Nordic Mining Q2 operating loss widens to NOK 154.3 million

Reuters2026/08/18 06:00

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Nordic Mining posted a Q2 operating loss of NOK 154.3 million, with operating expenses of NOK 122.1 million.
Cash ended the quarter at about NOK 150 million; operating cash flow was negative on limited output and no recognized revenue.
Engebø produced 1,262 tonnes of rutile and 10,127 tonnes of garnet; ramp-up lagged plans, prompting a more conservative production profile.
Liquidity headroom runs to Sept. 4, 2026; the group is seeking USD 10-15 million to fund operations through November.
CEO Finn Ivar Marum said talks with bondholders and shareholders are under way to reach a “balanced, sustainable solution.”

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nordic Mining ASA published the original content used to generate this news brief via Cision (Ref. ID: 20260817:BIT:8689:0) on August 18, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Nordic Mining Q2 operating loss widens to NOK 154.3 million

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