Endomines Finland Plc – Inside Information – 3/7/2026, at 9:40 EEST
Inside Information: Endomines Finland Plc operational update Jan–June 2026: Gold production reached a record level in the first half of the year
Pampalo's gold production increased by 9.7 percent in January–June 2026 compared to the corresponding period in 2025. In April-June, gold production increased by 9.7 percent compared to the corresponding period in 2025, amounting to 147.3 kilograms and 4,737 ounces. The production volume for January–June is the highest half-year production volume since the restart of production in December 2021.
Published production volumes are based on preliminary data, the final figures may change slightly after final specifications have been received for all deliveries to customers. However, the change in the figures reported here is not expected to be significant.
The company's full-year 2026 production is expected to grow 10–20% compared to the previous year.
“Our gold production continued to grow in line with our strategy, and we achieved a record level of production for the first six months of the year. The acquisition of the Pampalo underground mining operations, completed in 2025, was reflected in significantly improved production reliability during January–June. The increase in production volumes provides a foundation for exploration activities and other strategically important initiatives. The average gold price in January–June 2026 was USD 4,697 per ounce, compared with an average price of USD 3,072 per ounce in the corresponding period last year. Gold prices have seen a slight decline due to changes in interest rate expectations stemming from the war in Iran. However, in our view, the underlying fundamentals of the gold market continue to support gold price development in the second half of the year,” comments Kari Vyhtinen, the CEO of the company.
Further information:
Kari Vyhtinen
CEO
Endomines Finland Plc
kari.vyhtinen@endomines.com
+358 40 585 0050
Endomines Finland Plc is a Finnish forerunner in sustainable mining. Our mining operations in Pampalo, Ilomantsi region, focus on gold mining and processing, as well as exploration in the Karelian Gold Line, in Eastern Finland. We produce gold for the jewellery and electronics industries and create value by transforming natural resources into wealth, an investment that withstands the volatility of global politics. Our vision is to develop the Karelian Gold Line into one of the world’s most significant and sustainable gold-producing regions. Endomines is listed on the main list of OMX Helsinki (PAMPALO). www.endomines.com.