An Extraordinary General Meeting of the shareholders appointed a totally new Board of Directors for IGE on 29 December 2012. Mr. Ulrik Jansson was appointed as chairman, Hans Lindroth, Jukka Kallio and Terje E. Lien became new board members.

IGE Resources AB reported consolidated and parent company earnings results for the first quarter ended March 31, 2013. LBITDA was SEK 6 million compared to SEK 4.5 million a year ago. Net loss attributable to shareholders of the parent company was SEK 6 million compared to SEK 5.6 million in the previous year. The company has a negative cash flow of SEK 62.1 million during the first quarter 2013, mainly referable to the purchase of Ghana Gold. Loss before tax was SEK 6,051,000 compared to SEK 5,788,000 a year ago. Total cash used in operations was SEK 60,740,000 compared to SEK 3,993,000 a year ago. Purchase of intangible assets amounted t SEK 1,298,000 compared to SEK 274,000 a year ago. The parent company's loss before tax during the first quarter of 2013 amounted to SEK 128.4 million compared to SEK 1.7 million. The main part of the loss during the year is attributable to impairments of intergroup receivables. Operating loss was SEK 4,193,000 compared to SEK 1,672,000 a year ago. Loss was SEK 128,399,000 compared to SEK 1,690,000 a year ago.

Chairman Ulrik Jansson and board member Hans Lindroth have announced that they resign from the board of directors in IGE Resources AB. The election of new directors will be on the agenda for the 2013 annual general meeting. In the interim period, Arto Kuusinen will take on the position as the chairman of the board.