Endomines AB

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Endomines consists of the parent company, Endomines AB, with two wholly owned subsidiaries: Endomines Oy and Kalvinit Oy. The operations of Endomines Oy include exploration and development of gold deposits and planned gold mining. Kalvinit Oy is focused on the development of the industrial mineral ilmenite deposits. The Company’s present mineral deposits are all located in Finland. The Company acquired all shares outstanding in the two subsidiaries, Endomines Oy and Kalvinit Oy, through a non-cash issue. These subsidiaries were founded in the mid-1990s and have been financed by private individuals and Finnish institutions since inception.

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Clear improvement in production, but profitability remains a challenge

Fri, Aug 18, 2017 08:45 CET

Q2-2017 (Q2-2016) · Gold production was 107.4 kg (73.7), with the increase driven by higher gold grade, improved production efficiency and increased tonnage · Milled ore was 47,621 tonnes (37,303) at head grade of 2.7 g/t (2.4) · Cash Cost was 1,124 USD/oz (1,396) · Revenue was 34.7 MSEK (20.9) · EBITDA was 0.5 MSEK (-4.8) · Profit after tax was -9.8 MSEK (-13.5) · Earnings per share was -0.93 SEK (-1.29) H1-2017 (H1-2016) · Gold production was 205.3 kg (132.2) · Milled ore was 88,425 tonnes (72,620) at head grade of 2.8 g/t (2.2) · Cash Cost was 1,162

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Clear improvement in production, but profitability remains a challenge