Finland - Vammala

Vammala Production Centre

The Vammala Production Centre is located in the Sastamala region in southern Finland, 165 kilometres northwest of Helsinki. This region is well endowed with gold and nickel mineralization, the Production Centre 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 the plant has produced 87,720 ounces of gold in gravity gold and concerntrate.

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

The following table represents the Vammala Production Centre statistics as at 30 June 2010.

December 2007*December 2008December 2009June 2010**Total
Ore Mined tonnes 56,050 181,016 222,018 129,489 588,573
Ore Milled tonnes 69,679 171,387 196,678 124,374 562,118
Average Head Grade g/t 6.80 6.30 5.51 5.10 5.84
Recovery % 81.40 85.58 82.80 82.80 83.14
Gold Produced ounces 12,399 29,711 28,749 16,861 87,720
Cash Costs (including smelter costs) USD/oz 618 696 690 642 672

*6 months of production ** Year to date