KITTILA COURT DECISION ISSUED - KITTILA'S OPERATING PERMIT RESTORED TO 2 MILLION TONNES PER ANNUM; TOTAL 2023 GOLD PRODUCTION NOW EXPECTED TO BE NEAR UPPER END OF ANNUAL GUIDANCE RANGE
"We are pleased with the positive ruling by the Supreme Administrative Court of Finland, which allows Kittila to continue to operate at a rate of 2 mtpa.
- "We are pleased with the positive ruling by the Supreme Administrative Court of Finland, which allows Kittila to continue to operate at a rate of 2 mtpa.
- This ruling is consistent with our excellent environmental performance at Kittila, where we are well below the environmental emission limits.
- In August 2022, the Company appealed the decisions of the Vaasa Administrative Court to the SAC and requested that the SAC restore the permits.
- Overall, the Company now expects gold production to be near the upper end of its annual production guidance of between 3.24 million ounces to 3.44 million ounces per year in 2023.