Endomines’ Friday mine project progressing towards production start-up ahead of schedule in December 2018
Endomines AB, Stock Exchange Release 10 October 2018 at 08:30 CEST
Endomines is pleased to announce that its wholly owned subsidiary Endomines Oy has agreed on terms of an agreement to sell and deliver all of its flotation gold concentrate production from the Pampalo Gold Mine to Boliden Harjavalta, Finland.
With the competition Endomines did challenge the worldwide mining and exploration community to innovative and out-of-box thinking and to come up with new ideas for exploration targets and models.
Endomines will adapt to the current gold price by introducing Selective Mining in order to improve profitability
During 2016, the company intends to mine and process approximately 125,000 tonnes of high-grade ore.
Endomines Oy has today received an environmental permit decision from the Eastern Finland Regional State Administrative Agency ("AVI") relating to the Rämepuro satellite mine mining.
Endomines has carried out the planned exploration drilling programme at its properties along Karelian Gold Line, near Ilomantsi, in Eastern Finland. The Company is pleased to release assay results received from all drilled areas outside Pampalo permit area, which have not been previously published.
NASDAQ OMX Helsinki has approved Endomines AB (publ) (“Endomines”) to be listed on the main list. Endomines filed the application on 2 May 2013 and the first day of trading in Endomines' share on NASDAQ OMX Helsinki is planned to be on 14 May 2013. Endomines shall maintain its primary listing on NASDAQ OMX Stockholm where the share will keep the same ticker as before, i.e. “ENDO”. On NASDAQ OMX Helsinki the short name will be “ENDOM”. The share will keep the same ISIN as before, i.e. SE0001803131. No new shares are issued in connection with the secondary listing. Those shareholders, who have purchased their shares in Sweden and want to trade these in Finland at NASDAQ OMX Helsinki, shall transfer their shares to custody in the Finnish book-entry system. Shareholders are referred to their Finnish account operator for help in this matter. More information can be found in the prospectus that has been prepared in connection with the secondary listing and has been approved by the Swedish FSA (Finansinspektionen). The prospectus will be passported to Finland, which is a condition for the approval of the secondary listing by NASDAQ OMX Helsinki. The prospectus is available on Endomines’ website, www.endomines.com, and on Pareto Öhman’s website, www.paretosec.com. ”A listing of our shares in Helsinki will make it easier for Finnish investors to invest in our shares. I believe Endomines is an interesting investment for many Finns, since we have shown a steady progress in our gold production since the mining commenced. Also, we have a proven track record of meeting our goals and delivering according to plan”, Markus Ekberg, CEO of Endomines comments. Pareto Öhman AB is acting as financial advisor and Cederquist as legal advisor to Endomines in connection with the listing.
This is a further step in Endomines’ strategy to focus its operations and become a streamlined gold producing and exploration company.
Aimed at Swedish and international investors of up to 7,944,000 shares.
The shares of Endomines are currently traded on NASDAQ OMX Stockholm...
At the upcoming Annual General Meeting on 23 April 2013 the Nomination Committee of Endomines AB will propose the election of Mr. Mati Sallert and Mr. Stefan Månsson as new members of the Endomines Board of Directors.
“The Pampalo mine gold production in 2012 was 867 kg but the total contained gold in the Pampalo ore reserves was reduced only by 235 kg. This is the result of successful continuous mine site exploration which during 2012 nearly replaced the mined ore reserves” comments Markus Ekberg, CEO of Endomines.
Test Runs of the Process Plant Expansion Have Commenced at Pampalo – Capacity Increase Possible with Current Permit
Endomines has completed the installation of the new processing equipment of the processing plant and commenced the test runs for the increased capacity at its Pampalo Gold Mine Processing plant. The second grinding mill and increased flotation capacity will increase plant processing throughput to 45-50 tonnes/hour (annualized 380 000 tpa) before the end of February 2013.
Endomines to increase Pampalo processing plant capacity Endomines and postpones shift to OMX Stockholm main list
The Board of Directors of Endomines AB has today taken the decision to proceed with increasing production capacity at Pampalo up to a maximum of 450,000 tonnes per annum.