GlobeNewswire by notified

Afarak Group: Production report Q1 2024

Share


15:30 London, 17:30 Helsinki, May 06 2024 - Afarak Group SE (“Afarak” or “the Company”) (LSE: AFRK, NASDAQ: AFAGR)

Production report Q1 2024

Afarak Group production during the first quarter of 2024 was higher by 9.7% when compared to same period of last year.

Q1/2024Q1/2023ChangeFY 2023
Speciality Alloys mt23,41124,359-3.9%86,834
Processingmt6,9017,581-9.0%21,179
Miningmt16,51016,778-1.6%65,655
South African minesmt70,27861,045 15.1%270,946
Miningmt70,27861,04515.1%270,946

Processing

  • The processing volumes decreased by 9.0% during the first quarter of 2024 when compared to the first quarter of 2023. This was due to a maintenance which had to be carried out due to a minor technical issue.

Mining

  • The overall mining activity increased significantly when compared to same period of last year mainly due to an increase in the tonnes mined in South Africa. The output increased in South Africa due to the continued favourable prices in the Ore market.
  • Mining activity at the Turkish mines remained constant with the levels observed during the corresponding period of 2023, with a marginal decrease of 1.6%.

Helsinki, May 06, 2024

AFARAK GROUP SE

Board of Directors

For additional information, please contact:

Afarak Group SE

Guy Konsbruck, CEO, +356 2122 1566, guy.konsbruck@afarak.com

Financial reports and other investor information are available on the Company's website: www.afarak.com.

Afarak Group is a specialist alloy producer focused on delivering sustainable growth with a Speciality Alloys business in southern Europe and a FerroAlloys business in South Africa. The Company is listed on NASDAQ Helsinki (AFAGR) and the Main Market of the London Stock Exchange (AFRK).

Distribution:
NASDAQ Helsinki
London Stock Exchange
Main media

www.afarak.com

Attachment

To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://notified.com

GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

Fortuna publishes its 2023 Sustainability Report30.5.2024 11:00:00 CEST | Press release

VANCOUVER, British Columbia, May 30, 2024 (GLOBE NEWSWIRE) -- Fortuna Silver Mines Inc. (NYSE: FSM | TSX: FVI) is pleased to announce the publication of its sixth annual sustainability report which details the Company’s performance on key environmental, social, and governance (ESG) indicators during 2023. The report also includes dedicated sections on Fortuna’s sustainability management and initiatives at each of the Company’s operating mines as well as the contributions made within the countries that host our operations in the Latin America and West Africa regions. Also included is an ESG data section containing disclosure under sustainability accounting Standards Board (SASB) Metals and Mining Standard, the Task Force on Climate-Related Financial Disclosures Recommendations (TCFD), and the Global Reporting Initiative (GRI) standard. Jorge A. Ganoza, President and CEO of Fortuna, commented, “In 2023, we have made significant progress with respect to tailings management, climate change

Scape Technologies A/S – forløb af ordinær generalforsamling30.5.2024 10:57:49 CEST | pressemeddelelse

Nasdaq First North Growth Market Denmark Selskabsmeddelelse nr. 69/2024 Odense, 30. maj 2024 Scape Technologies A/S – forløb af ordinær generalforsamling Der er i dag afholdt ordinær generalforsamling i Scape Technologies A/S med følgende dagsorden: 1. Valg af dirigent 2. Fremlæggelse af den reviderede årsrapport til godkendelse 3. Beslutning om anvendelse af overskud eller dækning af underskud i henhold til den godkendte årsrapport 4. Valg af medlemmer til bestyrelsen 5. Valg af revisor 6. Eventuelle forslag fra bestyrelse og aktionærer Forslag om afnotering fra Nasdaq First North Growth Market DenmarkForslag om nedsættelse af aktiekapitalen Selskabets aktionærer godkendte årsrapporten og den foreslåede resultatdisponering. Bestyrelsens medlemmer blev genvalgt. Selskabets revisor, Deloitte Statsautoriseret Revisionspartnerskab, blev genvalgt. Generalforsamling godkendte afnotering af selskabets aktier fra Nasdaq First North Growth Market Denmark. Selskabet vil nu anmode Nasdaq First N

Copenhagen Capital A/S – Kapitalnedsættelse30.5.2024 10:36:40 CEST | pressemeddelelse

Selskabet oplyser, at bestyrelsen har truffet beslutning om at gennemføre kapitalnedsættelsen med annullation af nom. kr. 8.684.791 8% præferenceaktier 2024 vedtaget på selskabets generalforsamling den 29. april 2024. Kapitalnedsættelsen er efterfølgende registreret i Erhvervsstyrelsen. Selskabets aktiekapital er herefter i alt nominelt kr. 62.027.010. Aktiekapitalen er opdelt i nominelt kr. 49.019.913 stamaktier og nominelt kr. 13.007.097 40% præferenceaktier 2032. Opdaterede vedtægter vedhæftes. Med venlig hilsen Copenhagen Capital A/S Direktør Rasmus Greis Telefon: +45 70 27 10 60 Email: rg@copenhagencapital.dk Vedhæftede filer 20240530 Kapitalnedsættelse20240530 - Vedtægter - Copenhagen Capital AS

HiddenA line styled icon from Orion Icon Library.Eye