Vammala Production Centre

Overview

The Vammala Production Centre (‘Vammala Centre”) is located in southern Finland, 160 kilometres northwest of the Finnish capital Helsinki and comprises the Vammala Plant, the operational Jokisivu Gold Mine (“Jokisivu”), Kaapelinkulma Gold Mine (“Kaapelinkulma”),  Orivesi Gold Mine (“Orivesi”) and the Uunimäki Gold Project (”Uunimäki”).

Vammala Production Centre

Processing

The Vammala Plant is a 300,000 tonne per annum crushing, milling and flotation facility that was recommissioned in June 2007.  Since recommissioning, the plant has produced 409,502 ounces of gold in concentrate to the 31 December 2021.

Ore processed through the Vammala Plant is sourced from the Jokisivu Gold Mine, 40 kilometres to the southwest.

The majority of gold concentrate generated at the Vammala Centre is processed at the Company’s wholly owned Svartliden Plant in northern Sweden. A small amount of gravity gold is also delivered to the Argor-Heraeus refinery in Switzerland.

Environment

On 12 March 2020, the Regional State Administrative Agency (“AVI”) issued a new Environmental Permit enabling Vammala to process 300,000 tpa of ore The new permit contains some new crushing conditions which the Company has appealed to the Administrative Court of Vaasa (“Court”) on 20 April 2020.

The Court handed down its decision on the appeals lodged by the Company and other parties on 2 June 2022. Based on the appeal by the Company, the Court altered permit regulation 7 so that crushing is still possible during weekends.