The Laiva mine produced 85 kilos of gold during July 2012.
(Thomson Reuters ONE) -
Press release, August 9 2012
In July 2012 the production of gold at the Laiva mine was preliminarily 85
kilos. During the month of July the production reached just over four kilos per
day during the best days. The target is to reach a more sustained production
rate of five kilos of gold per day before the end of August.
The accumulated gold production at the Laiva mine in Finland was 475 kilos for
the first seven months of the year.
The production during July turned out lower than planned due to several stops
for adjustments in the plant. Two longer breaks were caused by strikes of
lightning, which resulted in damages to electrical components that had to be
replaced.
During the first part of August, production has been stopped for a few days due
to extreme rainfall in the area. The amount of rain between the third and
seventh of August was equivalent to a fourth of the average yearly precipitation
in the area. Despite the heavy rain, no water from the mining area has been
disposed to the surroundings.
For further information contact:
Michael Nilsson, CEO, +46 18 84 345 01
For further information regarding Nordic Mines, please connect to;
www.nordicmines.se
Uppsala, August 9 - 2012
Nordic Mines AB (publ)
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 1.30 pm (CET) on Aug 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 86 employees
and its head office is in Uppsala. The Nordic Mines share is traded on the
Nasdaq OMX Mid Cap list in Stockholm.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Nordic Mines AB via Thomson Reuters ONE
[HUG#1633013]
Unternehmensinformation / Kurzprofil:
Datum: 09.08.2012 - 13:10 Uhr
Sprache: Deutsch
News-ID 173305
Anzahl Zeichen: 2698
contact information:
Town:
Uppsala
Kategorie:
Business News
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"The Laiva mine produced 85 kilos of gold during July 2012."
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