NORDIC MINES 
By The gold production at the Laiva mine amounted to 241 kilos during the fourth quarter 2013. Total gold production full year 2013 amounted to 1,122 kilos gold. The company has during the quarter continued to process ore from earlier mined ore in stockpiles, which contains a lower head grade.
The gold production during the quarter was 96 kilos in October, 80 kilos in November and 65 kilos in December.
Since the filing for corporate reorganization at the beginning of July, the company has temporarily ceased mining due to cost savings. During the corporate reorganization, the company processes ore from already mined ore at the stockpiles. The ore in the stockpiles contains a lower head grade than the ore taken straight from the mine into the processing mill. The head grade was nearly 0.8 gram gold per ton for the fourth quarter compared to above 0.8 gram gold per ton in the third quarter. The head grade for the full year 2013 was 0.9 gram gold per ton.
The throughput remained stable at a higher level of 380 192 tonnes for the quarter, despite a negative impact mainly from planned maintenance stops in December of roughly 3 days. Total throughput for the full year 2013 was 1 483 913 tonnes. The availability was 84% in the fourth quarter and 84% for the full year 2013. The gold recovery was 82% in the quarter compared to 86% in the third quarter. The decrease is mainly due to the lower head grade. The gold recovery for the full year 2013 was 84%.
Year-End Report 2013 will be published on 6 February 2014.
For further information, please contact:
Thomas Cederborg, CEO, +46 708 480 521
Susanne Andersson, CFO, +46 730 668 904
For further information regarding Nordic Mines, please connect to www.nordicmines.com:
http://www.nordicmines.com/
The information above has been made public in accordance with the Securities Market Act and/or Financial Instruments Trading Act. The information was published at 08.00 (CET) on January 10, 2014.
Nordic Mines is a Nordic mining and exploration company whose vision is to be one of the leading gold producers in the Nordics and Europe and a role model in respecting the environment. The company started mining gold in the Laiva mine in Finland in summer 2011. These gold deposits are among the largest in the Nordic region. Exploration is in progress in Finland and in Sweden. Nordic Mines was established 2005 and have more the 100 employees with head office in Uppsala, Sweden, The Nordic Mines share is traded on the Nasdaq OMX Small Cap list in Stockholm.
http://hugin.info/138647/R/1753745/591604.pdf
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Nordic Mines AB via Globenewswire
