It rose as much as 8.8 percent, the biggest advance since April 18. It said proven and probable reserves were an estimated 16.9 million metric tons, up 4 million tons on the prior figure, with an average gold content of 1.60 grams (0.06 ounces) a ton.
“This indicates that the Laiva mine, located outside Raahe in central Finland, is one of the largest gold deposits in the Nordic region,” the explorer said in a statement. The estimates suggest it holds 27,000 kilos of gold, the Uppsala-based company said, adding it will investigate the mine and nearby areas.
Nordic Mines rose 4.1 percent to 35.40 kronor by 1:07 p.m. local time, the biggest gainer in the Stockholm All Share index.
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