The Laiva mine produced 87 kilos of gold during October 2012

Fri Nov 9, 2012 9:55am EST

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PRESS RELEASE, 9 November 2012

During October 2012, the gold production at the Laiva mine amounted to 87 kilos.  Highest daily production was 5,7 kilos of gold and the daily production, with plant in operation, averaged 4,4 kilos per day.

The availability of the concentrating plant was 64 per cent during October; the main reasons were recurring disruptions at the paste plant during the beginning of the month and a, longer than planned, maintenance stop for the yearly change of liners in the primary mill. Throughput in the grinding circuit was between 70 and 80 per cent of the designed capacity, at the higher end in the later part of the month. The gold recovery was 86 per cent during the month while the gold content in the ore processed amounted to 1.2 grams per tonne.

During the first ten months of the year the total gold production at the Laiva mine in Finland amounted to 733 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 15.00 (CET) on Nov 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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