024 (1,228 on 31 December 2023).
Presentation of the interim report
A live presentation of the interim report for the second quarter 2024 will be held today, Friday 8 November, at 09.30 CET. The report will be presented by CEO Jörgen Olsson and CFO Frida Keskitalo. The presentation will be held in Swedish and will also include a Q&A session.
The live presentation can be accessed via the link: https://youtube.com/live/f7ja9dcgbO0?feature=share