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Auriant Mining AB (publ.) publishes 9m 2021 operational update

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Auriant Mining AB (publ.) publishes
9m 2021 operational update

Highlights:

In 9m 2021, total hard rock gold production was 680.0 kg (21,862 oz), compared to 750.0 kg (24,112 oz) in 9m 2020, a decrease of 9%, or 70 kg (2,250 oz), but in line with the 2021 production plan;

• 9m 2021 gold sales were 614.3 kg (19,749 oz), compared to 760.3 kg (24,443 oz) in 9m 2020, a decrease of 146.0 kg (4,694 oz), or 19%;

• 324.2 thousand tonnes of ore was processed with an average grade of 2.17 g/t;

• The CIL plant was operating at the targeted throughput rate of 50 tonnes per working hour (>50 t/hour) and at the higher recovery rate of 93.1%;

• 316.3 thousand tonnes of ore were mined in 9m 2021, compared to 273.8 thousand tonnes in 9m 2020, an increase of 42.5 thousand tonnes or 16%. Stripping volume in 9m 2021 was 1 299.3 thousand m3 (+615.4 thousand m3, or 90% more than in the 9m of 2020);

• The average grade in 9m 2021 was 2.16 g/t, compared to 2.47 g/t in 9m 2020, a decrease of 12%. The mined average grade corresponds to the Company’s targets.

  • In general, we were on track to achieve the 2021 Production Forecast of 900 - 930 kg, previously announced.

Production

Production unit

Q3 2021

Q3 2020

Change

9m 2021

9m 2020

Change

kg

oz

kg

oz

kg

oz

%

kg

oz

kg

oz

kg

oz

%

Hard rock

Tardan (CIL)

233.7

7,513

229.0

7,363

4.7

150

2%

680.0

21,862

750.0

24,112

-70.0

-2,250

-9%

Alluvial

Staroverinskaya

6.8

217

5.4

172

1.4

45

26%

15.4

494

5.4

172

10.0

322

187%

Total gold produced

240.4

7,730

234.4

7,535

6.1

196

3%

695.3

22,355

755.4

24,285

-60.0

-1,930

-8%

Tardan

Unit

Q3 2021

Q3 2020

Change

9m 2021

9m 2020

Change

Mining

Waste stripping

000 m3

525.5

255.1

270.4

106%

1 299.3

683.9

615.4

90%

Ore mined

000 tonnes

157.3

122.4

34.9

29%

316.3

273.8

42.5

16%

Gold in Ore

kg

322.8

304.3

18.5

6%

684.3

676.4

7.9

1%

Average grade

g/t

2.05

2.49

-0.44

-18%

2.16

2.47

-0.31

-12%

CIL

Ore processing

000 tonnes

117.3

95.3

22.0

23%

324.2

290.8

33.4

11%

Grade

g/t

2.05

2.58

-0.53

-21%

2.17

2.77

-0.60

-22%

Gold in ore processing

kg

240.2

245.4

-5.2

-2%

703.0

806.2

-103.2

-13%

Gold produced CIL

kg

233.7

229.0

4.7

2%

680.0

750.0

-70.0

-9%

Opening WIP (gold)

kg

10.2

26.7

Closing WIP (gold)

kg

1.2

1.2

Recovery

%

93.5%

93.3%

0.2%

0.2%

93.1%

93.0%

0.1%

0.1%

Warehouse on Sep 30

Ore

000 tonnes

93.5

91.0

2.5

3%

93.5

91.0

2.5

3%

Grade

g/t

2.00

2.02

-0.02

-1%

2.00

2.02

-0.02

-1%

For more information, please contact:

Danilo Lange, CEO
Tel: +7 495 109 02 82
E-mail: d.lange@auriant.com

Company name: Auriant Mining AB Short name: AUR
ISIN-code: SE0001337213

Website: www.auriant.com
www.facebook.com/AuriantMining/

Auriant Mining AB (AUR) is a Swedish junior mining company focused on gold exploration and production in Russia, primarily in Zabaikalye and the Republics of Khakassia and Tyva. The company has currently four assets, including two operating mines (Tardan and Alluvial at Staroverinskaya), one early stage exploration asset and one development asset.

Since July 19, 2010, Auriant Mining´s shares are traded on Nasdaq First North Premier Growth Market under the short name AUR. For more information, please visit www.auriant.com. G&W Fondkommission is Certified Adviser to Auriant, for more information please call +46 8 503 000 50, e-mail CA@gwkapital.se or visit www.gwkapital.se.

This information is information that Auriant Mining AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 18.00 CET on October 13th, 2021.

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