Statement on Media Coverage of the Laivakangas Gold Mine Environmental Permits

Edmonton, Alberta--(Newsfile Corp. - June 12, 2026) - Laiva Gold Inc. ("Laiva", or the "Company") reports that recent media coverage of the Laivakangas gold mine has presented an incomplete and at times one-sided picture of the mine's situation, with reporting focusing predominantly on past deficiencies without adequately reflecting the significant progress that has since been made. We wish to provide a comprehensive and more accurate account of the mine's current status, the measures taken, and the broader context in which these matters should be assessed.

As a starting point we wish to emphasize that, as a result of measures undertaken by Laiva Gold, the mine is currently in compliance with its permit conditions. In the periodic inspection by Finnish authorities held in October 2025, all recommendations for action that the Finnish authorities had given to Laiva the previous year were deemed to have been fulfilled, and no new deficiencies were observed at the mine. Accordingly, Finnish authorities are fully satisfied with the current state of the mine.

Some media coverage has painted a picture that there would have been serious environmental harm and major dam risks at the mine. This is incorrect. At no point has any actual danger to the environment even been alleged to have existed at the mine. The reasoning in the decisions concerning revocation of the environmental permits has referred solely to a general-level environmental risk in mines in general. No signs of an impending dam breach or other safety threats have ever been observed.

The concentrations of harmful substances in the water originating from the mine have consistently remained very low and below detection limits. The quality of water discharged from the mining area has been stable and consistent with the characteristics of the area's natural waters. Cyanide levels, which have featured prominently in some media coverage, have at no point been at issue in these proceedings, as they have remained well within regulatory limits. The environmental conditions at the mine have, at all times, been subject to continuous monitoring, and the authorities have had full awareness of the situation and full ability to intervene had any actual risk materialised at any point in time.

Schreibe Deinen Kommentar