Press Releases

Financial Report Second Quarter 2019

Second quarter 2019 (April-June 2019)

  • Exploration and evaluation costs for second quarter amounts to MSEK 2.0 (5.4)
  • After-tax profit for second quarter amounts MSEK -2.0 (-5.6)
  • Profit per share for second quarter amounts SEK -0.12 (-0.45)

First six months 2019 (January-June 2019)

  • Exploration and evaluation costs for second quarter amounts to MSEK 4.1 (6.4)
  • After-tax profit for second quarter amounts MSEK -4.2 (-6.7)
  • Profit per share for second quarter amounts SEK -0.25 (0.54)

Significant events in the reporting period

  • Permitting work for Stekenjokk and Levi has continued. In the hearing process the municipalities of Strömsund and Vilhelmina and the county of Jämtland have recommended approval of exploitation concession. The county of Västerbotten has asked for additional information from the Company
  • The annual general meeeting has approved new articles of association and authorized the board to issue new shares or other financial instruments

Significant events after the reporting period

  • Arbetet med tillståndsfrågor i Joma och Stekenjokk har fortgått. Komplettering ska vara ansvarig myndighet Bergsstaten tillhanda i slutet på september 2019 

Financial reporting calendar

  • Financial reporting for period January - September 2019 will be published on November 8, 2019
  • Financial reporting for period January - December 2019 will be published on February 11, 2020
  • Annual report for 2019 will be published on March 13, 2020
  • Annual general meeting will be held on April 24, 2020
  • Financial reporting for the period January - March 2020 will be published on May 9, 2020

For the full report, see attachment.

Stockholm August 9, 2019

For additional information please contact:

Peter Hjorth, CEO, Vilhelmina Mineral AB (publ) , tel. +46-725 38 25 25

Email: info@vilhelminamineral.com 

See also: www.vilhelminamineral.com 

Vilhelmina Mineral is a Swedish junior resource company with focus on copper and zinc projects in the Nordic countries. In Sweden the Company owns the Stekenjokk project in which approximately 7 million tons were produced between 1976 and 1988. According to estimates there are remaining indicated mineral resources of 7.4 million tons with grades of 1.17% Cu, 3.01% Zn and 47 g/ton Ag (cut-off 0.9% Cu). In Norway, Vilhelmina Mineral is co-owner in the Joma field in which some 11.5 million tons were previously produced between 1972 and 1998 with average grades of 1.5% Cu and 1.5% Zn. The Joma field (excluding Gjersvik) is estimated to hold approximately 5.7 million tons with grades of 1.55% Cu and 0.82% Zn (cut-off 0.8% Cu).

2019-11-08
Regulatory

Third quarter 2019 (July-September 2019)

  • Exploration and evaluation costs for third quarter amounts to MSEK 1.5 (1.3)
  • After-tax profit for third quarter amounts MSEK -1.5 (-1.3)
  • Profit per share for third quarter amounts SEK -0.09 (-0.09)

First nine months 2019 (January-September 2019)

  • Exploration and evaluation costs for first nine months amounts to MSEK 5.6 (7.7)
  • After-tax profit for first nine months amounts MSEK -5.6 (-8.0)
  • Profit per share for first nine months amounts SEK -0.34 (-0.64)
2019-10-17
Regulatory

Swedish junior resources company Vilhelmina Mineral AB (publ) ("Vilhelmina Mineral" or "the Company") has submitted an extensive supplement to the ongoing application for exploitation concession in Stekenjokk and Levi. The documentation was sent to the Swedish Mining Inspectorate. The concession application relates to mining of copper and zinc. In its supplement the Company maintains that exploitations concessions should be granted for both mineralizations.

2019-08-09
Regulatory

Second quarter 2019 (April-June 2019)

  • Exploration and evaluation costs for second quarter amounts to MSEK 2.0 (5.4)
  • After-tax profit for second quarter amounts MSEK -2.0 (-5.6)
  • Profit per share for second quarter amounts SEK -0.12 (-0.45)

First six months 2019 (January-June 2019)

  • Exploration and evaluation costs for second quarter amounts to MSEK 4.1 (6.4)
  • After-tax profit for second quarter amounts MSEK -4.2 (-6.7)
  • Profit per share for second quarter amounts SEK -0.25 (0.54)
2019-05-14
Regulatory

First Quarter 2019 (January - March)

  • Exploration and evaluation costs for first quarter amounts to MSEK 2.1 (1.0)
  • After-tax profit for first quarter amounts to MSEK-2.2 (-1.0)
  • Profit per share for first quarter amounts to SEK -0.13 (-0.10)
2019-05-03
Regulatory

Vilhelmina Mineral AB (publ) ("the Company") has held an annual general meeting on May 3, at which the current members of the board, Scott Moore, Neil Said, Les Kwasik, Jonas Dahllöf and Peter Hjorth, were re-elected. Further, the board has been authorized to issue up to 33,000,000 new shares or other financial instruments.

2019-04-03
Regulatory

Vilhelmina Mineral AB (publ), reg. no 556832-3876, (hereinafter the "Company") has previously through the financial calender at the Company's website communicated April 25, 2019 as date for the annual general meeting. Due to administrative reasons, the date has been postponed and the shareholders are hereby invited to the annual general meeting to be held on May 3, 2019 at 4:00 p.m. in the Company's premises at Brahegatan 29 in Stockholm.

2019-03-01
Regulatory

The board of Vilhelmina Mineral AB (publ) ("Vilhelmina Mineral" or "the Company") has decided on record date for dividend in kind of the shares in the newly formed subsidiary Upgrade Mineral Nordic AB ("Upgrade Mineral"). The decision was made on the basis of authorization from the Extraordinary General Meeting on August 2, 2018. The record date for obtaining shares in Upgrade Mineral is March 7, 2019.

2019-02-12
Regulatory

Fourth Quarter 2018 (October - December)

  • Exploration and evaluation costs for fourth quarter amounts to MSEK 3.3 (1.1)
  • After-tax profit for fourth quarter amounts to MSEK-3.3 (-1.1)
  • Profit per share for fourth quarter amounts to SEK -0.22 (-0.11)

Full year 2018 (January - December)

  • Exploration and evaluation costs for the full year amounts to MSEK 11.0 (1.1)
  • After-tax profit for the full year amounts to MSEK -11.3 (-2.9)
  • Profit per share for the full year amounts to SEK -0.84 (-0.34)
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