2013-01-09 08:00:32 -
PRESS RELEASE, 9 January 2013
During December 2012, the gold production at the Laiva mine amounted to 78
kilos. The availability of the concentrating plant was 61 per cent.
The main reason for the decreased production was the reduced availability due to
a planned operational stop that took three days and additional unplanned
operational stops due to consequences from a minor leakage of tailings along the
tailing pipe and unannounced power cuts in conjunction with cold weather
Throughput in the grinding circuit, while in operation, was between 70 and 80
per cent of the designed capacity. The gold recovery was 82 per cent during the
month while the gold content in the ore processed amounted to 1.2 grams per
The total gold production for the full year 2012 amounted to
For future, the monthly production reports will be replaced by quarterly reports
in accordance with industry practice. Next quarterly results will be published
February 13, 2013. Next production report for the first quarter 2013 will be
published April 12, 2013.
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;
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 January 9, 2013.
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.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. 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