The Laiva mine produced 120 kilos of gold during November 2012
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, +46Â 708Â 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.
This announcement is distributed by Thomson Reuters on behalf of
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(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
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