Nordic Gold is Europe’s newest gold producer.
Nordic Gold Inc. (NOR TSX-V) is a junior mining company with a producing gold mine in Finland. The first gold pour was on 30th November 2018, when 1,243 ounces were poured. The Laiva Gold Mine was financed to production via a US $ 20.6 million gold forward sale agreement. The mill has 250 tonne per hour capacity and will eventually process up to 2 million tonnes per year. Nordic expects to produce 60,000 ounces of gold in 2019, ramping up to 70,000 ounces on 2020. In addition, Nordic has significant "blue sky" exploration potential.
The Investment Case for Nordic Gold
Fully built, fully financed, fully permitted past producing gold mine in Finland. Finland is currently considered the top mining jurisdiction in the world.
The mine produced on average 9,000 ounces of gold per quarter whilst in production. Production scheduled to restart August 2018.
The operating team of 3 engineers, have between them 75 years of appropriate gold mining and production experience. The team has met all deadlines during the restart and is working diligently towards commercial production.
Two research houses have identified that Nordic Gold shares should be trading at $0.25 to $0.45. Nordic Gold is currently trading at $0.10. Additionally, these prices were based on 60% ownership; Nordic Gold now owns 100%.
For US based investors wanting to purchase Nordic Gold shares, please review the following links for directions on how to proceed.