Endomines updates on Pampalo mine re-opening
Endomines AB, Stock Exchange Release 29 January 2021 at 08:30 CETDuring January,2021, Endomines carried out a rights issue to enable the funding of the development of three of its key mines and mine development projects in the US and Finland. A portion of these funds will be allocated to the deepening of and re-starting gold production at the Pampalo mine in Ilomantsi, eastern Finland. The Pampalo mine was put on care and maintenance (C&M) in 2018 when gold prices were at multi-year lows ($1250/oz). The ore lenses in the underground mine are open at depth and the known extensions have