Nordic Mining ASA (LTS:0GYZ)

Q3 2025 Nordic Mining ASA Earnings Call Transcript

Oct 31, 2025 / 09:00 AM GMT

Release Date Price: kr14.48 (+3.72%)

Transcript

Key Points

Positve

Nordic Mining ASA (FRA:7NM0) achieved a significant increase in material crushing and milling over a six-week period compared to the previous six months.
The company has brought on-site expertise from experienced partners like the Barton Group and Ivatani Group to address operational challenges.
A new path forward has been charted with the aim of having a rota cargo ready for shipment by the end of Q1 next year and operating at design capacity by the end of Q2.
Nordic Mining ASA (FRA:7NM0) was awarded the Fennoscadian Mining Award for 2025, recognizing their efforts and achievements.
The company has secured additional capital through a tap issue of their high yield bond, providing a financial runway to support their updated ramp-up plan.

Negative

Operational technical issues and a court case have posed challenges for Nordic Mining ASA (FRA:7NM0) during the quarter.
The company faced low production volumes of Garnett and Ruta due to limited operational time and stability issues.
Prices in the titanium dioxide market weakened in Q3 due to continued exports from China.
The company experienced a negative cash flow from operations, partly due to limited revenue and high maintenance costs.
Operational challenges and increased production expenses have impacted the company's financial performance, with higher than expected mining costs and legal expenses.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

NOM.OL - Nordic Mining ASA
Q3 2025 Nordic Mining ASA Earnings Call
Oct 31, 2025 / 09:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to Nordic Mining's 3rd quarter 25 interim presentation.

We have a challenging quarter behind us with operational technical issues as well as a court case, but this is not without some bright spots. On the positive side during the quarter, we crushed and milled more material during a six week period than we did in the preceding 6 months.

The produced volumes of Garnett and Ruta were in spec, but the volumes were low.

The issue that we faced was one of operational time, continuous operational time.

And we've taken steps to address this by bringing on-site expertise from our customers and partners. The Barton Group that has 150 years' experience running their own mining operation,

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