29.05.2013

Endomines shares listed on NASDAQ OMX Helsinki

Mining company expects listing to attract private and institutional investors in Finland.

Swedish mining company Endomines has been accepted for parallel listing on the NASDAQ OMX Helsinki stock exchange’s main list, with trading starting on 14 May. According to Endomines CEO Markus Ekberg, the listing in Helsinki makes it easier for Finnish private and institutional investors to invest in the company.

“I believe Endomines is an interesting investment for many Finns because we have shown a steady progress in our gold production since the mining commenced. Also, we have a proven track record of meeting our goals and delivering according to plan,” says Ekberg.

Favourable environment

According to analysts from Tapiola Pankki, Endomine produced 867kg of gold last year from its Pampalo mine in eastern Finland and its production target this year is 900–1000kg. The company’s turnover was EUR 33.5 million in 2012 and profits were EUR 3.3 million.

According to Endomines, Finland’s infrastructure is well developed, the political operating environment is stable, and the geological prerequisites, newly revised mining law and state measures promoting mining activities create a favourable operating environment for the mining industry.

Endomines is also listed on the Stockholm Stock Exchange.


Source: Kauppalehti