Endomines — Earnings Release 2024

Oct 2, 2024

Inside information: Endomines Finland Plc operational update Jan-Sep 2024: a strong quarter increased production volumes significantly

Inside information: Endomines Finland Plc operational update Jan-Sep 2024: a strong quarter increased production volumes significantly

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.