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    EPI A   SE0015658109

EPIROC AB (PUBL)

(EPI A)
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Epiroc : wins large equipment order for greenfield mine in Canada

10/15/2021 | 02:31am EST

Stockholm, Sweden: Epiroc, a leading productivity and sustainability partner for the mining and infrastructure industries, has won a large order for surface mining equipment from IAMGOLD Corp. in Canada that will optimize safety and productivity through advanced automation. The machines will be used in production at a greenfield gold mine currently under construction. 

IAMGOLD has ordered several Pit Viper 231 and SmartROC D65 drill rigs for use at Côté Gold in Ontario, Canada, an open pit gold mine that is currently under construction and expected to start production in the second half of 2023. The Pit Vipers will be fully autonomous. The SmartROC D65 rigs are prepared for remote operation.

The order is valued at approximately MSEK 130 and was booked in the third quarter 2021.

"IAMGOLD, a returning Epiroc customer, is taking safety, sustainability and productivity extremely seriously," says Epiroc's President and CEO Helena Hedblom. "As IAMGOLD is preparing a new exciting mine project, we are proud to contribute to their success with our advanced machines and solutions for autonomous operation." 

The Pit Viper 231 and SmartROC D65 surface drill rigs are built to face the toughest conditions while optimizing productivity, safety and fuel efficiency. Advanced features include Epiroc's telematics system Certiq, which allows for automated and intelligent monitoring of productivity and machine performance. Read more about Pit Viper 231 here and about SmartROC D65 here.


Epiroc's Pit Viper 231 drill rigs will be fully autonomous in operation by IAMGOLD

For more information please contact:
Ola Kinnander, Media Relations Manager
+46 70 347 2455
media@epiroc.com

Epiroc is a vital part of a sustainable society and a global productivity partner for mining and infrastructure customers. With ground-breaking technology, Epiroc develops and provides innovative and safe equipment, such as drill rigs, rock excavation and construction equipment and tools for surface and underground applications. The company also offers world-class service and other aftermarket support as well as solutions for automation, digitalization and electrification. Epiroc is based in Stockholm, Sweden, had revenues of SEK 36 billion in 2020, and has 14 000 passionate employees supporting and collaborating with customers in about 150 countries. Learn more at www.epirocgroup.com.

https://news.cision.com/epiroc/r/epiroc-wins-large-equipment-order-for-greenfield-mine-in-canada,c3433342

https://mb.cision.com/Main/16899/3433342/1481173.pdf

https://news.cision.com/epiroc/i/epiroc-pit-viper-231,c2967875

(c) 2021 Cision. All rights reserved., source Press Releases - English

Stocks mentioned in the article
ChangeLast1st jan.
EPIROC AB (PUBL) -1.70% 214.7 Delayed Quote.191.61%
IAMGOLD CORPORATION -0.75% 3.95 Delayed Quote.-15.42%
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Financials
Sales 2021 39 588 M 4 362 M 4 362 M
Net income 2021 6 918 M 762 M 762 M
Net cash 2021 3 362 M 370 M 370 M
P/E ratio 2021 37,8x
Yield 2021 1,43%
Capitalization 249 B 27 319 M 27 382 M
EV / Sales 2021 6,19x
EV / Sales 2022 5,31x
Nbr of Employees 15 198
Free-Float 81,1%
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Mean consensus HOLD
Number of Analysts 21
Last Close Price 218,20 SEK
Average target price 205,90 SEK
Spread / Average Target -5,63%
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Managers and Directors
Helena Hedblom President, Chief Executive Officer & Director
Anders LindÚn Chief Financial Officer, SVP-Controlling & Finance
Ronnie Leten Chairman
Ylva Lindquist Vice President-Compliance
Anders Gerhard Ullberg Independent Director
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