Endomines Finland Plc - Inside Information - 3/7/2024, at 11:00 EEST
Inside Information: Endomines Finland Plc operational update Jan-June 2025: Gold production continues its strong growth
Pampalo's gold production increased by 25.8 % in January-June 2025 compared to the corresponding period in 2024. In April-June, gold production increased by 33.5 percent compared to the corresponding period in 2024, amounting to 134.3 kilograms and 4,319 ounces
- During the first half of the year, the production was 274.7 kg (218.3 kg) in kilograms and 8,832 oz (7,019 oz) in ounces.
- For the full year 2024, Endomines produced 444.9 kg (equivalent to 14,304 ounces) of gold.
Published production volumes are based on preliminary data, the final figures may change slightly after final specifications have been received for all deliveries to customers. However, the change in the figures reported here is not expected to be significant.
The company's full-year 2025 production is expected to be between 16,000 and 22,000 ounces (497.7 kg - 684.3 kg). The growth in production is anticipated to be higher during H2-2025.
"I am very pleased with our production in the first half of the year. Our production has grown for the sixth consecutive quarter compared to the corresponding period. The production in the first half of the year is the highest semi-annual production since the restart of production in December 2021. The clear increase in production volumes enables the implementation of strategic measures on a fast schedule. Additionally, the current strong gold market encourages investments towards higher production volumes. The average gold price in January-June 2025 was 3,072 USD/ounce, compared to the average price of 2,205 USD/ounce in the comparison period," comments Kari Vyhtinen, the CEO of the company.
Further information:
Kari Vyhtinen
CEO
Endomines Finland Plc
kari.vyhtinen@endomines.com
+358 40 585 0050
Endomines Finland Plc is a Finnish forerunner in sustainable mining. Our mining operations in Pampalo, Ilomantsi region, focus on gold mining and processing, as well as exploration in the Karelian gold line, in Eastern Finland. We also own the rights to seven gold deposits in the US. We produce gold for the jewellery and electronics industries and create value by transforming natural resources into wealth, an investment that withstands the volatility of global politics. We are a growing mining company that embraces new ways of thinking; we want to leave a positive footprint where we operate, which is why our goal is to grow the Karelian gold line into a significant, sustainable gold-producing region. Endomines is listed on the main list of OMX Helsinki (PAMPALO). www.endomines.com.
