VAMMALA

Vammala Production Centre

The Vammala Production Centre is located in the Sastamala region in southern Finland, 165 kilometres northwest of Helsinki within close proximity of the operating Orivesi and Jokisivu Gold Mines.

The Vammala Plant is a 300,000 tonne per annum crushing, milling and flotation facility which was recommissioned in June 2007. Since recommissioning the plant has produced 120,060 ounces of gold in concentrate, which is refined and smelted at the Harjavalta smelter, 60 kilometres west of the plant.

The following table displays the production statistics for the Vammala Production Centre as at 30 September 2011.

    2007-2008* 2009 2010 2011** Total
Ore Milled tonnes 241,066 196,678 239,552 159,940 837,236
Average Head Grade g/t 6.44 5.51 4.71 4.18 5.34
Recovery % 84.35 82.80 86.87 83.74 83.45
Gold Produced ounces 42,110 28,749 31,464 17,760 120,083
Cash Costs (including smelter costs) USD/oz 673 690 747 966 740

*6 months of production for 2007
** 9 months to 30 September

The Vammala Production Centre is budgeted to produce 32,500 ounces in 2012, with production emanating from both the Sarvisuo and Kutema lodes at the Orivesi Gold Mine and at the Jokisivu Gold Mine.