Endomines increases gold production in Finland in 9M23, on track to achieve FY23 guidance

Wed Oct 04 2023

Finnish gold producer Endomines said today that Pampalo’s gold production in January-September 2023 increased by 78.5 % to 10,204 ounces compared to the corresponding period in 2022.

According to Endomines, its production increased in line with the strategy announced by the company. In 2023, the company’s production is expected to grow by 35–55% compared to the previous year and be within the upper end of the revised guidance.

“I am pleased to say, that our gold production volume increased exactly as our plan. Pampalo’s production forms a foundation of our business and we will continue our activities to further increase production volumes to higher levels. The capacity of Pampalo processing plant enables us to increase production without significant investments,” said CEO Kari Vyhtinen.

The company’s operations focus on gold production and exploration in the Karelian gold line, located in Eastern Finland. Endomines also owns the rights to seven gold deposits in the US. Endomines is listed on the main list of OMX Helsinki (PAMPALO).

Source: https://www.kitco.com