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 (http://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.
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(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