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:: Nordic Gold Completes 1,234 Ounce First Pour
Nordic Gold Corp. has announced the successful completion of the first pour of gold at its wholly owned Laiva Mine near Raahe in Finland. A total of 1,234 ounces of doré was poured. On October 11, 2018 Laiva received written approval for startup and mining started on August 5, 2018.
The company acquired Laiva Mine in December 2017 for approximately $25 million in cash and shares. Since that time the company has completed an updated NI-43-101 Resource calculation, completed a PEA, recruited an experienced management team to operate the mine, completed all necessary permitting and approvals to operate. The company has also completed all the necessary plant maintenance and recommissioning.
Michael Hepworth, President and Chief Executive Officer said, “The first pour is a critical but vital step in returning Laiva to commercial production. The last 18 months has been focused on using past production data and learning from this information. Many fixes have been implemented and as we move towards commercial production further improvements will be implemented to ensure appropriate economics and efficiencies. The team at the mine has done an outstanding job of getting back to production in an incredibly short timeframe. From care and maintenance to production in around 11 months is something everyone can be very proud of.”
Nordic’s first pour of gold was livestreamed at 10.20am EST on 30th November 2018. Interested investors can watch video of this first pour at www.nordic.gold
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