Talvivaara Mining Co Correction: Talvivaara Mining Company annual results review for the year ended 31 December 2012
February 15 2013 - 10:12AM
UK Regulatory
TIDMTALV
Stock Exchange Release
Talvivaara Mining Company Plc
15 February 2013
Correction: Talvivaara Mining Company annual results review for
the year ended 31 December 2012
Correction to Talvivaara Mining Company annual results review for the year ended
31 December 2012 published on 14 February 2013 at 7:00 GMT / 9:00 EET. The
annual results review incorrectly states on page 2 in the Key Figures table that
all figures in the review have been audited. In the review, only figures that
have been specifically identified as such, are audited.
The correction also applies to the Finnish language annual results review for
the year ended 31 December 2012.
The corrected table is as follows:
Key Figures
=-----------------------------------------------+--------+------+-------+------
EUR million | Q4| Q4| FY| FY
| 2012| 2011| 2012| 2011
=-----------------------------------------------+--------+------+-------+------
Net sales | 25.7| 66.5| 142.9| 231.2
=-----------------------------------------------+--------+------+-------+------
Operating profit (loss) | (57.0)| 14.9| (83.6)| 30.9
=-----------------------------------------------+--------+------+-------+------
% of net sales |(221.9%)| 22.5%|(58.5)%| 13.4%
=-----------------------------------------------+--------+------+-------+------
Profit (loss) for the period | (59.4)| 3.7|(103.9)| (5.2)
=-----------------------------------------------+--------+------+-------+------
Earnings per share, EUR | (0.22)| 0.01| (0.38)|(0.04)
=-----------------------------------------------+--------+------+-------+------
Equity-to-assets ratio | 24.3%| 27.9%| 24.3%| 27.9%
=-----------------------------------------------+--------+------+-------+------
Net interest bearing debt | 563.8| 455.7| 563.8| 455.7
=-----------------------------------------------+--------+------+-------+------
Debt-to-equity ratio | 183.8%|141.3%| 183.3%|141.3%
=-----------------------------------------------+--------+------+-------+------
Capital expenditure | 29.6| 21.6| 97.5| 79.1
=-----------------------------------------------+--------+------+-------+------
Cash and cash equivalents at the end of the | 36.1| 40.0| 36.1| 40.0
period | | | |
=-----------------------------------------------+--------+------+-------+------
Number of employees at the end of the period | 588| 461| 588| 461
=-----------------------------------------------+--------+------+-------+------
The corrected annual results review for the year ended 31 December 2012 can be
found on the Talvivaara corporate website www.talvivaaran.com/financial-reports
and attached as a PDF file to the Stock Exchange Release.
Enquiries
Talvivaara Mining Company Plc Tel +358 20 7129 800
Pekka Perä, CEO
Saila Miettinen-Lähde, Deputy CEO and CFO
Talvivaara Mining Company Plc
Talvivaara Mining Company is an internationally significant base metals producer
with its primary focus on nickel and zinc using a technology known as
bioheapleaching to extract metals out of ore. Bioheapleaching makes extraction
of metals from low grade ore economically viable. The Talvivaara deposits
comprise one of the largest known sulphide nickel resources in Europe. The ore
body is estimated to support anticipated production for several decades.
Talvivaara has secured a 10-year off-take agreement for 100 per cent of its main
output of nickel and cobalt to Norilsk Nickel and entered into a long-term zinc
streaming agreement with Nyrstar NV. Talvivaara is listed on the London Stock
Exchange Main Market and NASDAQ OMX Helsinki. Further information can be found
at www.talvivaara.com.
Talvivaara annual results review for the year ended 31 Dec 12 14.2.12:
http://hugin.info/136227/R/1678708/547988.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Talvivaaran Kaivososakeyhtiö Oyj via Thomson Reuters ONE
[HUG#1678708]
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