The Laiva mine produced 78 kilos of gold during September 2012

Tue Oct 9, 2012 2:00am EDT

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PRESS RELEASE, 09 October 2012

During September 2012, the gold production at the Laiva mine amounted to 78 kilos and the total production during the third quarter reached 254 kilos of gold.

The availability of the concentrating plant was 71 percent during September, due to among others recurring disruptions of the paste plant. Throughput in the grinding circuit was between 70 and 80 percent of the designed capacity. The gold recovery was 86 percent during the month while the gold content in the ore processed amounted to 1.1 grams per tonne.

During the first nine months of the year the total gold production at the Laiva mine in Finland amounted to 646 kilos.

For further information contact:

Michael Nilsson, CEO, +46 18 84 345 01

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 Oct 9, 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 118 employees and its head office is in Uppsala. The Nordic Mines share is traded on the Nasdaq OMX Mid Cap list in Stockholm.




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Source: Nordic Mines AB via Thomson Reuters ONE

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