Lappland Goldminers achieved its highest quarterly production from Pahtavaara
during the fourth quarter and 211 kgs were produced. For the full year 688 kgs
of gold were produced by the group.
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Three months ended Twelve months ended
December 31 December 31
2009 2008 2009 2008
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Gold production kgs 211 27 688 65
Gold production tr.oz 6.563 840 21.399 2.022
Ore mined, tonnes 114.451 - 307.009 -
Ore milled, tonnes 117.799 100.248 502.268 228.854
Gold grade Pahtavaara,
grams per tonne 2,06 0,33 1,64 0,29 *
Gold recovery Pahtavaara,
% 86,2 80,5 87,0 79,9 *
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Gold production per mine,
kgs
Pahtavaara 211 27 594 65
Ersmarksberget (Blaiken
plant) - - 94 -
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Total 211 27 688 65
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* operations were ramping up during 2008. Numbers for 2008 include period
July to December.
Operating highlights during the fourth quarter
Gold for the fourth quarter was entirely produced from the Pahtavaara mine.
Mining operations performed well during the quarter with the exception of lower
grades in October as the operation mined low grade areas as in the third
quarter. The gold grades in November and December exceeded 2 grams per tonne of
mined ore and have since continuedon the planned level.
The annual production from Pahtavaara was marginally below the plan for the
year, however, the recoveries increased to 87 percent from a planned 85 percent.
Mining production started at a low level at the beginning of the year. When the
mine opened, mill feed was mixed with lower grade waste material. However, with
continuous mining production from May to the end of the year, tonnages and
grades have steadily improved.
For additional information:
Kjell Larsson, CEO
Tel. +46 950-275 06, + 46 70-385 03 57
kjell.larsson@lgold.se
<mailto:kjell.larsson@lgold.se>
Also visit: www.lapplandgoldminers.com <http://www.lapplandgoldminers.com/>
About Mangold Fondkommission: www.mangold.se <http://www.mangold.se/>
Lappland Goldminers AB is a mining company with exploration assets. Lappland
Goldminers strategy is to develop into a profitable, producing gold company,
with centrally located processing plants in gold regions. The company is
currently operating the Pahtavaara gold mine in northern Finland and plans to
develop the fully permitted Fäboliden gold deposit in Lappland, Sweden and the
Ersmarksberget gold deposit in the same area.
Lappland Goldminers holds several additional assets such as the Haveri project
in central Finland and several exploration assets located along the Gold Line in
Sweden. Lappland Goldminers is a member of SveMin, the Swedish association for
mines, minerals and metal producers, and follows SveMin's reporting rules for
public mining and exploration companies. The Company is listed on the market
place "First North Premier" under the name GOLD, with Mangold Fondkommission AB
as Certified Adviser, as well as on the Norwegian OTC list.
[HUG#1374775]
Lappland Goldminers releases operating statistics for the fourth quarter 2009 and full year 2009.
| Source: Lappland Goldminers AB
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