Deutsche Rohstoff AG
Deutsche Rohstoff AG: Almonty publishes Financial Statements for the year ended September 30, 2015
Deutsche Rohstoff AG / Key word(s): Miscellaneous 10.02.2016 11:44 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Deutsche Rohstoff: Almonty publishes Financial Statements for the year ended September 30, 2015 Heidelberg/Toronto. Almonty Industries (14.02% owned by DRAG) today filed the 2015 Financial Statements and the MD&A for the year ended September 30. All documents can be found at http://www.almonty.com. Revenue increased by 18% to 36.1 Mio. Canadian Dollar (CAD) - (previous year: 29.6 Mio CAD). The company is showing a loss for the year of 19.5 Mio. CAD (previous year: profit of 10.4 Mio CAD). The negative result is primarily due to low tungsten prices and resulting impairments on the value of existing mines and stockpiled material. The equity capital on 30. September 2015 amounted to 49 Mio. CAD, the equity ratio is at 42%. Thomas Gutschlag, CEO of Deutsche Rohstoff AG, commented: "The weak result of Almonty does not come as a surprise given the continuing low commodity price environment. Despite this Almonty has continued the expansion strategy with the acquisition of the Panasqueira Mine and the extended loan facility arrangement announced earlier this year. We are convinced that Almonty will be one of the winners coming out of the current phase of market consolidation." The Almonty group now consists of the three producing mines in Los Santos (Spain), Panasqueira (Portugal) and Wolfram Camp (Australia) as well as the two development projects Sangdong (South Korea) and Valtreixal (Spain). Heidelberg, 10 February 2016 Deutsche Rohstoff identifies, develops and divests attractive resource projects in North America, Australia and Europe. The focus is on the development of oil and gas opportunities within the United States. Metals, such as gold, copper, rare earth elements, tungsten and tin complete our portfolio. For more information please visit www.rohstoff.de. Contact: Deutsche Rohstoff AG Thomas Gutschlag Tel. +49 6221 871 000 info@rohstoff.de 10.02.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Deutsche Rohstoff AG Friedrich-Ebert-Anlage 24 69117 Heidelberg Germany Phone: 06221-87100-11 Fax: 06221-87100-22 E-mail: gutschlag@rohstoff.de Internet: www.rohstoff.de ISIN: DE000A0XYG76, DE000A1R07G4, WKN: A0XYG7, A1R07G Indices: Entry Standard (Performance TOP 30) Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart; Open Market (Entry Standard) in Frankfurt End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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