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Endomines
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Endomines’ Q3 production was fairly well in line with our estimates at 4,191 ounces (Evli est. 4,411 ounces). The company is in an ideal spot as the current production should finance the exploration efforts given the volumes and prevailing gold price. We increase our TP to EUR 8.1 (prev. EUR 7.3), while keeping rating at HOLD.
Despite Pampalo’s profitability not meeting our expectations in H1, we anticipate substantial volume growth in H2 to enhance profitability, supported by sustained high gold prices.
Endomines' net sales for the first half of the year were roughly as expected, though profitability did not meet our estimates.
Endomines will publish H1/24 figures on Thursday 15th of August. Our focus is on the profitability and cash flow of the Pampalo operation as production growth coupled with high gold prices supported sales growth during H1.
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Endomines Finland Plc – Investor News – 28/10/2024, at 10:00 EET
Endomines has received a Small Miners Exemption permit for the US Grant mining area in Montana
Endomines has received confirmation from the US authorities for their Small Miners Exemption (SMES) application for the US Grant mining area in Montana. The SMES permit authorizes Endomines to engage in exploration in the US Grant gold and silver mining area and it is also an important part of the permitting process aiming for production.
“I am pleased that we received the Small Miners Exemption operating permit. The permit allows us to operate at US Grant for example by conducting exploration or producing gold and silver in the permitted area. However, Endomines is focusing on Finland according to our strategy and does not plan to invest in starting production at US Grant,” says Endomines CEO Kari Vyhtinen.
Endomines owns rights to seven gold mining sites in the United States: five in Idaho and two in Montana. In addition to US Grant in Montana, the company has an option to purchase the Kearsarge gold deposit. Endomines’ goal is to utilize the US deposits through a partnership model.
Further information:
Kari Vyhtinen, CEO, Endomines Finland Plc
kari.vyhtinen@endomines.com, +358 40 585 0050
Endomines Finland Plc is a Finnish forerunner in sustainable mining. Our operations are focused on gold production and exploration in the Karelian Gold Line in Eastern Finland. We also own the rights to seven gold deposits in the United States. We produce gold for the jewellery and electronics industries and create value by turning natural resources into wealth; an investment that can withstand global political instability. Our vision is to develop the Karelian gold line into one of the most important and sustainable gold-producing regions in the world. Endomines is listed on the OMX Helsinki (PAMPALO). www.endomines.com.
Endomines Finland Plc | Stock Exchange Release | 22.10.2024 | at 16:00 EEST
Composition of Endomines Finland Plc’s Shareholders’ Nomination Committee
The Nomination Committee of Endomines Finland Plc consists of representatives appointed by the two shareholders who, according to the shareholder register maintained by Euroclear Finland Oy, have the most shares and votes on August 31st of each year, and the Chairman of the Board of Directors of the company.
The members of Endomines’ Shareholders’ Nomination Committee are:
- Kyösti Kakkonen
- Ingeborg Åkermarck
- Jukka-Pekka Joensuu
Kyösti Kakkonen has been elected as the Chairman of the Nomination Committee at the organizing meeting held on 22.10.2024.
The Shareholders’ Nomination Committee of Endomines is responsible for preparing proposals for the General Meeting of Endomines Plc concerning the number, election and remuneration of the members of the Board of Directors.
Further information:
Minni Lempinen, CFO
minni.lempinen@endomines.com, +358407693483
Endomines Finland Plc is a Finnish forerunner in sustainable mining. Our operations are focused on gold production and exploration in the Karelian Gold Line in Eastern Finland. We also own the rights to seven gold deposits in the United States. We produce gold for the jewellery and electronics industries and create value by turning natural resources into wealth; an investment that can withstand global political instability. Our vision is to develop the Karelian gold line into one of the most important and sustainable gold-producing regions in the world. Endomines is listed on the OMX Helsinki (PAMPALO). www.endomines.com.
Endomines Finland Plc: Managers' Transactions – Kari Vyhtinen
____________________________________________
Person subject to the notification requirement
Name: Kari Vyhtinen
Position: Chief Executive Officer
Issuer: Endomines Finland Plc
LEI: 7437004UOFZRIUWTUG97
Notification type: INITIAL NOTIFICATION
Reference number: 81504/4/4
____________________________________________
Transaction date: 2024-10-16
Venue: NASDAQ HELSINKI LTD (XHEL)
Instrument type: SHARE
ISIN: FI4000508023
Nature of transaction: ACQUISITION
Transaction details
(1): Volume: 181 Unit price: 7.9 EUR
(2): Volume: 10 Unit price: 7.96 EUR
(3): Volume: 109 Unit price: 8 EUR
(4): Volume: 68 Unit price: 7.96 EUR
(5): Volume: 145 Unit price: 7.98 EUR
(6): Volume: 133 Unit price: 8 EUR
(7): Volume: 1 Unit price: 8.02 EUR
(8): Volume: 1 Unit price: 8.04 EUR
(9): Volume: 2 Unit price: 8.06 EUR
Aggregated transactions (9):
Volume: 650 Volume weighted average price: 7.96317 EUR
Endomines Finland Plc
Further information
Minni Lempinen, CFO, Endomines Finland Plc
minni.lempinen@endomines.com, +358 40 769 3483
Endomines Finland Plc is a Finnish forerunner in sustainable mining. Our operations are focused on gold production and exploration in the Karelian Gold Line in Eastern Finland. We also own the rights to seven gold deposits in the US. We produce gold for the jewellery and electronics industries and create value by turning natural resources into wealth, and we also create value by transforming natural resources into wealth, an investment that can withstand the volatility of global politics. Our vision is to develop the Karelian gold line into one of the most important and sustainable gold-producing regions in the world. Endomines is listed on the OMX Helsinki main list (PAMPALO). www.endomines.com.
Endomines Finland Plc – Inside information – 2/10/2024, at 14:00 EEST
Inside information: Endomines Finland Plc operational update Jan–Sep 2024: a strong quarter increased production volumes significantly
Pampalo’s gold production increased by 21.4 percent in July–September compared to the corresponding period in 2023. In January–September 2024, gold production has increased by 9.9 percent compared to the corresponding period in 2023.
- Production in July-September was 130.4 kg (107,4 kg), 4,191 ounces (3,451 oz)
- In January-September, the production was 348.7 kg (317.4 kg) in kilograms and 11,211 oz (10,204 oz) in ounces.
- For the full year 2023, Endomines produced 397.8 kg (equivalent to 12,790 ounces) of gold.
Published production volumes are based on preliminary data, the final figures may change slightly after final specifications have been received for all deliveries to customers. However, the change in the figures reported here is not expected to be significant.
The company's full-year 2024 production is expected to increase in line with guidance by 15–35% compared to the previous year.
“In terms of production volumes, the quarter was clearly the best since the start of 2022. The growth of our production continued according to the plan towards the annual production level of 20,000 ounces. The market price of gold has recently developed in a very favorable direction. The increase in production volumes at the time when the price of gold repeatably breaks new records, supports our goal of making Karelian gold line a significant gold production area on a global scale,” comments Kari Vyhtinen, the CEO of the company.
Further information:
Kari Vyhtinen
CEO
Endomines Finland Plc
kari.vyhtinen@endomines.com
+358 40 585 0050
Endomines Finland Plc is a Finnish forerunner in sustainable mining. Our operations are focused on gold production and exploration in the Karelian Gold Line in Eastern Finland. We also own the rights to seven gold deposits in the US. We produce gold for the jewelry and electronics industries and create value by turning natural resources into wealth, an investment that can withstand the volatility of global politics. Our vision is to develop the Karelian gold line into one of the most important and sustainable gold-producing regions in the world. Endomines is listed on the OMX Helsinki main list (PAMPALO). www.endomines.com.
Endomines Finland Plc | Stock Exchange Release | 24.9.2024 at 15:30 EEST
Endomines Finland Plc’s Financial Reporting Schedule and Annual General Meeting in 2025
In 2025 Endomines Finland Plc will publish financial reports as follows:
Report | Release date |
Financial Statements Release for 2024 | 13.2.2025 |
Annual Report for 2024 | 26.3.2025 |
Half-year Financial Report Jan-June 2025 | 14.8.2025 |
The Company adheres to a 30-day silent period before the publication of its financial results (Half-year report, Financial Statements Release).
Endomines Annual General Meeting is planned to be held on May 13th, 2025. Endomines Board of Directors will summon the meeting at a later date.
The Financial Releases and IR Calendar is available also on our website: https://endomines.com/en/for-investors/sijoittajakalenteri/
Further Information:
Minni Lempinen
CFO
minni.lempinen@endomines.com
+358 40 769 3483
Endomines Finland Plc is a Finnish forerunner in sustainable mining. Our operations focus on gold production and exploration in the Karelian gold line, in Eastern Finland. We also own the rights to seven gold deposits in the US. We produce gold for the jewellery and electronics industries and create value by transforming natural resources into wealth, an investment that withstands the volatility of global politics. Our vision is to develop the Karelian gold line into one of the most significant and sustainable gold-producing regions in the world. Endomines is listed on the main list of OMX Helsinki (PAMPALO). www.endomines.com
Endomines Finland Plc – Inside information – 20/9/2024, at 11:30 EEST
Inside information: Endomines reports exploration results from Hosko, the Northern Gold line, and commences drilling program in Kartitsa
Endomines reports results from the exploration drilling program carried out in the summer 2024 at Hosko, Northern Gold Line. The program consisted of 23 drill holes for a total of 2905 meters. The program was aimed to test the distribution and the continuity of high gold grade mineralisation within the 1.2 km long gold bearing Hosko trend.
The highlighted results confirm that Endomines has discovered two new high-grade areas near the recently opened mine of Hosko. In addition, all the drill holes in the program intersected gold grades above the reporting cut-off (0.4 g/t).
The high-grade areas now discovered from the Hosko area are located 100 and 1000 meters north of the Hosko mine. These high-grade areas require further follow-up work to assess their potential for mining.
Highlights of the Hosko summer 2024 drilling program:
- Drill hole HOS-125 intersected 4.85 meters at 5.01 g/t gold from 36.80 m.
- Drill hole HOS-123 intersected 5.70 meters at 2.96 g/t gold from 95.4 m, including 1.80 meters at 8.35 g/t gold from 96.50 m.
- Drill hole HOS-115 intersected 2.30 meters at 6.10 g/t gold from 82.45 m.
- Drill hole HOS-126 intersected 1.10 meters at 11.10 g/t gold from 81.00 m.
The drill intersections from the Hosko 2024 drilling program are presented in Attachment 1 and the locations of the new drill holes are presented in the map in Attachment 2.
A new drilling program starts in Kartitsa
Endomines has decided to start a drilling program in Kartitsa, which is located 6.5 km north of the Hosko mine. On August 1, 2024, Endomines reported results from drillings made in the area, according to which hole KA-014 encountered 2.76 g/t of gold over 13.05 meters and hole KA-015 encountered 2.06 g/t of gold over a distance of 8.40 meters. The purpose of the drillings now being started is to follow up on these results.
Endomines is currently also conducting drilling aimed at expanding mineral resources in Kuittila, on the Southern Gold Line. These drillings will continue at the same time as the now starting Kartitsa drilling program. So far, 17 holes have been drilled in Kuittila, with a total length of 3295 meters.
“Finding new high-grade areas in Hosko, confirms our belief in the region’s high gold potential. We believe that Hosko will become a long-lasting cornerstone of our gold production. The first research results from Kartitsa which were published in August, were so promising that we decided to immediately initiate a new drilling program in the area. Between the best gold intersections in the area, there is an approximately 500-meter unexplored area, which we will now focus on. This, combined with the extensive drilling program aimed at increasing gold resources on the Southern Gold Line, ensures that the end of the year will be a very busy and interesting period in exploration,” says CEO of Endomines Kari Vyhtinen.
Geology of Hosko
The reported drilling program successfully intercepted the quartz-tourmaline breccia down-plunge from already known intercepts, thus confirming the plunge continuity of the gold bearing breccia. The spatial distribution of high-grade gold material within the quartz-tourmaline breccia is still being investigated. In particular the structural control of the newly identified breccia pipes is being assessed. The gold bearing mineralisation presents itself as sulphide bearing quartz-tourmaline breccias hosted within strongly sheared sericitized sedimentary rocks.
Drilling technology and quality assurance
All surface drilling has been carried out by KDC Oy, using WL-66 tubes, resulting in a core of 50.5 mm in diameter. Drill hole locations have been surveyed by using mine survey equipment. A downhole survey of bearing and dip deviations has been completed with the SPT GyroMaster survey tool. All cores have been oriented with SPT CoreMaster equipment.
The drill cores have been logged by Endomines' personnel. The drill cores have been cut in half by Palsatech Oy in Kemi and Sodankylä prior to shipping to the CRS Laboratories Oy in Kempele, Finland. The sample procedure used at the laboratory was MPC’s PAL1000 PULVERISE AND LEACH machine with AAS finishing. The used sample size was 500 g of crushed core.
Normal QA/QC (Quality Assurance/Quality Control) procedures have been adhered to on all the samples, with standards, blanks and duplicates routinely submitted as part of the sampling program. The quality of sample preparation, security integrity and chemical assays was equal to, or exceeded, current industrial standards and the requirements of the JORC-code.
This statement has been controlled by Eurogeologist Jani Rautio MSc (Geol) acting as a Qualified Person in compliance with the Fennoscandian Association for Metals and Mining Professionals, FAMMP, –standards. Jani Rautio is a full-time employee of Endomines and owns 2,000 shares in Endomines.
Further information
Kari Vyhtinen
CEO
kari.vyhtinen@endomines.com
+358 40 585 0050
Jani Rautio
Head Geologist
jani.rautio@endomines.com
+358 50 593 0812
Endomines Finland Plc is a Finnish forerunner in sustainable mining. Our mining operations in Pampalo, Ilomantsi region, focus on gold mining and processing, as well as exploration in the Karelian gold line, in Eastern Finland. We also own the rights to seven gold deposits in the US. We produce gold for the jewellery and electronics industries and create value by transforming natural resources into wealth, an investment that withstands the volatility of global politics. We are a growing mining company that embraces new ways of thinking; we want to leave a positive footprint where we operate, which is why our goal is to grow the Karelian gold line into a significant, sustainable gold-producing region. Endomines is listed on the main list of OMX Helsinki (PAMPALO). www.endomines.com.
The Karelian Gold Line is 40 kilometers long, a gold prospective portion of the Ilomantsi greenstone belt located in Eastern Finland approximately 500 kilometers northeast of Helsinki. The area hosts several gold deposits, the largest known being Pampalo. The Pampalo mine has produced 200,000 ounces of gold at an average grade of 3.6 g/t. Endomines controls extensively exploration rights across the Karelian Gold Line.
Endomines Finland Plc – Stock Exchange Release, Inside Information – 18/9/2024, at 11:30 EEST
Correction: Inside information: Endomines exploration update – positive till sampling results from Southern Gold Line
Endomines Finland Plc republishes the inside information release published on July 11, 2024. Due to a technical error in the transmission of the stock exchange release published on July 11, 2024, the release was not entered into the national central storage for regulated information (officially appointed mechanism, OAM) maintained by Nasdaq Helsinki Oy. No changes were made to the contents of the release. The release is in full below.
Inside information: Endomines exploration update – positive till sampling results from Southern Gold Line
Endomines reports results from the 2023-2024 base of till sampling program performed at the Southern Gold Line area. All results have been received. Multiple significant, new gold anomalous areas have been recognized. Gold concentrations in base of till samples indicate gold concentrations in the bedrock, and positive results are used to guide exploration drilling.
Highlights
Eight new, potential areas were recognised in the Southern Gold Line close to known gold deposits
- A significant gold, molybdenum and tungsten anomalous area was recognized in the base of till sampling (BOT) in the South-West of the Kuittila deposit in Southern Gold Line. This supports the potential to extend the Kuittila mineralization towards South-West.
- Four distinct areas with elevated gold, molybdenum and tungsten content in the base of till have been identified within low chargeability zones interpreted to represent tonalite intrusions. Those areas are interpreted to be prospective for Kuittila style mineralization. Two of such anomalous zones lie South of the Korvilansuo deposit in a previously unsampled area.
- Three zones with anomalous gold content in the base of till have been identified between the Korvilansuo and Kuittila deposit in previously unsampled area. All three anomalous zones lie within the interpreted South-East continuity of the Korvilansuo and are interpreted to be prospective for Korvilansuo style mineralisation.
“These are exciting news. Our previous work has been mainly based on old base of till data. These analyses clearly highlight the potential in the Southern Gold Line. Samples from untested areas, very close to known deposits, indicate that we have great potential to grow the known deposits into much larger than the current size. We will continue explorational drilling in the area during August-December 2024. We are also continuing permitting process in the area to ensure fast roadmap to gold production.” says Kari Vyhtinen, CEO of the company.
Base of till sampling at Southern Gold Line
The Base Of Till (BOT) program completed in 2023-2024 in the Southern Gold Line consists of a total of 1066 samples. The BOT drilling concentrated on previously unsampled/poorly sampled areas in the immediate vicinity of the Korvilansuo and Kuittila deposits. Sample spacing of 20 meters was used for this program. The spacing between sampling lines varies from 100 to approx. 400 m.
This geochemical sampling led to the identification of a series of significant base of till gold (Au) and pathfinders (Mo, W, Cu, Ag) anomalies on the western margin of the Kuittila tonalite and in the overlying supracrustal rocks.
Figure 1:
On the left side a) Situation prior to the campaign. Base Of Till samples gold content (orange dots) in relation with the induced polarisation chargeability.
On the right-side b) Situation after the new results. Winter 2023-2024 base of till samples gold content in relation with the induced polarisation chargeability. The most prominent gold and pathfinder elements anomalous areas are indicated with orange dashed lines. Background: MML Maastokartta.
All the base of till drilling has been carried out by Moreenityö Mäcklin Oy. A track-mounted rig with percussion drill equipment has been used for the program. The sampling depth varied between 1.1 and 14.2 meters with the average sampling depth being 4.7 meters. The average sample weight was 264 grams. All the samples were examined and logged by Endomines geologists and sent to CRS laboratories Oy in Kempele for preparation (code DRI-060, PSC-999 & PSC-110) and then sent to MS Analytical laboratory in Langley, Canada, where samples were analyzed by method FAS-111 (Au) and IMS-131 (Multi-Element). In the cases of insufficient sample weight, the multi-element analysis was conducted with IMS-131H or IMS-130.
A field duplicate has been collected for every 50 samples. Certified reference materials and duplicates are inserted in the sample sequence by CRS Laboratories. Endomines geologists routinely check the quality of the sampling and assay procedure.
Karelian Gold Line
The Karelian Gold Line is 40 kilometres long, a gold prospective portion of the Ilomantsi greenstone belt located in Eastern Finland approximately 500 kilometres northeast of Helsinki. The area hosts several gold deposits, the largest known being Pampalo. The Pampalo mine has produced 190,000 ounces of gold at an average grade of 3.6 g/t. Endomines controls the exploration rights across the Karelian Gold Line.
Competent Person
This statement has been controlled by Eurogeologist Jani Rautio MSc (Geol) acting as a Qualified Person in compliance with the Fennoscandian Association for Metals and Mining Professionals, FAMMP, –standards. Jani Rautio is a full-time employee of Endomines and owns 2,000 shares in Endomines.
Endomines Finland Plc
Further information:
Kari Vyhtinen, CEO, kari.vyhtinen@endomines.com, +358 40 585 0050
Jani Rautio, Chief Geologist, jani.rautio@endomines.com, +358 50 593 0812
About Endomines
Endomines is a mining and exploration company with its primary focus on gold. Endomines is engaged in mining operations at the Pampalo mine in Ilomantsi, and in exploration activities along the Karelian Gold Line in Eastern Finland. Endomines also owns rights to several gold deposits in Idaho and Montana, US, where Endomines aims to continue the development work through partnership agreements. www.endomines.com
Endomines Finland Plc – Press Release – 13/9/2024, at 13:30 EEST
Endomines Expands Mining Operations in Hosko – Veljekset Toivanen Oy to implement underground mining contracts
Endomines Finland Oyj’s subsidiary, Endomines Oy, has entered into a cooperation agreement with mining contractor Veljekset Toivanen Oy. The contract covers the underground mining operations in the Hosko production site.
Endomines opened the Hosko open pit mine in February 2024. Hosko is located on the Karelian Gold Line, about 20 km north of Pampalo. The company is now expanding its mining operations to include an underground mine in addition to the open pit mine. Veljekset Toivanen Oy has been selected as a partner for the underground mining contracts.
“Veljekset Toivanen Oy is a well-known and reliable mining contractor with extensive experience and expertise in the field. The company’s strong competence and commitment to responsible operations make it an excellent partner for Endomines,” says Ilkka Räty, Endomines’ Chief Operating Officer.
A Familiar Partner Helps in Achieving the Goals
Endomines has cooperated with Veljekset Toivanen also before this agreement. The company has been responsible for open pit mining in the Pampalo and Hosko production sites.
“It is great that our cooperation with Veljekset Toivanen continues. Veljekset Toivanen’s operations emphasize occupational safety, development activities, and professionalism, which gives us confidence to continue our collaboration,” says Räty.
Endomines strongly believes in the potential of the Hosko area, and through the underground mine, the company will be able to better utilize the area’s gold resources. The company’s medium-term goal is to increase gold production to 20,000 ounces by the end of the current year. The Hosko underground mine will help Endomines achieve this goal.
“Veljekset Toivanen Oy is proud to be part of this project. Our cooperation with Endomines is proof of the commitment of both companies to responsible and efficient mining,” comments Ari Keskitalo, Head of Mining Operations at Veljekset Toivanen Oy.
Image: Ilkka Räty and Ari Keskitalo
Further information:
Ilkka Räty
COO
Endomines Finland Oyj
+358 40 922 4419
ilkka.raty@endomines.com
Ari Keskitalo
Head of Mining Operations
Veljekset Toivanen Oy
+358 40 178 9887
ari.keskitalo@veljeksettoivanen.fi
Endomines Finland Plc is a Finnish forerunner in sustainable mining. Our mining operations in Pampalo, Ilomantsi region, focus on gold mining and processing, as well as exploration in the Karelian gold line, in Eastern Finland. We also own the rights to seven gold deposits in the US. We produce gold for the jewellery and electronics industries and create value by transforming natural resources into wealth, an investment that withstands the volatility of global politics. We are a growing mining company that embraces new ways of thinking; we want to leave a positive footprint where we operate, which is why our goal is to grow the Karelian gold line into a significant, sustainable gold-producing region. Endomines is listed on the main list of OMX Helsinki (PAMPALO). www.endomines.com.
Endomines Finland Plc – Stock Exchange Release, Inside information – 12/9/2024, at 14:30 EEST
Inside information: Endomines expands mining operations underground in Hosko production site
Endomines opened the Hosko open pit mine in February 2024. Hosko is located on the Karelian gold line approximately 20 km North of Pampalo. The company believes that the gold production potential of Hosko is significant, so it is expanding the mining operations to include an underground mine in addition to the open pit mine. Endomines is estimating Hosko production area to support the company’s total annual gold production by 10–20 percent in 2024. So far, 5,641 tons of ore with an average grade of 3.5 g/t gold have been mined in the area. The gold ore mined from Hosko is processed at the Pampalo production plant.
“Production in Hosko has started strongly, and the high gold content of the ore mined supports our production. Our medium-term goal is to increase gold production to the level of 20,000 ounces by the end of the current year. The underground mine in Hosko will help us in achieving this goal. Expanding the production area of Hosko does not require significant investments, and underground mining will increase our revenue already in 2024,” says Kari Vyhtinen CEO of Endomines.
Further information:
Kari Vyhtinen
CEO
Endomines Finland Plc
kari.vyhtinen@endomines.com
+358 40 585 0050
Endomines Finland Plc is a Finnish forerunner in sustainable mining. Our mining operations in Pampalo, Ilomantsi region, focus on gold mining and processing, as well as exploration in the Karelian gold line, in Eastern Finland. We also own the rights to seven gold deposits in the US. We produce gold for the jewellery and electronics industries and create value by transforming natural resources into wealth, an investment that withstands the volatility of global politics. We are a growing mining company that embraces new ways of thinking; we want to leave a positive footprint where we operate, which is why our goal is to grow the Karelian gold line into a significant, sustainable gold-producing region. Endomines is listed on the main list of OMX Helsinki (PAMPALO). www.endomines.com.
Endomines Finland Plc - Managers' transactions - Ekberg
____________________________________________
Person subject to the notification requirement
Name: Ekberg, Markus
Position: Member of the Board/Deputy member
Issuer: Endomines Finland Plc
LEI: 7437004UOFZRIUWTUG97
Notification type: INITIAL NOTIFICATION
Reference number: 7437004UOFZRIUWTUG97_20240823103000_29
____________________________________________
Transaction date: 2024-08-23
Venue not applicable
Instrument type: SHARE
ISIN: FI4000508023
Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE
Transaction details
(1): Volume: 435 Unit price: 0.00 EUR
Aggregated transactions
(1): Volume: 435 Volume weighted average price: 0.00 EUR
Endomines Finland Plc
Further information
Minni Lempinen, CFO, Endomines Finland Plc
minni.lempinen@endomines.com, +358 40 769 3483
Endomines Finland Plc is a Finnish forerunner in sustainable mining. Our operations are focused on gold production and exploration in the Karelian Gold Line in Eastern Finland. We also own the rights to seven gold deposits in the US. We produce gold for the jewellery and electronics industries and create value by turning natural resources into wealth, and we also create value by transforming natural resources into wealth, an investment that can withstand the volatility of global politics. Our vision is to develop the Karelian gold line into one of the most important and sustainable gold-producing regions in the world. Endomines is listed on the OMX Helsinki main list (PAMPALO). www.endomines.com.
Endomines Finland Plc - Managers' transactions - Jokela
____________________________________________
Person subject to the notification requirement
Name: Jokela, Jukka
Position: Member of the Board/Deputy member
Issuer: Endomines Finland Plc
LEI: 7437004UOFZRIUWTUG97
Notification type: INITIAL NOTIFICATION
Reference number: 7437004UOFZRIUWTUG97_20240823103000_30
____________________________________________
Transaction date: 2024-08-23
Venue not applicable
Instrument type: SHARE
ISIN: FI4000508023
Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE
Transaction details
(1): Volume: 398 Unit price: 0.00 EUR
Aggregated transactions
(1): Volume: 398 Volume weighted average price: 0.00 EUR
Endomines Finland Plc
Further information
Minni Lempinen, CFO, Endomines Finland Plc
minni.lempinen@endomines.com, +358 40 769 3483
Endomines Finland Plc is a Finnish forerunner in sustainable mining. Our operations are focused on gold production and exploration in the Karelian Gold Line in Eastern Finland. We also own the rights to seven gold deposits in the US. We produce gold for the jewellery and electronics industries and create value by turning natural resources into wealth, and we also create value by transforming natural resources into wealth, an investment that can withstand the volatility of global politics. Our vision is to develop the Karelian gold line into one of the most important and sustainable gold-producing regions in the world. Endomines is listed on the OMX Helsinki main list (PAMPALO). www.endomines.com.
Endomines Finland Plc - Managers' transactions - Joensuu
____________________________________________
Person subject to the notification requirement
Name: Joensuu, Jukka-Pekka
Position: Member of the Board/Deputy member
Issuer: Endomines Finland Plc
LEI: 7437004UOFZRIUWTUG97
Notification type: INITIAL NOTIFICATION
Reference number: 7437004UOFZRIUWTUG97_20240823103000_26
____________________________________________
Transaction date: 2024-08-23
Venue not applicable
Instrument type: SHARE
ISIN: FI4000508023
Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE
Transaction details
(1): Volume: 787 Unit price: 0.00 EUR
Aggregated transactions
(1): Volume: 787 Volume weighted average price: 0.00 EUR
Endomines Finland Plc
Further information
Minni Lempinen, CFO, Endomines Finland Plc
minni.lempinen@endomines.com, +358 40 769 3483
Endomines Finland Plc is a Finnish forerunner in sustainable mining. Our operations are focused on gold production and exploration in the Karelian Gold Line in Eastern Finland. We also own the rights to seven gold deposits in the US. We produce gold for the jewellery and electronics industries and create value by turning natural resources into wealth, and we also create value by transforming natural resources into wealth, an investment that can withstand the volatility of global politics. Our vision is to develop the Karelian gold line into one of the most important and sustainable gold-producing regions in the world. Endomines is listed on the OMX Helsinki main list (PAMPALO). www.endomines.com.
Endomines Finland Plc - Managers' transactions - Read
____________________________________________
Person subject to the notification requirement
Name: Read, Jeremy
Position: Member of the Board/Deputy member
Issuer: Endomines Finland Plc
LEI: 7437004UOFZRIUWTUG97
Notification type: INITIAL NOTIFICATION
Reference number: 7437004UOFZRIUWTUG97_20240823103000_27
____________________________________________
Transaction date: 2024-08-23
Venue not applicable
Instrument type: SHARE
ISIN: FI4000508023
Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE
Transaction details
(1): Volume: 475 Unit price: 0.00 EUR
Aggregated transactions
(1): Volume: 475 Volume weighted average price: 0.00 EUR
Endomines Finland Plc
Further information
Minni Lempinen, CFO, Endomines Finland Plc
minni.lempinen@endomines.com, +358 40 769 3483
Endomines Finland Plc is a Finnish forerunner in sustainable mining. Our operations are focused on gold production and exploration in the Karelian Gold Line in Eastern Finland. We also own the rights to seven gold deposits in the US. We produce gold for the jewellery and electronics industries and create value by turning natural resources into wealth, and we also create value by transforming natural resources into wealth, an investment that can withstand the volatility of global politics. Our vision is to develop the Karelian gold line into one of the most important and sustainable gold-producing regions in the world. Endomines is listed on the OMX Helsinki main list (PAMPALO). www.endomines.com.
Endomines Finland Plc - Managers' transactions - Ruokonen
____________________________________________
Person subject to the notification requirement
Name: Ruokonen, Eeva
Position: Member of the Board/Deputy member
Issuer: Endomines Finland Plc
LEI: 7437004UOFZRIUWTUG97
Notification type: INITIAL NOTIFICATION
Reference number: 7437004UOFZRIUWTUG97_20240823103000_28
____________________________________________
Transaction date: 2024-08-23
Venue not applicable
Instrument type: SHARE
ISIN: FI4000508023
Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE
Transaction details
(1): Volume: 475 Unit price: 0.00 EUR
Aggregated transactions
(1): Volume: 475 Volume weighted average price: 0.00 EUR
Endomines Finland Plc
Further information
Minni Lempinen, CFO, Endomines Finland Plc
minni.lempinen@endomines.com, +358 40 769 3483
Endomines Finland Plc is a Finnish forerunner in sustainable mining. Our operations are focused on gold production and exploration in the Karelian Gold Line in Eastern Finland. We also own the rights to seven gold deposits in the US. We produce gold for the jewellery and electronics industries and create value by turning natural resources into wealth, and we also create value by transforming natural resources into wealth, an investment that can withstand the volatility of global politics. Our vision is to develop the Karelian gold line into one of the most important and sustainable gold-producing regions in the world. Endomines is listed on the OMX Helsinki main list (PAMPALO). www.endomines.com.
Endomines Finland Plc
Stock Exchange Release 23 August 2024 at 13:30 EEST, Helsinki
Change in Endomines’ holding of treasury shares
Endomines has conveyed 2,570 treasury shares to the members of the Board of Directors as a part of the Board members' annual remuneration in accordance with the decision of the Annual General Meeting 2024. The amount of shares is based on the yearly remuneration decided by the Annual General Meeting and Endomines' value weighted average share price between 15 August and 21 August 2024.
The total amount of treasury shares is now 5,430.
Endomines Finland Plc
Further enquiries
Minni Lempinen, CFO, Endomines Finland Plc, minni.lempinen@endomines.com
Endomines Finland Plc is a Finnish forerunner in sustainable mining. Our operations are focused on gold production and exploration in the Karelian Gold Line in Eastern Finland. We also own the rights to seven gold deposits in the US. We produce gold for the jewellery and electronics industries and create value by turning natural resources into wealth, and we also create value by transforming natural resources into wealth, an investment that can withstand the volatility of global politics. Our vision is to develop the Karelian gold line into one of the most important and sustainable gold-producing regions in the world. Endomines is listed on the OMX Helsinki main list (PAMPALO). www.endomines.com.
Shareholders | Date | % of Shares | % of Votes |
---|---|---|---|
Joensuun Kauppa Ja Kone | 30.09.2024 | 22.6% | 22.6% |
Wipunen Varainhallinta Oy | 30.09.2024 | 9.7% | 9.7% |
Mariatorp | 30.09.2024 | 9.4% | 9.4% |
K22 Finance | 30.09.2024 | 4% | 4% |
Taloustieto Incrementum Oy | 30.09.2024 | 3.2% | 3.2% |
Kari Heikki Ilmari Kakkonen | 30.09.2024 | 3.1% | 3.1% |
Vakuutusosakeyhtiö Henki-Fennia | 30.09.2024 | 2.5% | 2.5% |
Hietamoor Oy | 30.09.2024 | 1.8% | 1.8% |
Eyemaker's Finland OY | 30.09.2024 | 1.8% | 1.8% |
Ehrnrooth Helene Margareta | 30.09.2024 | 1.5% | 1.5% |
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Company Facts
Guidance
Gold production will increase by 15–35 % from 2023.
Financial result to improve from 2023.
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