Uppsala, March10th, 2010
Feasibility study for Nordic Mines’ Laiva mine finalised.
Good profitability even at gold prices far below present levels.
Gold production expected to start second quarter 2011.
Nordic Mines’ gold project in Laiva in Finland will be profitable even at gold prices far below present levels, according to the feasibility study that has just been finalized. The study has been assessed and approved by the independent consultancy group Hatch, which has been assigned by Standard Bank.
The ore reserves, i.e. the planned production of ore used in the feasibility study, amounts to 11.7 million tons. This means that Laiva near Raahe in central Finland is one of the biggest gold deposits in the Nordic region. Production is expected to start during the second quarter 2011.
The approval means that the study meets the requirements of a definitive feasibility study, which is the quality demanded for project financing. The full study can be found at the website, www.nordicmines.se
As part of the financing of Laiva, the independent consultancy group Hatch has been assigned by Standard Bank to carry out a thorough review of the feasibility study for the project. Based on the results, Roger F Price, Director of Hatch Associates Limited, has signed off on the study.
Uppsala, February 18th, 2010
Full year report 2009 – press release
Necessary permits granted for gold project in Laiva. Continued exploration shows further gold zones. Share issue beginning of 2010 over subscribed
• Investments were made with Tkr 48 448 (Tkr 67 310)
• Earnings after financial entries amounted to Tkr -11 686 (Tkr -139)
In November 2009, Nordic Mines was granted environmental permission for its planned gold mine at Laiva in Finland, one of the biggest gold deposits ever discovered in the Nordic region. This means that the building of infrastructure could be initiated, while the financing of the project was intensified. The financing includes a share issue, which was carried out at the beginning of 2010.
Year- end Report 2009 (Abbreviated version in English)...
Uppsala, February 9th, 2010
Nordic Mines rights issue oversubscribed
Nordic Mines AB’s (publ) share issue with preferential rights for existing shareholders has been completed. The share issue was oversubscribed by more than 60 percent.
Calendar
4 May 2010 Finansal report Q1 2010
4 May 2010 Annual General Meeting
17 August 2010 Finansal report Q2 2010
17 November 2010 Finansal report Q3 2010
17 Feb 2011 Year End Report 2011
News Summaries
2010-01-14Propectus 14 janPublication of prospectus and release of new information regarding size......
Results from the exploration 2009 in connection with the main mineralization in Laiva
Nordic Mines has been granted an environmental permit for the gold deposit in Laiva. The permits are now in place for one of the biggest gold deposits in the Nordic region.
The exploration company Nordic Mines AB has on November 24, 2009 been granted environmental permission by the Finnish Environmental permit authorities regarding the company’s planned gold mine in Laiva, Finland. This means that the construction of infrastructure in the area can be stepped up, while negotiations concerning the financing of the project are finalized.
Nordic Mines raises SEK 240 million
Combination of a directed share issue and preferential rights issue
