Endomines PAMPALO
This picture changes. Follow Endomines free — email when the signal or risk changes + a Sunday weekly brief.
Follow Endomines freeEmail when the signal or risk changes · Sunday weekly brief
No card · No time limit on free tier · Upgrade when you need more
Full analysis: 6 Apr 2026
Latest news check: 2 Aug 2026
General analysis — not personal advice.
NEUTRAL
6/10
Confidence
Consider waiting or scaling in a small position into/after the Q1 report depending on margins and cash flow.
Strong operational momentum and fresh drilling results are balanced against Inderes' target cut and ongoing uncertainty around valuation and capex.
Market sentiment
7/10
↑
Trend: Improving
News flow mixes positive drilling results with analyst caution on valuation and execution risks.
Price context
The share price has declined from around 8.80 EUR early in July to approximately 7.50 EUR by month-end.
Risk assessment
6/10
Dilution:
Medium
Future CAPEX may require additional funding
Jurisdiction:
Low
Finland/EU operations, stable regulatory regime
Execution:
Medium
Expansion and permitting require strong delivery
About the company
Endomines is a Finnish gold producer operating Pampalo/Hosko and exploring along the Karelian Gold Line. After selling its US assets, the company is focused on Finland and pursuing a growth plan that also targets critical minerals (tungsten/molybdenum) on the Southern Gold Line.
Sector:
Gold (with tungsten and molybdenum optionality)
Type:
Producer
Next report
13 Aug 2026
Interim
Catalysts
13 Aug 2026
H1 2026 Interim Report
High
Q4 2026
UKKO: strong drilling results and maiden resource estimate
Medium
Unknown
Binding tungsten agreement
High
Horizon:
Bull case
New drilling results at Ukko strengthen the long-term resource base and production potential.
Bear case
Inderes' lowered recommendation and high valuation raise the risk of disappointment if expansion does not deliver as planned.
Signal rationale (informational)
Strong operational momentum and fresh drilling results are balanced against Inderes' target cut and ongoing uncertainty around valuation and capex.
Recent news
- Endomines released new drilling results from the Ukko deposit on 30 July extending the known strike to 650 metres. Inderes lowered its target price to 8.60 EUR and recommendation to Reduce on 28 July citing high valuation and expansion risks. Q2 gold production rose 9.7 percent to 147.3 kg.
Key figures
Revenue
Q1 2026
EUR 18.5M
EBITDA
Q1 2026
EUR 8.8M
Net income
Q1 2026
EUR 7.1M
Shares outstanding
current
EUR 36.3M
EPS
Q1 2026
EUR 0.20
Exchange
Helsinki
Type
Producer
Sector
Gold (with tungsten and molybdenum optionality)
This picture changes. Follow Endomines free — email when the signal or risk changes + a Sunday weekly brief.
Follow 3 companies freeEmail when the signal or risk changes · Sunday weekly brief
No card · No time limit on free tier · Upgrade when you need more
Firelda provides general information and analysis, not personal investment advice. Content does not consider your financial situation or goals. Investments can rise and fall in value. Always do your own research.