mining company Nordic Mines, whose mines Laiva in northern Finland is currently not in operation, shall issue ordinary shares and preference shares of sek 23 million and is aiming to resume operation of the mine in 2017. It is clear from a press release.
to enable resumption of production, the company intends to “restructure the value chain in both economic ochoperativt by outsourcing the concentrator by a lease.” Thus, the company shall be kapitaleffektivt, at the same time that risks are reduced and created margins of 38% at a gold price of 1.080 dollars per ounce.
the Starting point is to “do much more with much less,” said the company.
the Goal is that when outsourcing both anrikningsverkets business as the end product of gold to a Indienbaserad guldhandelsaktör with a fixed kostnadsmarginal, which will reduce Nordic Mines-cash cost (cash cost) to $ 400 per ounce of gold.
this Model is designed for a threshold value of a production of 1,200 kilos and will be carried out through the leasing of the facility during a ten-year period, said the company.
the Negotiations for an outsourcing contract is currently in the “slufasen”. Proposed partners are and pull it ashore Jewellers in the United arab Emirates and Swarn Shilp in India.
this new operating model aims to increase efficiency by 20% and to improve the Nordic Mines gross profit margin to 38 percent in a baseline scenario with a gold price of 1080 dollars per ounce.
the Company expects additional financing of five million dollars to realize outsourcingmodellen.
the exercise price amounts to 0:55 sek for both stem – like preferred stock.
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