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
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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.