28.12.2018

Ore production at Endomines’ Friday gold mine in Idaho, USA, has started

Press release (PDF)

Endomines AB, Stock Exchange Release 28 December 2018 at 07:00 CET

Ore production at Endomines’ Friday gold mine in Idaho, USA, has started in December, as planned. By the date of this announcement, some 700 tonnes of ore have been produced and hauled to the processing site.

Equipment module installations and deliveries at the processing plant are currently ongoing and initial gold concentrate production is anticipated to start in late January 2019. The tailings area located next to the processing plant was completed already early December. Ramp-up of both the mine and concentrate production is planned to take place during the first quarter of 2019.

The Friday mine project commenced in March 2018 right after the asset had been acquired. The project has since progressed well and achieved the key milestone of first ore production clearly ahead of the original target of one year after the acquisition, i.e. the end of February 2019.

“I am proud to announce that ore production at our Friday gold mine in Idaho, USA, has started. The mine project has progressed in an exceptional fashion and achieved the key milestone of first ore production well ahead of the original schedule”, says Saila Miettinen-Lähde, CEO of Endomines.

 
Contact person

Saila Miettinen-Lähde, CEO, +358 40 548 36 95, saila.miettinen-lahde@endomines.com

This information is information that Endomines AB is obliged to make public pursuant to the EU Market Abuse Regulation. This information was submitted for publication through the contact person set out above at 07:00 CET on 28 December 2018.

About Endomines
Endomines is a mining and exploration company with its primary focus on gold. The Company explores for gold along the Karelian Gold Line in Eastern Finland and develops mining operations in Idaho, USA. Endomines aims to improve its long-term growth prospects by increasing its exploration activities and through acquisitions. Endomines aims to acquire deposits that are situated in stable jurisdictions and can be brought to production rapidly with limited investments.

The shares trade on Nasdaq Stockholm (ENDO) and Nasdaq Helsinki (ENDOM).