PRESS RELEASE, 10 December 2012
During November 2012, the gold production at the Laiva mine amounted to 120 kilos. The availability of the concentrating plant was 92 per cent.
The main reason for the increased production was particularly the improved availability. Throughput in the grinding circuit, while in operation, was between 70 and 80 per cent of the designed capacity. The gold recovery was 83 per cent during the month while the gold content in the ore processed amounted to 1.2 grams per tonne.
The total gold production January through November 2012 amounted to 853 kilos.
According to plan, a longer operational stop of at least three days will be performed during December.
For further information contact:
Thomas Cederborg, CEO, +46 708 480 521
Susanne Andersson, CFO, +46 730 668 904
For further information regarding Nordic Mines, please connect to; www.nordicmines.se
The information above has been made public in accordance with the Securities Market Act and/or the Financial Instruments Trading Act. The information was published at 08.00 (CET) on December 10, 2012.
Nordic Mines is a Nordic mining and exploration company whose goal is to be one of the leading gold producers in Europe and a role model in respecting the environment. The company started mining gold in the Laiva mine in Finland in summer 2011. These gold deposits are among the largest in the Nordic region. Exploration is in progress in Finland and Sweden. Nordic Mines has 120 employees and its head office is in Uppsala. The Nordic Mines share is traded on the Nasdaq OMX Mid Cap list in Stockholm.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Nordic Mines AB via Thomson Reuters ONE