Annual Report 2011 Contents 2011 in brief The year in brief 1 Sales and EBITDA Pahtavaara, per quarter CEO’s Comments 2 TSEK TSEK 120,000 40,000 Business concept, Objectives and Strategy 4 The Market 6 100,000 35,000 Operations 9 Environmental Activities 16 80,000 30,000 Five-Year Overview 17 60,000 25,000 Corporate Governance Report 18 The Lappland Goldminers’ Share 40,000 20,000 and Ownership 22 20,000 15,000 Administration Report 25 Financial Statements 30 0 10,000 Q 1 Q 2 Q 3 Q 4 Notes 40 Audit Report 60 Sales EBITDA Board of Directors and Auditor 61 Management 62 Gold production and EBITDA Pahtavaara, per quarter Lappland Goldminers and its subsidiaries 63 Kg TSEK Words and Expressions 65 200 40,000 Definitions of Key Ratios 66 160 34,000 Annual General Meeting 120 28,000 The Annual General Meeting of Lappland Goldminers AB (publ.) will be held at 5.30 p.m. on Thursday, 24 May 2012, in the Per- rongen room, Spårvagnshallarna, Birger Jarlsgatan 57A, Stockholm. 80 22,000 Shareholders wishing to participate must: l be registered in the shareholder register maintained by 40 16,000 Euroclear Sweden AB as of Friday, 18 May 2012; l notify Lappland Goldminers AB of their intention to participate 0 10,000 by no later than 4.00 p.m. on Monday, 21 May 2012, by post Q 1 Q 2 Q 3 Q 4 (Storgatan 36, SE-921 31 Lycksele, Sweden), by fax Production EBITDA (+46)-950-275 29), by telephone (+46)-950-275 00) or by e-mail (
[email protected]).