Name

Dragon Mining

Legal name

Dragon Mining Limited

Website

https://dragonmining.com

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Gold Mining

NAICS

Gold Ore and Silver Ore Mining (212220)

SIC

Gold And Silver Ores (1040), Metal Mining (1000)

akta.pro primary industry

Gold Mining (IMAKAEAA)

Keywords

• Gold mining operations
• Gold ore processing
• Mineral resource extraction
• Precious metals production
• Nordic gold mining

Headquarters

HQ city

South Perth

HQ country

Australia

HQ region

Oceania

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Infrastructure, Others, Supply Chain

Revenue model

1. Gold Production and Sales: Dragon Mining generates revenue primarily through the production and sale of gold. The company operates gold mines in Sweden and Finland, processing ore at its Vammala and Svartliden plants. Gold concentrate is processed into doré bars at the Svartliden Plant and refined by Argor-Heraeus in Switzerland. Revenue doubled to A$143.76 million with a 41.9% net profit margin in the latest period.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Dragon Mining is an established Nordic gold producer that explores, develops, and operates gold mines in Sweden and Finland. The company extracts ore from its wholly-owned underground and open-pit mines, processes it through company-owned Vammala (flotation) and Svartliden (CIL) plants, and produces gold doré bars that are refined by Argor-Heraeus in Switzerland. Since entering the Nordic region in 2000, Dragon Mining has generated over 800,000 ounces of gold across multiple project sites.

Product overview

Dragon Mining is a Nordic gold producer operating a portfolio of mining and processing assets in Sweden and Finland. The company operates two production centres: the Vammala Production Centre in southern Finland (encompassing the Vammala Plant, Jokisivu Gold Mine, Kaapelinkulma Gold Mine, Orivesi Gold Mine, and Uunimäki Gold Project), and the Svartliden Production Centre in northern Sweden (encompassing the Svartliden Plant, Fäboliden Gold Mine, and the closed Svartliden Gold Mine). Gold concentrate from Vammala is processed at the Svartliden Plant to produce doré bars refined by Argor-Heraeus in Switzerland. The company has generated over 800,000 ounces of gold to date from its Nordic operations since first entering the region in 2000.

Differentiator

Problem solved

Functional benefit

Products and services

• Jokisivu Gold Mine Underground gold mine located in southern Finland within the Vammala Migmatite Belt, producing gold from auriferous quartz vein arrays controlled by brittle-ductile shear zones. Dragon Mining's currently active underground gold operation.
• Kaapelinkulma Gold Mine Small, medium to high-grade gold deposit located in Valkeakoski municipality in southern Finland, associated with shear zones near the western contact of a quartz diorite body. Open-pit mining was completed in April 2021.
• Orivesi Gold Mine Gold mine located in the Pirkanmaa Region in southern Finland, representing a metamorphosed palaeo-epithermal deposit. Mining ceased in June 2019 following exhaustion of defined Ore Reserves. Total production of 3.3 million tonnes grading 7.1 g/t gold since 1992.
• Fäboliden Gold Mine Orogenic gold deposit located in northern Sweden along the Gold Line, 700km north of Stockholm. Ore is trucked to the Svartliden Plant 30 kilometres by road for processing. Currently in test mining phase.
• Svartliden Gold Mine Orogenic gold deposit in northern Sweden, 700km north of Stockholm within the Gold Line. Mining commenced in 2004 and was completed in late 2013. Total production of 377,347 ounces of gold at 4.1 g/t gold grade; the Svartliden Plant subsequently processed concentrates from Finnish operations.
• Uunimäki Gold Project Advanced gold exploration project located 80 kilometres southwest of Tampere in the Satakunta Region in southern Finland. Gold mineralisation is associated with arsenopyrite-bearing quartz veins hosted within a sheared metamorphosed gabbro, situated within trucking distance of the Vammala Plant.
• Vammala Plant 300,000 tonne per annum crushing, milling and flotation facility located in southern Finland, processing ore from the Jokisivu Gold Mine. Produces gold concentrate for transport to the Svartliden Plant for further processing.
• Svartliden Plant Conventional comminution and carbon-in-leach (CIL) circuit processing facility with design capacity of 300,000 tonnes per annum, located in northern Sweden. Produces doré bars that are refined by Argor-Heraeus in Switzerland; processes concentrates from Finnish operations and ore from Fäboliden.

Quantifiable outcome

• Revenue doubled to A$143.76 million with 41.9% net profit margin in latest period
• +1 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Argor-HeraeuscoreImplementation/ SI/ Consulting PartnerGold produced at the Vammala Plant is processed into concentrate, with the majority transported to Dragon Mining's wholly owned Svartliden Plant in northern Sweden to produce doré bars, which are subsequently refined by Argor-Heraeus in Switzerland. A small amount of gravity gold is also delivered to the Argor-Heraeus refinery.
• MoJoe Mining Pty LtdcoreImplementation/ SI/ Consulting PartnerIndependent mining consultants in Western Australia engaged to undertake Mineral Resource and Ore Reserve estimates. Personnel have exposure to best practices in modelling and estimation methods and conducted site visits of mining projects in 2022. Estimates reported in compliance with JORC Code 2012 Edition.
• Ashmore Advisory Pty LtdcoreImplementation/ SI/ Consulting PartnerIndependent consulting firm engaged to review mineral resource estimates. Mr. Shaun Searle, a Director of Ashmore and Member of the Australian Institute of Geoscientists, serves as the Competent Person for JORC Code reporting.
• TSM Finland NetworkminorStrategic or Co-development PartnerDragon Mining OY (DOY) has committed to the Towards Sustainable Mining (TSM) initiative and actively applies its protocols across Finnish operations. Social responsibility reports are published on the TSM Finland network website.
• Swedish Association of Mines Mineral and Metal Producers (Svemin)minorStrategic or Co-development PartnerDragon Mining AB (DAB) is a member of Svemin, which has formulated a road map to guide member companies towards achieving a net positive contribution to biological diversity by 2030.

Scale indicators10 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Endomines AB: Nordic-focused gold producer operating in Finland with similar scale of underground mining operations and comparable regulatory exposure in the same jurisdictions as Dragon Mining.
• Resolute Mining Limited: Australian-listed mid-tier gold producer with comparable small-to-mid cap size, multi-jurisdiction operations, and gold doré production model similar to Dragon Mining's integrated approach.
• Mandalay Resources Corporation: Small-cap gold and antimony producer with comparable market capitalization, multiple mine operations, and focus on producing gold doré bars from underground operations in jurisdictions outside North America.
• Westgold Resources Limited: Australian-listed gold producer with multiple operating mines and owned processing plants — directly comparable operating model to Dragon Mining's portfolio of mines plus two processing facilities.
• Ramelius Resources Limited: Australian-listed mid-cap gold producer with multiple underground and open-pit operations and owned processing infrastructure; operates at a similar scale and growth profile to Dragon Mining.

Broad incumbents

• Newmont Corporation: World's largest gold miner with global diversified operations; relevant benchmark for industry valuation, ESG standards, and the broader gold sector dynamics that drive Dragon Mining's revenue.
• Boliden AB: Major Swedish base and precious metals miner with operations in the same Nordic jurisdictions as Dragon Mining; produces gold as a byproduct alongside base metals at much larger scale.
• Agnico Eagle Mines Limited: Major gold producer with Nordic operations including Finland's Kittilä mine, the largest gold mine in Europe; competing for talent, capital, and regulatory standing in the same Nordic region.

Emerging players

• Capricorn Metals Ltd: Australian-listed emerging gold producer with a similar mine-to-doré operating model and Australian-listed equity structure; comparable in scale to Dragon Mining's current production profile.

Others

• Argor-Heraeus SA: Swiss precious metals refiner and Dragon Mining's downstream refining partner; relevant as the off-taker of all doré and gravity gold produced by the company.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/dragonmining

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Dragon Mining