Endomines and Veljekset Toivanen Oy Strengthen Underground Mining Operations in Finland
Mining Growth in Finland
Endomines Finland Oyj’s subsidiary, Endomines Oy, has announced a strategic cooperation agreement with the esteemed mining contractor Veljekset Toivanen Oy. This partnership focuses on underground mining operations at the Hosko production site, marking a significant advance in regional mining activities.
Underground Mining at Hosko
The Hosko opencast mine commenced operations in February 2024 and is situated along the Karelian Gold Line, approximately 20 km north of Pampalo. Endomines is expanding its focus to incorporate underground mining to better exploit the site's gold resources.
- Ilkka Räty, Chief Operating Officer of Endomines, remarked on Veljekset Toivanen Oy's exceptional reputation and operational expertise, making them an ideal partner.
- With ongoing projects at both Pampalo and Hosko, the collaboration aims to enhance productivity and safety in mining operations.
Future Production Goals
Endomines is committed to maximizing the gold production potential of the Hosko area, with a medium-term target of reaching 20,000 oz of produced gold by year-end. Veljekset Toivanen Oy's involvement is a critical component in achieving this goal.
Ari Keskitalo, Head of Mining Operations, affirmed their dedication to responsible and effective mining, reflecting a shared vision between the two companies.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.