Laiva Gold Inc is excited to announce the successful completion of a significant funding round, raising €7 million to further advance its strategic goals and bolster operations at the Laiva Mine, located near Raahe, Finland. This infusion of capital will play a crucial role in preparing the site for its eagerly anticipated production restart in April 2024. As a fully permitted open pit operation, Laiva Gold’s mine features a robust infrastructure with a current replacement value exceeding €400 million, including an advanced processing plant constructed by industry leaders Metso and Outotec. The funding will facilitate essential upgrades to the processing capabilities, enhance operational efficiency, and ensure compliance with environmental standards as the company gears up for production. The Laiva Mine is poised to contribute significantly to the local economy and the broader European mining sector, tapping into Finland's rich mineral resources. With this financial backing, Laiva Gold is well-positioned to capitalize on market opportunities and further solidify its presence in the gold mining industry. The management team, led by CEO Jim Jackson, remains committed to fostering a sustainable and responsible mining operation. Interested investors can reach out to Head of Investor Relations, Edward Balme at Edward.Balme@LaivaGold.com, while those seeking job opportunities are encouraged to contact Jim Jackson directly at Jim.Jackson@LaivaGold.com. This pivotal moment marks an exciting chapter for Laiva Gold as it embarks on a path of growth and innovation, driven by commitment to both shareholders and the communities in which it operates.
Laiva Gold Secures Substantial Funding to Enhance Operations at Laiva Mine in Finland
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