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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Positive EBITDA year-to-date driven by solid production

Thu, Nov 09, 2017 08:45 CET

THIRD QUARTER Q3-2017 (vs Q3-2016) · Gold production was 94.1 kg (83.0) · Milled ore was 37,422 tonnes (36,104) at head grade of 3.0 g/t (2.7) · Cash Cost was 1,081 USD/oz (1,113) · Revenue was 27.6 MSEK (27.4) · EBITDA was 1.1 MSEK (1.3) · Total cash flow was 1.6 (-7.4) · Profit after tax was -8.3 MSEK (-12.3) · Earnings per share was -0.79 SEK (-1.17) JANUARY-SEPTEMBER YTD-2017 (vs YTD-2016) · Gold production was 299.4 kg (215.2), +39 per cent, with the increase driven by higher gold grade, improved production efficiency and increased tonnage ·

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Positive EBITDA year-to-date driven by solid production