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Dragon Resources (01712): Received Endomines Oy's first net smelting return premium payment of 103,700 euros for gold produced by the Pampalo gold mine business in eastern Finland

Zhitongcaijing·08/18/2026 11:25:10
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Zhitong Finance App News, Dragon Resources (01712) announced that it has received an initial net smelting return premium payment of 103,700 euros from Endomines Oy for gold produced by the Pampalo gold mine business in eastern Finland. Dragon Resources sold the Pampalo gold mine and related mineral rights (mining assets) to Endomines Oy in 2006 at the cost of a one-time payment of 6.2 million euros and a net smelting return of 1.0% (after the mining assets produce 203,000 ounces of gold, they can only pay up to 1.5 million euros for the gold produced thereafter).