RANA: Rana Gruber ASA – Production update Q1-23

Rana Gruber has today published the production update for the first quarter of 2023.
The concentrate production of the first quarter was 434.000 metric tons, up from 406.000 metric tons last year.

Volume sold of hematite was 423.000 metric tons, which corresponds to seven shipments. Final settlement of these shipments will be in April (2), May (3) and June (2).

Please see attachment for selected production and sales metrics for the quarter.

About Rana Gruber
Rana Gruber is a Norwegian iron ore producer established in 1964, with operations based on more than 200 years of mining experience. The company's products are based on natural mineral resources, which are processed and exported to customers worldwide. Key customers include steel producers and participants in the chemical industry. The company has about 300 employees and a production capacity of 1.8 million metric tons of iron ore concentrates.

Contact
CEO, Gunnar Moe
+47 941 47 650
Gunnar.moe@ranagruber.no

CFO, Erlend Høyen
+47 902 02 741
Erlend.hoyen@ranagruber.no