Endomines confirms its schedule: commercial production will start during Q1/2011
(Thomson Reuters ONE) -
The press release can be downloaded from the following link:
Press Release (PDF)
In response to recent speculation regarding the Pampalo Gold Mine start-up
schedule, Endomines confirms its plans to start commercial production during
Q1/2011. Test runs began as scheduled in late November, and currently these
focus on ensuring that all processing equipment is working correctly.
"We have experienced some minor problems in the grinding mill and crushing
plant, but these are being addressed by their respective suppliers under
guarantee, and thus at no expense to Endomines. These problems have delayed the
planned production start-up by a few weeks. We remain confident nevertheless,
that we can maintain our planned start-up schedule", says Markus Ekberg, CEO of
Endomines.
For further information:
Markus Ekberg, CEO of Endomines AB, cell phone: +358 40 706 48 50
About Endomines
During 2009-2010 Endomines has taken several important steps from exploration to
full-scale gold production. The company will commence commercial production at
the Pampalo Gold Mine during Q1/2011, with a projected annualized output of
900-1.000 kg of gold. Other deposits along the Karelian Gold Line will be
exploited subsequently. Endomines has additional claims in Finnish Lappland
(gold), Ostrobothnia (ilmenite) and Southern Finland (limestone/wollastonite).
Endomines applies SveMin's & FinnMin's respective rules for reporting (public
mining & exploration companies). Endomines has chosen to report mineral
resources and ore reserves according to JORC-code, which is the internationally
accepted Australasian code for reporting ore reserves and mineral resources.
Endomines applies International Financial Reporting Standards (IFRS) as approved
by the European Union.
The shares of Endomines AB are quoted on the First North Premier segment in
Stockholm under ticker ENDO.ST. Erik Penser Bankaktiebolag acts as Certified
Adviser and Liquidity Provider.
Read more about Endomines on www.endomines.com
Press Release PDF:
http://hugin.info/138043/R/1477877/413887.pdf
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: Endomines AB via Thomson Reuters ONE
[HUG#1477877]
Unternehmensinformation / Kurzprofil:
Datum: 07.01.2011 - 08:59 Uhr
Sprache: Deutsch
News-ID 50267
Anzahl Zeichen: 3003
contact information:
Town:
Stockholm
Kategorie:
Business News
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"Endomines confirms its schedule: commercial production will start during Q1/2011"
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