Endomines Finland Oyj: Endomines Finland operational update Jan-June 2024: The increase in production is progressing according to plans

Endomines Finland Plc - Stock Exchange Release - 2/7/2024, at 14:00 EEST

Endomines Finland Plc operational update Jan-June 2024: The increase in production is progressing according to plans

Pampalo's gold production increased by 4 % in January-June 2024 compared to the corresponding period in 2023.

• During the first half of the year, the production was 218.3 kg (210.0 kg) in kilograms and 7,019 oz (6,753 oz) in ounces.
• For the full year 2023, Endomines produced 397.8 kg (equivalent to 12,790 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 2024 production is expected to increase in line with guidance by 15-35% compared to the previous year.

"Our production volumes in the first half of the year developed according to plans. We expect significant growth for July-December 2024, which will also set the basis for production in 2025. The strong gold market also supports our efforts to increase our production volumes" comments Kari Vyhtinen, the CEO of the company.

Endomines Finland Plc

Further information

Kari Vyhtinen, CEO, Endomines Finland Plc

[e-mail], [phone]

Endomines Finland Plc is a Finnish forerunner in sustainable mining. Our operations are focused on gold production and 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 turning natural resources into wealth, and we also create value by transforming natural resources into wealth, an investment that can withstand the volatility of global politics. Our vision is to develop the Karelian gold line into one of the most important and sustainable gold-producing regions in the world. Endomines is listed on the OMX Helsinki main list (PAMPALO). www.endomines.com.

© 2024 GlobeNewswire (Europe)

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