The Laiva mine produced 94 kilos of gold during August 2012

PRESS RELEASE, 11 September 2012 During August 2012, the gold production at the Laiva mine amounted to 94 kilos, of which 31 kilos were produced during the last week of the month. The highest daily production rate was 4.8 kilos. The availability of the concentrating plant was 75 percent during August, partly as a result of the previously reported four days production stop due to extreme rainfall...

PRESS RELEASE, 11 September 2012

During August 2012, the gold production at the Laiva mine amounted to 94 kilos, of which 31 kilos were produced during the last week of the month. The highest daily production rate was 4.8 kilos.

The availability of the concentrating plant was 75 percent during August, partly as a result of the previously reported four days production stop due to extreme rainfall. Throughput in the grinding circuit was a bottleneck and the capacity utilisation during the last week of August was between 70 and 80 percent. The gold recovery was 86 percent during the month while the gold content in the ore processed amounted to 1.2 grams per tonne.

During the first eight months of the year the total gold production at the Laiva mine in Finland amounted to 568 kilos.

Nordic Mines is currently implementing measures to achieve the planned production levels.

 

For further information contact:

Michael Nilsson, CEO, +46 18 84 345 01

 

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

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 13.50 (CET) on Sep 11, 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 118 employees and its head office is in Uppsala. The Nordic Mines share is traded on the Nasdaq OMX Mid Cap list in Stockholm.

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