Norway's Nordic Mining posts Q1 operating loss

Nordic Mining ASA

12/05/2026 07:12

Overview

Norway resource company's Q1 operating loss was NOK 156 mln amid gradual mineral recovery ramp-up

Company reported improved plant uptime and throughput at Engebø Rutile & Garnet

Outlook

Company says focus is on lifting mineral recovery to drive production volumes this year

Result Drivers

PLANT UPTIME & THROUGHPUT - Co reported significantly improved uptime and throughput stability at Engebø following operational improvements and technical adjustments

GRADUAL MINERAL RECOVERY - More gradual ramp-up in mineral recovery led to limited sales volumes and shifted near-term revenue timeline

COST MANAGEMENT - Higher plant throughput brought increased costs, which co said it is managing carefully

Company press release: ID:nWkr2BLhKP

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Operating result
-NOK 156 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)