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An announcement from Nordic Mining ASA ( (DE:7NM0) ) is now available.
Nordic Mining ASA reported its second quarter 2025 results, highlighting the initial commercial shipment of garnet and continued ramp-up of rutile production at the Engebø Plant. The company faced a production-related lost time injury and reported an operating loss of NOK 103.4 million. Despite a court ruling favoring NGOs against the Norwegian state regarding permits, Nordic Mining’s operations remain unaffected, with valid permits and a cash position of NOK 438.5 million to support ongoing operations. The company is focused on increasing throughput, operational time, and mineral recovery as it aims to reach steady production capacity by the end of 2025.
More about Nordic Mining ASA
Nordic Mining ASA is a resource company focused on high-end industrial minerals and metals, with assets primarily in the Nordic region. The company is engaged in a large-scale construction project at Engebø, Norway, where it holds rights to a significant eclogite deposit containing rutile and garnet. Additionally, Nordic Mining is involved in other initiatives, including patented technology for alumina production and high purity quartz exploration.
Average Trading Volume: 342,452
Current Market Cap: NOK2.02B
For a thorough assessment of 7NM0 stock, go to TipRanks’ Stock Analysis page.