Endomines’ strategy focuses on growth
Endomines is a mining and exploration company with its primary focus on gold. We have a gold mine in Pampalo, exploration activities along the Karelian Gold Line in Eastern Finland and we develop mining operations in Idaho, USA.
Endomines also aims to improve its growth prospects through mergers and acquisitions. We aim to broaden our resource base by acquiring assets in stable jurisdictions, preferably with a relatively short time to production and with limited capital expenditure requirements. As the first step in early 2018, we completed the acquisition of TVL Gold, which holds rights to five gold projects in Idaho, USA. Endomines anticipates to begin production at the first of the mines, Friday, within a year of the acquisition.
We are targeting to develop profitable mining operations with positive cash flows that enable further development and growth of the business. For investors Endomines offers long-term growth and value accretion potential, but as our ambitions are on growth we do not envision paying dividends in the short to medium term.