Nordic Mines AB: PRESS RELEASE, 12 April 2013 (translation from Swedish) PRODUCTION REPORT

The Laiva mine produced 278 kilos of gold during Q1 2013 The production of gold at the Laiva mine, amounted to 278 kilos during Q1 2013. The availability of the concentrating plant was 83%. The production during the quarter was 89 kilos in January, 64 kilos in February and 125 kilos in March. The main reason for the low production in February was a planned maintenance stop for six days, and that February is a short month...

New York, 12/04/2013 (informazione.news - comunicati stampa - varie) The Laiva mine produced 278 kilos of gold during Q1 2013

 

The production of gold at the Laiva mine, amounted to 278 kilos during Q1 2013. The availability of the concentrating plant was 83%.

 

The production during the quarter was 89 kilos in January, 64 kilos in February and 125 kilos in March. The main reason for the low production in February was a planned maintenance stop for six days, and that February is a short month. In addition, the concentrating plant had a few unplanned operational stops in January and February. In March, the improvements implemented following the action plan, had positive effects and the availability and throughput increased and thus led to an increased gold production.

 

During March the average throughput increased by approximately 20% compared to the previous six months. For several days, the throughput reached the design capacity of 250 tons per hour. The throughput for March was 138 528 tons and for the whole quarter the throughput was 332 119 tons. The gold recovery for March was 86% and for the quarter 84%. The gold content in the ore processed amounted to 1.0 grams per ton. The low gold content is explained by higher waste rock dilution. We will continue our work within the action plan with various improvements to reach a higher gold production.

 

The quarterly report for Q1, 2013 will be published May 8, 2013. The next production report for Q2, 2013 will be published July 11, 2013.

 

For further information contact

Thomas Cederborg, CEO, +46 708 480 521

Susanne Andersson, CFO, +46 730 668 904

 

For further information regarding Nordic Mines, please connect to www.nordicmines.com

 

 

The information above has been made public in accordance with the Securities Market Act and/or Financial Instruments Trading Act. The information was published at 08.00 (CET) on April 12, 2013.

 

 

Nordic Mines is a Nordic mining and exploration company whose vision is to be one of the leading gold producers in the Nordics and 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 in Sweden. Nordic Mines was established 2005 and have more the 100 employees with head office in Uppsala, Sweden, The Nordic Mines share is traded on the Nasdaq OMX Small Cap list in Stockholm.

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