Finland - Vammala

Vammala Production Centre

The Vammala Production Centre is located in the Sastamala region, an area well endowed with gold and nickel mineralisation in southern Finland and within close proximity of the operating Orivesi and Jokisivu Gold Mines.

The Vammala Plant is a 600,000 tonne per annum crushing, milling and flotation facility which was successfully recommissioned in June 2007. A gravity circuit was commissioned to treat ore from the Jokisivu Gold Mine in September 2009. Since recommissioning it has produced 70,859 ounces operating on a 24 hour basis on a 6 days on, 4 days off roster.

The environmental permit for the Vammala Production Centre is valid until 2016.

The following table represents the Vammala Production Centre statistics as at 31 March 2010.

December 2007*December 2008December 2009March 2010Total
Ore Mined tonne 56,050 181,016 222,018 68,948 528,032
Ore Milled tonne 69,679 171,387 196,678 60,872 498,616
Head Grade g/t 6.80 6.30 5.51 3.82 5.79
Recovery % 81.40 85.58 82.80 82.25 83.0
Gold Produced ounce 12,399 29,711 28,749 6,162 77,021
Cash Costs (including smelter costs) USD/oz 618 696 690 805 690

*6 months of production