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Riddarhyttan
RESOURCES
HISTORY
2001
2002
2000
1999
1997 inwith
1998
• In January
Extensive
drilling
a newinshare
the Suurikuusikko
issue provided
Field
the resulted
company
an increase
MSEK 24of
ofthe
new
resources
capital. The
to 11.5
equity
•million
listed
on5.4
the
Stockholm
Stock
Exchange’s
O list.
generated
tonnes
a great
grading
deal
ofg/t.
public
and
the
oversubscribed
by 5 million
•• Riddarhyttan
Riddarhyttan
sold
its
ininterest
Svenska
Koppar
AB. was
The
sale
capital
gains shares.
of
Riddarhyttan
Riddarhyttan
won
listedthe
onholdings
international
the
Stockholm
tender
Stock
for
Exchange’s
theissue
Suurikuusikko
SBI
list.generated
Field (1.5 million
tonnes
MSEK
16.9
increased
assets
byfor
MSEK
18.7.
•The
Riddarhyttan
applied
a liquid
mining
permit
the granted
Suurikuusikko
deposit.were estimated to 8.3
grading
5.9 and
grams
of for
gold
per
tonne).
•• After
Environmental
continued
drilling
Permit
during
for
Suurikuusikko
the
year3.5
the
resources
was
at in
Suurikuusikko
the autumn.
Profit
after financial
items
were
MSEK
and
the Group
losses
after tax were MSEK -2.4. At
million
tonnes
grading
6.1
g/t.
•• The
Riddarhyttan
drilled
59
holes
in
Suurikuusikko
increasing
the
resources
to 5.5
tonnes
Group
profits
after
taxthe
were
MSEK
0.16
andyear
profits
after
financial
items
amounted
toa
Drilling
year-end
liquid
out
assets
by Riddarhyttan
amounted
to during
MSEK
48.
the
increased
the resources
to million
2.7
During
thecarried
summer
months
company
received
a capital
contribution
of MSEK
34 million
from
grading
6.2
g/t
.
MSEK
8.9.
Liquid
ataimed
year-end
wereAmerican
MSEK
5.8.and Asian
tonnes
grading
6.6assets
g/t. international
• Riddarhyttan
special
issue
ofwins
new
two
shares
at North
tenders
and acquires
the Oijärvi
institutional
occurrences
investors.
(together
with
Resources)
as
well
as the
gold
occurrences
in
the amounted
Iso-Kuotko
•• Group
ProfitTroy
were
MSEK
The
Group
profits
after
were
MSEK
12.5 and liquid
assets
at yearlosses
after8.0.
taxwas
were
MSEK
-7.2
and
thetax
liquid
assets
toarea.
MSEK
33.3.
The Board
of Directors
strengthened
during
the
year
by the
election of
Pertti
Voutilainen,
end amounted to MSEK 37.0.
• A new issue
Lars-Eric
Aaro of
and
40Thomas
million shares
Lifvendal.
provided MSEK 50, before issuing costs. Once again, there
was great public interest and the issue was oversubscribed by 11 million shares.
The Group losses after tax were MSEK -13.3. Liquid assets and current assets at the end of the
• Theamounted
year
Group losses
to MSEK
after41.0.
tax were MSEK -12.3. The profits after financial items were MSEK 0.8
and liquid assets at year-end amounted to MSEK 40.8.
Riddarhyttan
RESOURCES
SHAREHOLDERS
(AS OF 31 DECEMBER 2002)
SHARE HOLDER
NUMBER OF
SHARES
SHARE OF
VOTES
Foreign shareholders and trustees
21 698 415
24,1
Dunross & Co
20 58 5672
22,9
Jaan Kaber
1 723 000
1,9
Hagströmer & Qviberg
1 504 307
1,7
Najaden Dataleasing AB
1 232 000
1,4
Crevicon Byggutveckling AB
596 474
0,7
Thomas Krishan
554 500
0,6
Jan Blomqvist
509 400
0,6
Måns Bodin
508 000
0,6
Granström Gunnar companies
500 000
0,6
40 588 232
44,6
Others
Riddarhyttan
RESOURCES
SHARE PRICE PERFORMANCE
Riddarhyttan has been listed on the Stockholm Stock Exchange's O-list
since April 2000 with the call letters ”RHYT”.
SEK
5.0
4.5
4.0
3.5
3.0
Aug
Sept
Okt
Nov
Dec
Jan
Feb
March April
May
June
July
During the period 1 January through 30 December 3002 the share price increased by 93%.
The years lowest price quoted was SEK 2.30 and the highest price quoted was SEK 4.80.
• Iso-Kuotko
Riddarhyttan
RESOURCES AB
Environmental and mining permits
Riddarhyttan has received:
• In November 2002: an environmental permit to mine and process the
ore at Suurikuusikko.
• In January 2003: a mining permit for the deposits in the central part of
the Suurikuusikko Field.
All permits are now in place to start exploiting the deposits
in Suurikuusikko Field.
Riddarhyttan
RESOURCES
Demand exceeds mine production
4 000
3 500
3 000
Ton
2 500
Consumption
2 000
Production
1 500
1 000
500
0
1997
Källa: World gold Council & USGS
1998
1999
2000
2001
2002
Riddarhyttan
RESOURCES
Historical development of the gold price