Sweden-based Nordic Mines AB will begin trading on the Stockholm Stock Exchange Mid Cap list on Jan. 2, just days after its Laiva gold mine in Finland reaches full production.
Nordic Mines, which is listed on the Stockholm Stock Exchange Small Cap list, expects Laiva to reach full production no later than next week.
Six years ago the company began exploration for Laiva, near Raahe close to the Baltic Sea coast in central Finland.
Based on analysis of 2010 core drilling, Nordic Mines estimates proven and probable ore reserves of 12.9 million metric tons with an average gold content of 1.85 grams of gold per metric ton.
