Auriant Mining finished 2012 with a strong production and a positive EBITDA result. During 2012 the company has successfully transformed to a more stable miner with good growth prospects. Redeye expects increased production and stronger profitability in 2013 and onwards. There are still challenges remaining, mainly increasing production and profitability in Solcocon which underperformed in 2012. However, a strong performance from the new management team and an improved financial position makes a great starting point for 2013. We have increased Rating of Potential reward and Secure investment.