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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Summary of interim report for January-September 2016

Thu, Nov 17, 2016 08:45 CET

Continued improvement of head-grade and recoverySelective Mining introduced from early 2016 with reduced activities focused on high grade areas HIGHLIGHTS Q3 2016 (Q3 2015) · Gold production 83.0 kg (153.1) · Milled ore 36,104 tonnes (90,143) at 2.7 g/t (2.0) · Cash Cost 1,113 USD/oz (1,112) · Revenues 27.4 MSEK (30.4) · EBITDA 0.9 MSEK (-11.6) · Profit after tax -12.3 MSEK (-18.7) · Earnings per share -1.17 SEK (-2.95) HIGHLIGHTS JANUARY – SEPTEMBER 2016 · Gold production 215.2 kg (411.0) · Milled ore 108,724 tonnes (251,970) at 2.4 g/t (2.0) ·

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Summary of interim report for January-September 2016