Endomines Expands Mining Operations in Hosko – Veljekset Toivanen Oy to implement underground mining contracts
Endomines Finland Plc – Press Release – 13/9/2024, at 13:30 EEST
Endomines Expands Mining Operations in Hosko – Veljekset Toivanen Oy to implement underground mining contracts
Endomines Finland Oyj’s subsidiary, Endomines Oy, has entered into a cooperation agreement with mining contractor Veljekset Toivanen Oy. The contract covers the underground mining operations in the Hosko production site.
Endomines opened the Hosko open pit mine in February 2024. Hosko is located on the Karelian Gold Line, about 20 km north of Pampalo. The company is now expanding its mining operations to include an underground mine in addition to the open pit mine. Veljekset Toivanen Oy has been selected as a partner for the underground mining contracts.
“Veljekset Toivanen Oy is a well-known and reliable mining contractor with extensive experience and expertise in the field. The company’s strong competence and commitment to responsible operations make it an excellent partner for Endomines,” says Ilkka Räty, Endomines’ Chief Operating Officer.
A Familiar Partner Helps in Achieving the Goals
Endomines has cooperated with Veljekset Toivanen also before this agreement. The company has been responsible for open pit mining in the Pampalo and Hosko production sites.
“It is great that our cooperation with Veljekset Toivanen continues. Veljekset Toivanen’s operations emphasize occupational safety, development activities, and professionalism, which gives us confidence to continue our collaboration,” says Räty.
Endomines strongly believes in the potential of the Hosko area, and through the underground mine, the company will be able to better utilize the area’s gold resources. The company’s medium-term goal is to increase gold production to 20,000 ounces by the end of the current year. The Hosko underground mine will help Endomines achieve this goal.
“Veljekset Toivanen Oy is proud to be part of this project. Our cooperation with Endomines is proof of the commitment of both companies to responsible and efficient mining,” comments Ari Keskitalo, Head of Mining Operations at Veljekset Toivanen Oy.
Image: Ilkka Räty and Ari Keskitalo
Further information:
Ilkka Räty
COO
Endomines Finland Oyj
+358 40 922 4419
ilkka.raty@endomines.com
Ari Keskitalo
Head of Mining Operations
Veljekset Toivanen Oy
+358 40 178 9887
ari.keskitalo@veljeksettoivanen.fi
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 also own the rights to seven gold deposits in the US. 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. We are a growing mining company that embraces new ways of thinking; we want to leave a positive footprint where we operate, which is why our goal is to grow the Karelian gold line into a significant, sustainable gold-producing region. Endomines is listed on the main list of OMX Helsinki (PAMPALO). www.endomines.com.