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Finland


Our mines in Finland

The cornerstone of our business is the gold production in the Pampalo area and the surrounding gold deposits on the Karelian gold line, which runs through the municipality of Ilomantsi in the Eastern Finland. The zone is over 40 kilometres long and mostly five kilometres wide gold-bearing greenstone belt.

Most of the mineral exploration in the area was carried out by the Geological Survey of Finland (GTK) in the 1990s. There are several verified gold mineralizations in the area, the largest of which is Pampalo. We are increasing our production by developing the known deposits in the area.

Pampalo mine

At Pampalo we have an underground mine and an open pit mine.

Hosko

In Hosko, an open pit mine was opened at the beginning of 2024, and the decision to expand the mine underground was made in the fall of 2024.

Mining in Finland is governed by legislation

Exploration and mining are regulated by Finnish legislation, such as the Environmental Protection Act, the Land Use and Building Act and the Water Act. In addition, companies’ responsible operations are governed by EU directives on sustainable development and reporting obligations. As a result, mining in Finland is responsible and safe. Mining operations always require a mining permit and mining safety permit issued by Tukes, the Finnish Safety and Chemicals Agency, and an environmental permit issued by the ELY Centre. The declaration of reservation gives the right to apply for a mining permit, but a mere mining permit does not guarantee a mining licence. A mining permit allows drilling and exploration for minerals in the ground.  The mining application must also specify the measures to be taken to close the mine and to finance the closure. The guarantees for closure are already provided for in both the Mining Act and the Environmental Protection Act. 

Ore from the mine is trans­por­ted to the proces­sing plant

The production process consists of mining, crushing, processing and removal of water. During the processing, unusable minerals are removed from the ore.

Ore is processed by the flotation method