SOTKAMO SILVER AB

Improved profitability by enhanced operational efficiency and higher silver grade

Half-Year Financial Report Q2/2023

1

Agenda of the day

  • Sotkamo Silver in brief
  • Strategy progress update
  • Highlights from Q2/2023
    • Financial and operational update
  • Outlook
  • Q&A

SOTKAMO SILVER AB

Sotkamo Silver in brief

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In brief

Sotkamo Silver supports the global development towards green transition technologies and produces the metals needed responsibly, taking local stakeholders into account

  • The silver mine in Sotkamo, Finland, produces silver, gold, zinc, and lead, which are sold to smelters according to a supply agreement
  • The Company holds mining and ore prospecting rights for mineral deposits in the vicinity of the silver mine in Kainuu
  • The Company collaborates with reliable partners in the value chain
  • Sotkamo Silver is committed to operating responsibly

Key financials - Q2/2023

Net salesEBITDAEBIT

120 MSEK

53 MSEK

34 MSEK

(90 in Q2/2022)

(6)

(-16)

Operational performance - Q2/2023

Milled ore, tonnes

Silver production

Silver grade, g/tonnes,

average

137,000

383 koz

101

(169,000)

(281)

(62)

Sotkamo Silver as an investment

1.

A Strong Demand for

Silver on the Market due to the Green Transition

2.

3.

4.

Continuous

Plans to Extend

The Ore Prospecting

Production

the Life of the

Programme, Promising

and a Delivery

Silver Mine

Mineral Resources and

Contract for

Strong Expertise are

Concentrates

Creating a Future

Growth Path

5.

Commitment to Sustainable Development

Attachments

Disclaimer

Sotkamo Silver AB published this content on 28 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2023 08:08:11 UTC.