The mine is located near Raahe, Finland, and has a modern 6,000 t/day processing system with AG and pebble mill. Historical resources amount to approximately 2 million oz Au (M+I). The restart for 2025 is planned, starter production approximately 50 k oz/a, later up to 80 k oz.
Note: This page is regularly updated to provide you with the latest developments.
Why is Laiva Mine so significant?
The mine has Europe’s largest gold processing with 6,000 t/day capacity. Historical resources amount to approximately 2 million oz Au (M+I), with restart planned for 2025.
What resources have been identified?
Historical SRK annual data shows 2 million oz Au in measured, indicated, and inferred categories. The goal is a restart with 50 k oz/a, later up to 80 k oz/a.
What does the restart roadmap look like?
Laiva Gold is negotiating a reverse takeover with Edgemont for a CSE listing. At the same time, a private placement program is underway (> C$15 M) and production restart is scheduled for Q3 2025.
What advantages do location infrastructure offer?
Location in Finland with extremely stable power supply and infrastructure. Plant construction (Metso Outotec, FLSmidth) completed in 2010–2012, including two mills and a complete processing line.
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