Gruvaktiebolaget Viscaria (VISC) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

in Kiruna. It's here where everything starts. Every day new drill cores come up here. We drill 24-7 and have done so since May 2020 and have today an impressive amount of more than 200,000 meters drilled. A unique number for a company of our site in the international mining industry. This has indeed been a milestone quarter for Viscaria. Of course, the main cornerstone was with all permits gaining full legal force on April 16th. Follow up by that we released our first resource statement and also a resource upgrade on May 8th where we confirmed higher copper grades, increased tonnage and an impressive growth potential. We have now gone from planning to full implementation. The organization continues to grow, and we also have impressive new additions to our board in the form of Lars Hercaro and Mark Johnson. And even if Mark has been introduced to you before, I think it's well noted to remind you that he is the chief operating officer of one of the world's largest copper mines, Grasberg in Indonesia. And with more than 40 years of experience within the copper mining industry, he has, of course, brought a wealth of experience and network and competence to our company, which is hugely beneficial for us. Other milestones during the second quarter is that we have signed a 45 megawatt grid agreement with Vattenfall. Our water treatment plant is close to be completed, and the pumps will start on 1st of October, and we can do the dewatering. We have also started with construction of the new tailings dam and the rail yard, and also with the groundworks for the concentration plant. All this means that there's a huge amount of activities out on site, with more than 150 subcontractors working on site, more than 40 heavy machines and excavators and mobile crushers, and we are crus...