Financial targets and outlook

Outlook for the financial year 2025

We estimate gold production to be between 16,000 and 22,000 oz (497.7 kg – 684.3 kg). 

In 2024, Endomines produced 14,304 ounces (444.9 kg) of gold. Production growth is estimated to be greater during H2-2025.

Our long-term targets:

• 1.5-2.0 million oz gold resources will be defined on the Karelian Gold Line by the end of 2030.

• Annual gold production level of 70,000-100,000 ounces around 2030.

• Initiation of production of tungsten, a critical mineral listed by the EU, and molybdenum, an important industrial mineral, around 2030.

• Fossil-free gold production by 2035.