Endomines AB (publ): QUARTERLY REPORT (SUMMARY) - For the Period
Ended: 30th June 2009
(Thomson Reuters ONE) - The press release including tables can be downloaded from thefollowing link:Press release (PDF)Endomines AB (publ) ("Endomines") develops and extracts profitablegold and ilmenite deposits in Finland.Summary of operational highlights during the period January-June2009: * Ore reserves have increased 90% during the reporting period. This is equal to 7.7 years' profitable production from the Karelian Gold Line assets. * Mr. Markus Ekberg was appointed CEO of Endomines as from 1st August 2009 * The Finnish Ministry of Employment and the Economy granted an investment subsidy of 28 MSEK (2,5 MEUR) to Endomines in February * In April, Endomines was approved for listing on the First North Premier Exchange * In April, Endomines posted an environmental guarantee in accordance with the requirements under the Pampalo Mine Environmental permit. This will allow for construction of the processing plant to start. * An options program for Endomines senior management was approved at the annual general meeting in April. * Work on securing financing for the Pampalo project is proceeding according to plan.Summary of the financial key figures (thousand SEK):+-------------------------------------------------------------------+| | January - June | April - June ||-----------------------------+-------------------+-----------------|| | 2009 | 2008 | 2009 | 2008 ||-----------------------------+---------+---------+--------+--------|| Result after taxes | -6 553 | -5 168 | -3 512 | -2 781 ||-----------------------------+---------+---------+--------+--------|| Earnings per share (SEK) | -0,36 | -0,28 | -0,19 | -0,15 ||-----------------------------+---------+---------+--------+--------|| Cash flow | -14 667 | -22 209 | -5 006 | -8 543 |+-------------------------------------------------------------------+Full report in Swedish is available on the company's website.For further information, please contact Markus Ekberg, CEO ofEndomines at tel. + 358 40 706 48 50 or website www.endomines.comEndomines AB (public company) explores mineral deposits in Finland.The Company owns mining permits or claims over all the known golddeposits along the Karelian Gold Line, Pampalo mine among otherswherein the Company aims at starting the operation in 2010. Inaddition, Endomines has claims for more gold deposits in FinnishLapland. Besides gold, the Company focuses on industrial mineralilmenite, which seems to have stable demand growth and pricedevelopment. These ilmenite deposits exist in central Ostrobothnia.Endomines applies SveMin's and FAERI's common reporting rules forpublic mining and exploration companies. Endomines has decided toshow the mineral resources according to the internationally acceptedJORC or NI 43101 code.Endomines applies International Financial Reporting Standards (IFRS)as the reporting standards for account principles and annual accountspractice. The use of IFRS helps to compare the Company with foreignexploration and mining companies.Endomines AB is listed on the segment First North Premier under ashortened name ENDO with Penser Bankaktiebolag AB as the CertifiedAdviser and Liquidity Guarantor.http://hugin.info/138043/R/1335204/317246.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 17.08.2009 - 11:39 Uhr
Sprache: Deutsch
News-ID 4783
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Ended: 30th June 2009"
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