Both in Sweden and Finland major mining and metal extraction industries have been in operation over many centuries. For much of the twentieth century these industries were primarily controlled by large Nordic companies and para-state organisations, with exploration largely driven by the need to support the existing mining and metal extraction infrastructure. As a result, the metallogenic potential of the Fennoscandian Shield, which extends across much of Sweden and Finland, remains under explored, in comparison to other similarly endowed Shields in Africa, Canada and Australia.
In the mid 1990’s there was a change in government policy to encourage broader based participation in the mining industry. Attracted by the potential of the Nordic Region, Dragon Mining has now been active in this region for over a decade and has the experience and projects to continue its growth.
Dragon Mining’s strategy is for production growth from its two Production Centres, ensuring that both Centres have a highly prospective land holding that would allow each to grow. Svartliden in northern Sweden was the first of these Production Centres to be developed in 2005, whilst Vammala in southern Finland became the second, recommencing operations in June 2007.
In recent years the Company has maintained a focus on activities on near mine targets, specifically its key projects the Orivesi Gold Mine, the Jokisivu Gold Mine and the Kaapelinkulma Gold Project in southern Finland and the Fäboliden Gold Project in northern Sweden.