news

Finland-focused gold miner Endomines says H1 2023 production at Pampalo up 94.1% y-o-y

Kitco Media
By Vladimir Basov
Published
Updated
Kitco News
The Leading News Source in Precious Metals

Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage (often exclusive) of important industry events and analyses of market-affecting developments.

Editor noteGet all the essential market news and expert opinions in one place with our daily newsletter. Receive a comprehensive recap of the day's top stories directly to your inbox. Sign up here!

(Kitco News) - Finland-focused gold producer Endomines said today that H1 2023 production at its Pampalo mine increased by 94.1% compared to the corresponding period in 2022.

According to a company press release, Pampalo’s production during H1 2023 was 6,753 oz (H1 2022: 3,478 oz).

For 2023, the company’s production is expected to increase by 35–55% compared to the previous year, in line with the previous guidance.

“Our production continued on a strong growth path in April-June, and we are very pleased about production volume achieved in January-June 2023. Strong production creates a solid foundation to successfully execute other strategic focus areas,” stated CEO Kari Vyhtinen.

Endomines Finland owns gold operations in Pampalo, Ilomantsi region, and focuses on gold mining and processing, as well as exploration in the Karelian gold line, in Eastern Finland. The company also owns the rights to seven gold deposits in the US.

Victoria Gold reports record gold production in second quarter
Kitco Media

Vladimir Basov

Vladimir (PhD, MEng in Mining) is a professional mining engineer, scientist and analyst that has more than 20 years of practical in-field and research experience. He is particularly interested in collecting, processing baseline data and writing insightful data-driven mining industry analytics, articles, statistical and research reports.

Mdi Earth Logo

Share

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.