DRAGON MINING (01712.HK): Receives First Royalty Payment from Pampalo Gold Mine

NewTimeSpace · 2026/08/18 19:39 · By Xuran Lin

NewTimeSpace News: On 18 August 2026, DRAGON MINING (01712.HK) announced the receipt of its first net smelter return royalty payment of EUR 103,669.07 for the Pampalo gold mine in Finland; the mine was sold in 2006 for EUR 6.2 million plus a 1.0% net smelter return.

NewTimeSpace News: On 18 August 2026, Dragon Mining Limited (stock code: 01712) announced that it has received the first net smelter return royalty payment of EUR 103,669.07 from Endomines Oy in respect of gold produced from the Pampalo gold mine in eastern Finland.

According to the announcement, the Company sold the Pampalo gold mine and related mining assets to Endomines Oy in 2006 for a one-off consideration of EUR 6.2 million and a 1.0% net smelter return, payable on gold production after the mining assets produce 203,000 ounces of gold, up to a maximum of EUR 1.5 million.

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