The latest announcement is out from Rana Gruber AS ( (DE:7XH) ).
Rana Gruber ASA reported a robust final quarter in 2024, marked by record concentrate production and effective cost control. The company achieved a net profit of NOK 57 million for Q4, with a total revenue of NOK 443.2 million, despite a decline compared to the previous year’s quarter due to lower prices. The company is advancing its Stensundtjern open pit preparations and expects to sell its first Fe65 index-linked load in the latter half of 2025. Additionally, an agreement with Salten Reinbeitedistrikt ensures sustainable operations in key areas, emphasizing Rana Gruber’s commitment to long-term growth and shareholder returns.
More about Rana Gruber AS
Rana Gruber is a Norwegian iron ore producer established in 1964, with over 200 years of mining heritage. The company produces iron ore concentrate, tailored for global steel producers and the chemical industry, with an annual production capacity of 1.8 million tons. It employs around 370 people.
YTD Price Performance: 1.11%
Average Trading Volume: 383
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €237.1M
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