Pampalo's gold production increased by 94.1% compared to the corresponding period last year
Endomines Finland Plc's operational update for January-June 2023:
Endomines Finland Plc, Stock Exchange Release, 5.7.2023, at 15.00 EET
Pampalo gold production in January-June 2023 increased by 94.1% compared to the corresponding period in 2022. Production during H1-2023 was 210.0 kg (108.2 kg) in kilograms, 6,753 oz (3,478 oz) in ounces. In 2022, Endomines produced 267.5 kg, (equivalent to 8,061 ounces) of gold.
Published production volumes are based on preliminary data, final figures may change slightly after final specifications have been received for all deliveries to customers. However, the change is not expected to be significant. For 2023, the company’s production is expected to increase by 35–55% compared to the previous year, in line with the previous guidance.
“Our production continued on a strong growth path in April-June, and we are very pleased about production volume achieved in January-June 2023. Strong production creates a solid foundation to successfully execute other strategic focus areas,” says Kari Vyhtinen, CEO of the company.
Endomines Finland Plc
Further Information:
Kari Vyhtinen, CEO, Endomines Finland Plc.
kari.vyhtinen@endomines.com, +358 40 585 0050
Endomines
Endomines Finland Plc is a Finnish forerunner in sustainable mining. Our mining operations in Pampalo, Ilomantsi region, focus on gold mining and processing, as well as exploration in the Karelian gold line, in Eastern Finland. We also own the rights to seven gold deposits in the US. We produce gold for the jewellery and electronics industries, and we also create value by transforming natural resources into wealth, an investment that withstands the volatility of global politics. We are a growing mining company who embrace new ways of thinking; we want to leave a positive footprint where we operate, which is why our goal is to grow the Karelian gold line into a significant, sustainable gold-producing region. Endomines is listed on the main list of OMX Helsinki (PAMPALO). More information at www.endomines.com