· Goldproduction during the first quarter was 180 kgs (2009 - 117 kgs).
· The recoveries were better than plan but the gold grades were slightly lower
than expected. The program to improve grades, which was initiated during the
third quarter 2009, continues.
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Three months ended Twelve months ended
March 31 December 31
2010 2009 2009
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Gold production kgs 180 117 680
Gold production tr.oz 5.787 3.762 21.862
Ore mined, tonnes 108.136 47.348 307.009
Ore milled, tonnes 109.825 115.720 502.268
Gold grade Pahtavaara, grams per tonne 1,91 1,17 1,64
Gold recovery Pahtavaara, % 88,4 86,0 87,0
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Gold production per mine, kgs
Pahtavaara 180 117 586
Ersmarksberget - - 94
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Total 180 117 680
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Operating highlights during the first quarter
Mining and milling operation performed well, during the quarter, with the
exception of lower grades than expected from the mine in March. The grades are
now back to planned levels. The recoveries during the quarter exceeded
expectations and were higher than the fourth quarter 2009.
The program initiated during the third quarter 2009 continues and aims to
improve the knowledge about the inconsistency of the ore grades. The geometry of
the ore bodies are difficult to predict prior to mining due to the geometri of
the ore.
The previously communicated forecasted gold production for 2010, of more than
800 kgs of gold, remains.
For additional information:
Kjell Larsson, CEO Anders Haker, CFO
Tel. +46 950-275 06, + 46 70-385 03 57 Ph: +46 70-810 85 59
kjell.larsson@lgold.se anders.haker@lgold.se
<mailto:kjell.larsson@lgold.se> <mailto:anders.haker@lgold.se>
Also visit: www.lapplandgoldminers.com
<http://www.lapplandgoldminers.com>
About Mangold Fondkommission:
www.mangold.se <http://www.mangold.se>
Lappland Goldminers AB is a producing mining company with significant
exploration activities. The Company is listed on the market place First North
Premier under the name GOLD, with Mangold Fondkommission AB as Certified
Adviser, as well as on the Norwegian OTC list. Lappland Goldminers' strategy is
to develop mineral deposits into profitable producing mines. The Company is
strategically positioned with the the fully permitted Fäboliden gold project and
the Ersmarksberget deposit and processing plant in northern Sweden. The
Pahtavaara gold operation is located in the north of Finland and the Haveri gold
deposit in the south of Finland. Lappland Goldminers is a member of SveMin, the
Swedish association for mines, minerals and metal producers, and follows
SveMin's reporting rules for public mining and exploration companies.
[HUG#1404435]
Lappland Goldminers releases operating statistics for the first quarter 2010.
| Source: Lappland Goldminers AB
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