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Auriant Mining AB (publ) publishes Interim Report from January-December 2015

Auriant Mining AB
Interim information

Auriant Mining AB (publ) publishes Interim Report from January-December 2015

Highlights:

·           Tardan gold production increased by 21% to 817 kg (26,275 oz),
compared to 673 kg (21,628 oz) in 2014. 

·           Total gold production in 2015 was 823 kg (26,468 oz), 24% less than
in 2014  (1,079 kg (34,689 oz)) due to the lack of alluvial production in 2015
(alluvial production in 2014 – 316 kg). 

·           Gold grade at Tardan was 3.03 g/t, which is 71% increase on that
achieved in 2014 (1.77 g/t). 

·           The volume of ore mined at Tardan (449,000 tonnes) increased by 18%
compared to 2014. 

·           Cash costs per ounce of gold produced decreased by 25% down to US$
798/oz in 2015 (US$ 1,060/oz in 2014). 

·           EBITDA for the period was positive at MSEK 86.9 (US$ 10.3 m)
compared to 2014 negative amount of MSEK -25.0 (US$ -4.1 m). Bank debt/EBITDA
ratio at the end of 2015 is 4.3x. 

·           Consolidated gross profit significantly improved and was positive
in 2015 at MSEK 41.2 (US$ 4.7 m) compared to a loss in 2014 of MSEK -39.1 (US$
-6.1 m). 

·           Solcocon write-down of MSEK 133.0 (US$ 16.0 m) m due to mining
cessation and sale in process. 



Key subsequent events:

·           Denis Alexandrov, who has been CEO since May 2012, left the company
on January 15th. Sergey Ustimenko is appointed as CEO of Auriant Mining AB. 

·           Chukotka management contract was terminated by mutual agreement
effective from 16 January 2016. 



Full report is available here

This will be followed by an interactive webcast for analysts and investors with
the CEO, Sergey Ustimenko and CFO, Alexander Buchnev who will be presenting
Auriant Mining’s Q4 2015 results as well as hosting a Q&A session. 

The event will begin at 10:00 CET (10:00 Stockholm, 12:00 Moscow, 09:00 London).

Those wishing to participate will need to pre-register for this event by
clicking here or opening the following link 
https://auriant.webex.com/auriant-en/onstage/g.php?MTID=e7f04ed8ccf6060673b324d8
9dd341a94 





For more information, please contact:



Sergey Ustimenko, CEO

tel: +7 495 660 22 20

e-mail: sergey.ustimenko@auriant.com



Company name: Auriant Mining AB

Short name: AUR

ISIN-code: SE0001337213



Website: www.auriant.com
Twitter: @auriantmining





Auriant Mining AB (AUR) is a Swedish junior mining company focused on gold
exploration and production in Russia, primarily in Zabaikalye and the Republics
of Khakassia and Tyva. The company has currently four assets, including two
operating mines (Tardan and Solcocon) one early stage exploration asset and one
development asset. The group’s mineral licenses are estimated to contain
official Russian State Reserves Committee (GKZ) reserves of 829 500, 000 troy
ounces (1 oz = 31.1 g) in the C1 and C2 categories and 500,000 troy ounces in
NI 43-101 standard. 

Since July 19, 2010, Auriant Mining´s shares are traded on First North Premier
at the NASDAQ OMX Nordic Exchange under the short name AUR. For more
information please visit www.auriant.com. Mangold Fondkommission is Certified
Adviser to Auriant, for more information please call +46 8 503 015 50 or visit
www.mangold.se. 

Cautionary Statement: Statements and assumptions made in this report with
respect to Auriant Mining AB’s (“AUR”) current plans, estimates, strategies and
beliefs, and other statements that are not historical facts, are
forward-looking statements about the future performance of AUR. Forward-looking
statements include, but are not limited to, those using words such as "may",
"might", "seeks", "expects", "anticipates", "estimates", "believes",
"projects", "plans", strategy", "forecast" and similar expressions. These
statements reflect management's expectations and assumptions in light of
currently available information. They are subject to a number of risks and
uncertainties, including, but not limited to, (i) changes in the economic,
regulatory and political environments in the countries where AUR operates; (ii)
changes relating to the geological information available in respect of the
various projects undertaken; (iii) AUR’s continued ability to secure enough
financing to carry on its operations as a going concern; (iv) the success of
its potential joint ventures and alliances, if any; (v) exchange rates,
particularly between the Russian rouble and the U.S. dollar. In the light of
the many risks and uncertainties surrounding any gold production and
exploration company at an early stage of its development, the actual results
could differ materially from those presented and forecast in this report. AUR
assumes no unconditional obligation to immediately update any such statements
and/or forecasts 



This press release shall not, directly or indirectly, be released, published or
distributed in or to the United States, Australia Japan, Canada, New Zealand,
Hong Kong, South Africa or other country where such action as a  whole or in
part is subject to legal restrictions. Nothing in this press release should be
considered as an offer to invest or otherwise trade in shares of Auriant Mining
AB (publ). The proposed issue will not be directed at residents or those living
in the United States, Australia, Japan, Canada, New Zealand, Hong Kong, South
Africa or other country where such action would require further prospectus,
other offering documentation, registration or other measures beyond those
required by Swedish law. No securities will be registered under the United
States Securities Act of 1933, a similar law in any state in the United States,
or under any provincial law in Canada, nor under the applicable law of another
country.