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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

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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. [phone]
[e-mail]


10.02.2016 The DGAP Distribution Services include Regulatory Announcements,
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Language: English
Company: Deutsche Rohstoff AG
Friedrich-Ebert-Anlage 24
69117 Heidelberg
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
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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