Rana Gruber ASA (STU:7XH)
€ 6.27 -0.06 (-0.95%) Market Cap: 236.32 Mil Enterprise Value: 250.15 Mil PE Ratio: 5.20 PB Ratio: 2.96 GF Score: 83/100
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Q2 2024 Rana Gruber ASA Earnings Call Transcript

Aug 27, 2024 / 06:00AM GMT
Release Date Price: €5.89 (+1.03%)
Gunnar Moe
Rana Gruber ASA - Chief Executive Officer

Welcome to this presentation of Rana Gruber results for the second quarter and first half of 2024. My name is Gunnar Moe and I am the CEO at Rana Gruber. And with me today, I have our CFO, Erland Hoyen. We will now take you through it here our operational and financial performance, and you are welcome to send us questions during our presentation by using the Q&A feature. Questions will be answered at the end of the session.

Let's start with the highlights for the second quarter. Second quarter is normally an eventful quarter and our most important quarter were to improve and maintain our processing equipment.

Second quarter is always a quarter with lower production in all part of our process due to the annual maintenance stop. The reduced production in the period in combination with higher maintenance costs means higher cash cost per tonne. This year, we also had an unexpected failure on one of the conveyor belts in the underground mine, which resulted in higher costs than the initial plan.

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