Aankondiging • Feb 21
Sotkamo Silver AB Provides Production Guidance for the Year 2026 Sotkamo Silver AB provided production guidance for the year 2026. For the year, the Company expects to produce 0.9 million -1.2 million ounces of silver. Aankondiging • Jan 02
Sotkamo Silver AB Announces Ore Reserve Estimate of the Silver Mine Sotkamo Silver AB announced the Mineral Resource estimate has an effective date of December 30, 2025. Mineral resources do not have demonstrated economic viability. The estimate has been prepared and reported in accordance with the recommendations of the 2012 Australasian Code for Reporting of Mineral Resources and Ore Reserves (JORC 2012). Exchange rate used: USD 1.2. Base case cut-off grade for the estimate of the Mineral Resources is 40 g/t AgEq. AgEq = silver equivalent g/t. AgEq grade calculated using (USD prices of) silver USD 39.65 $/oz, gold USD 3,11 $/oz, lead 2, 002 $/t and zinc USD 2,726 $/t. Sotkamo Silver is not aware of any legal, political, environmental, or other risks that could materially affect the potential development of the Mineral Resources. Depending on the amount of the data within the domain either the Ordinary Kriging method ("OK") or Inverse Distance Squared ("ID2") algorithms for grade interpolation was used for the Silver Mine Mineral Resource using an experimental variogram models created for the elements Ag, Au, Pb and Zn. Estimation of Domains using the Inverse Distance Squared method ("ID2") algorithm using an individual search ellipsoid oriented to the average strike, plunge and dip of the mineralised zone. Samples within the wireframes were composited to 1 m intervals. The estimate is based on a block size of 5 m (X) by 10 m (Y) by 10m (Z), with sub-blocks of 1m by 1m by 1m. A bulk density value of 2.82t/m3 was assigned to all materials (ore and waste). Competent Person's Statement. The Information in this release that relates to Mineral Resources is based on information compiled by Ida Eriksson. She holds MAusIMM certification and works at Sotkamo Silver Oy as Head of Geology. Ms Eriksson has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources, and Ore Reserves". Aankondiging • Nov 22
Sotkamo Silver AB Revises Production Guidance for the Full Year 2025 Sotkamo Silver AB revised production guidance for the full year 2025. for the year, The Company expects to produce 0.8 million -0.9 million ounces of silver against 1.0 million -1.2 million ounces of silver expected previously. Aankondiging • Oct 16
Sotkamo Silver AB, Annual General Meeting, Apr 21, 2026 Sotkamo Silver AB, Annual General Meeting, Apr 21, 2026. Aankondiging • Jul 31
Sotkamo Silver AB to Report Q4, 2025 Results on Feb 20, 2026 Sotkamo Silver AB announced that they will report Q4, 2025 results on Feb 20, 2026 Aankondiging • Jul 24
Sotkamo Silver AB announced a financing transaction Sotkamo Silver AB announced a private placement to issue new shares, warrants and/or convertibles on July 23, 2025. The company has received approval from the shareholders in the extraordinary meeting. Aankondiging • Feb 14
Sotkamo Silver AB Provides Production Guidance for the Year 2025 Sotkamo Silver AB provided production guidance for the year 2025. The company expects to produce 1.2 1.4 million ounces of silver. Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: kr0.11 (vs kr0.039 in 3Q 2023) Third quarter 2024 results: EPS: kr0.11 (up from kr0.039 in 3Q 2023). Revenue: kr114.0m (up 1.3% from 3Q 2023). Net income: kr32.0m (up 186% from 3Q 2023). Profit margin: 28% (up from 10.0% in 3Q 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Aankondiging • Oct 25
Sotkamo Silver AB, Annual General Meeting, Apr 24, 2025 Sotkamo Silver AB, Annual General Meeting, Apr 24, 2025. Reported Earnings • Jul 28
Second quarter 2024 earnings released: kr0.12 loss per share (vs kr0.06 profit in 2Q 2023) Second quarter 2024 results: kr0.12 loss per share (down from kr0.06 profit in 2Q 2023). Revenue: kr96.6m (down 19% from 2Q 2023). Net loss: kr34.0m (down 299% from profit in 2Q 2023). Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 30
First quarter 2024 earnings released First quarter 2024 results: Revenue: kr93.9m (up 45% from 1Q 2023). Net loss: kr11.3m (loss narrowed 40% from 1Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 1.5% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Aankondiging • Apr 23
Sotkamo Silver AB Appoints Joni Lukkaroinen as Board Member Sotkamo Silver AB announced that at the Annual General Meeting held on 23 April 2024 Joni Lukkaroinen was elected as a new board member. Reported Earnings • Apr 03
Full year 2023 earnings released: EPS: kr0.095 (vs kr0.14 loss in FY 2022) Full year 2023 results: EPS: kr0.095 (up from kr0.14 loss in FY 2022). Revenue: kr411.8m (up 7.8% from FY 2022). Net income: kr27.2m (up kr55.0m from FY 2022). Profit margin: 6.6% (up from net loss in FY 2022). The move to profitability was primarily driven by higher revenue. Revenue is expected to decline by 2.4% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to grow by 1.2%. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 19
Full year 2023 earnings released: EPS: kr0.09 (vs kr0.14 loss in FY 2022) Full year 2023 results: EPS: kr0.09 (up from kr0.14 loss in FY 2022). Revenue: kr411.8m (up 7.8% from FY 2022). Net income: kr27.2m (up kr55.0m from FY 2022). Profit margin: 6.6% (up from net loss in FY 2022). The move to profitability was primarily driven by higher revenue. Revenue is forecast to decline by 2.4% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. Aankondiging • Dec 27
Sotkamo Silver AB Updates its Silver Mine Ore Reserve Estimate; the Estimated Ore Reserves Will Secure Mining in the Coming Years Sotkamo Silver AB according to its Ore Reserve estimate updated in December 2023, has assessed that the Ore Reserve of its Silver Mine amounts to a total of 1.45 million tons. The update of the Ore Reserve estimate does not change Sotkamo Silver's guidance or its 2023 production forecast. The company believes that the amount of Ore Reserve and currently known Mineral Resources are sufficient for about 7-8 years of mining and they will be increased with infill and exploration drilling planned for 2024 and 2025. Mineral Resources are upgraded to Ore Reserve with infill drilling. Exploration drilling increases the amount of known Mineral Resources in the area of the current mine. In the next few years, Sotkamo Silver will invest not only in the current mine, but also in the exploration and development of ore-critical areas in its vicinity. The Ore Reserve represents the portion of the Mineral Resources where production is concentrated in the short term. In this area, detailed infill drilling is carried out to ensure an optimised mine design. Sotkamo Silver is also striving to ensure with infill drilling that the Ore Reserve increases by at least one year's worth of production annually. The management of Sotkamo Silver also believes that with constant infill drilling, the company will be able to ensure that the Ore Reserve will be continuously available in sufficient quantities to enable three year’s worth of production. Sotkamo Silver's management and the Board of Directors estimate that a significant portion of the current Mineral Resources, which is not yet included in the Ore Reserve, can be included in the Ore Reserve in the future with continuous infill drilling. Mineral Resources represent assets that are fairly well known but have not yet been drilled in detail. These resources form the basis of the estimated Life of Mine, which currently extends to 2030. Areas located outside the current Mineral Resources offer additional opportunities for the expansion of the Silver Mine. By the end of 2025, Sotkamo Silver's goal is to extend the Life of Mine to 2035. In addition to Silver Mine development projects, Sotkamo Silver is also both developing and searching for future growth paths in accordance with its strategy. Sotkamo Silver plans research programs for the company's ore exploration areas and is currently modeling and refining its exploration operations for the coming years. Aankondiging • Nov 04
Sotkamo Silver AB to Report Fiscal Year 2023 Final Results on Apr 02, 2024 Sotkamo Silver AB announced that they will report fiscal year 2023 final results at 9:00 AM, E. Europe Standard Time on Apr 02, 2024 Reported Earnings • Oct 26
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: kr112.5m (up 70% from 3Q 2022). Net income: kr11.2m (up kr38.0m from 3Q 2022). Profit margin: 10.0% (up from net loss in 3Q 2022). Revenue is forecast to decline by 2.1% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 30
Second quarter 2023 earnings released: EPS: kr0.06 (vs kr0.029 loss in 2Q 2022) Second quarter 2023 results: EPS: kr0.06 (up from kr0.029 loss in 2Q 2022). Revenue: kr119.5m (up 39% from 2Q 2022). Net income: kr17.1m (up kr22.9m from 2Q 2022). Profit margin: 14% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 46% per year, which means it is significantly lagging earnings. Aankondiging • Jul 29
Sotkamo Silver AB Provides Production Guidance for the Year 2023 Sotkamo Silver AB provided production guidance for the year 2023. The Company expects to produce 1.4 -1.5 million ounces of silver in 2023. Breakeven Date Change • May 02
Forecast to breakeven in 2024 The analyst covering Sotkamo Silver expects the company to break even for the first time. New forecast suggests losses will reduce by 47% to 2023. The company is expected to make a profit of kr2.20m in 2024. Average annual earnings growth of 80% is required to achieve expected profit on schedule. Reported Earnings • Apr 27
First quarter 2023 earnings released: kr0.07 loss per share (vs kr0.042 profit in 1Q 2022) First quarter 2023 results: kr0.07 loss per share (down from kr0.042 profit in 1Q 2022). Revenue: kr64.6m (down 47% from 1Q 2022). Net loss: kr18.9m (down 325% from profit in 1Q 2022). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 1.1% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 16
Full year 2022 earnings released: kr0.14 loss per share (vs kr0.087 loss in FY 2021) Full year 2022 results: kr0.14 loss per share (further deteriorated from kr0.087 loss in FY 2021). Revenue: kr382.0m (down 1.4% from FY 2021). Net loss: kr27.8m (loss widened 59% from FY 2021). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 1.7% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings. Breakeven Date Change • Jan 04
No longer forecast to breakeven The analyst covering Sotkamo Silver no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of kr12.0m in 2024. New forecast suggests the company will make a loss of kr7.00m in 2024. Aankondiging • Dec 15
Sotkamo Silver AB Reports Drill Results from Drilling Programs Carried Out At the Silver Mine in Sotkamo Sotkamo Silver reports drill results from drilling programs carried out in Q4/2021-Q3/2022 at the Silver Mine in Sotkamo. In the drilling programs underground drilling was concentrated in the production areas for the coming years and surface drilling to the known lower part of the mineralization and areas open beside it, reaching a depth of about 700 meters. The results of underground drilling support the previous positive view of higher concentrations in the next planned production area between production levels 360 - 420. Additionally, now reported results of the drilling program confirm that concentrations and mineralization widths continue below level 420. Surface drilling was particularly targeted at levels in depth of 500-700 meters, and their results support the mineral resource and ore reserve update published in June 2022. In addition, surface drilling achieved a separate promising intersection outside the existing known mineralization. The results of surface drilling support the previous understanding of the continuation of the mineralization deeper and will guide drilling programs in these areas in the coming years. Future drilling is supporting detailing the mine's ore reserves and enable their cost-effective production planning and execution. Details of the drilling program and the most significant results: The drilling program for Q4/2021 consisted of surface drilling covering a total of 3,801 meters. The drilling in 2022 consisted of both surface and underground drilling. In 2022, a total of 3,999 meters of surface and 3,328 meters of underground drillholes have been drilled. A total of 7,327 meters have been drilled in 2022.Surface drill holes were targeted at the known lower part of the mineralization and open areas beside it, reaching a depth of about 700 meters. The underground holes were drilled from levels 340 to 420 and their deepest intersections reached between 470 and 550 m. The results of underground drilling support the previous positive view of the ore grades in the next planned production area on mining levels 360 - 420. The ore silver grades are expected to rise during 2023 to the level of previous operating years 2020-2021. In practice, this means an average silver content of about 90-110 g/t in the mined ore. The details of underground drilling and the most significant results are shown in the cross-section of the mine. Surface drilling was particularly targeted at levels of 500-700 meters and it's results support the mineral resource and ore reserve update published in the June 2022. The results provide a good starting point for further drilling of the P700 project and exploration of deeper areas of the mine. The intersections of the P-01 borehole at a depth of about 700-750 m and about 200 m west of the current orebody in production are very interesting. The intersections are located clearly on the side of the now known mineralization and the ore lenses that are being mined. Close to the surface (at a level of about 100 m) there is an old exploration hole drilled by Kajaani Oy with similar assay results of intersections. The dip and the direction correspond to the dip and direction of the ore lenses currently mined. These two drilling results and the existing mining infrastructure provide good starting points for research drilling in this potential area. Breakeven Date Change • Nov 16
Forecast to breakeven in 2024 The analyst covering Sotkamo Silver expects the company to break even for the first time. New forecast suggests the company will make a profit of kr12.0m in 2024. Average annual earnings growth of 59% is required to achieve expected profit on schedule. Breakeven Date Change • Nov 12
Forecast to breakeven in 2024 The analyst covering Sotkamo Silver expects the company to break even for the first time. New forecast suggests the company will make a profit of kr12.0m in 2024. Average annual earnings growth of 59% is required to achieve expected profit on schedule. Reported Earnings • Oct 24
Third quarter 2022 earnings released: kr0.13 loss per share (vs kr0.071 loss in 3Q 2021) Third quarter 2022 results: kr0.13 loss per share (further deteriorated from kr0.071 loss in 3Q 2021). Revenue: kr66.3m (down 18% from 3Q 2021). Net loss: kr26.8m (loss widened 87% from 3Q 2021). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.3% decline forecast for the Metals and Mining industry in Europe. Aankondiging • Oct 19
Sotkamo Silver AB Updates Guidance for Silver Production in 2022 Sotkamo Silver AB revised the estimate for silver production in 2022. Company estimated new production guidance for 2022 will be 1.0-1.2 million ounces. Decisions on adjusted production will be made to optimize the cash flow. Earlier production guidance for 2022 (given on July 29, 2022) was continue to focus on the production mix and optimization of the revenue and operative cashflow. Consequently, estimate that annual silver production in 2022 will be 1.25-1.35 million ounces. Aankondiging • Oct 08
Sotkamo Silver AB Appoints Pasi Määttä as New Chief Operating Officer Sotkamo Silver AB announced that Pasi Määttä, M.Sc. (eng.), has been nominated as Chief Operating Officer (COO) of Sotkamo Silver Oy. He will be responsible for the operations of the Silver Mine and belongs to the management team of the company. Since 2021 he has been working as Head of geology and mining for Sotkamo Silver. Pasi has 25 years' experience from mining industry and different managerial positions. He will start in his new role immediately. Aankondiging • Sep 01
Sotkamo Silver AB Announces Resignation of Karri Alameri from the Board of Directors Sotkamo Silver AB announced that Mr. Karri Alameri, member of the Board of Directors of Sotkamo Silver AB, has announced his resignation from the Board of Directors as of today. The reason for the resignation is his appointment as CEO of Savings Banks’ Union Coop The Company's nomination committee will assess the situation and, if necessary, start the work to appoint a new board member. Reported Earnings • Aug 03
Second quarter 2022 earnings released: kr0.029 loss per share (vs kr0.048 profit in 2Q 2021) Second quarter 2022 results: kr0.029 loss per share (down from kr0.048 profit in 2Q 2021). Revenue: kr86.3m (down 23% from 2Q 2021). Net loss: kr5.80m (down 160% from profit in 2Q 2021). Over the next year, revenue is forecast to stay flat compared to a 26% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. Breakeven Date Change • Aug 03
No longer forecast to breakeven The analyst covering Sotkamo Silver no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of kr12.9m in 2022. New forecast suggests the company will make a loss of kr5.00m in 2024. Aankondiging • Jul 29
Sotkamo Silver AB Provides Production Guidance for the Full Year 2022 Sotkamo Silver AB provided production guidance for the full year 2022. For the year, the company estimate that annual silver production will be 1.25 million ounces to 1.35 million ounces. Aankondiging • Jun 28
Sotkamo Silver AB Announces Updated Mineral Resource and Ore Reserve Estimates Indicate A Substantial Increase to the Life of Mine Sotkamo Silver AB announced the update of the Mineral Resource and Ore Reserve estimates of the Silver Mine. Mineral Resource Estimate ("MRE") totals to 9,242 million tons (Measured, Indicated and Inferred) at average grades of 54 g/t silver, 0,20 g/t gold, 0,23 % lead and 0,56 % zinc or 93 g/t as silver equivalent. MRE is prepared by Afry Finland Oy in accordance with the JORC 2012 code; Historic drilling data (prior to 2011) has been excluded from the dataset as it doesn't comply with the requirements of the JORC 2012 due to the lack of reliable survey and quality assurance/quality control practices of the time; Drilling conducted in 2020-2021, ca. 5,6 km, has been included in the estimation; MRE includes mineralization down to 550 to 700 meters. Ore Reserve Estimate ("ORE") totals to 1,909 million tons (Proven, Probable and Non-JORC) at average grades of 104 g/t silver, 0,29 g/t gold, 0,22 % lead and 0,52 % zinc or 129 g/t as silver equivalent: The detailed breakdown of the Ore Reserve classification is given in this release; ORE represents the portion of the MRE where the data has been sufficient to support the mine planning and the assessment reasonably justifies the eventual extraction; ORE has been prepared internally and the data from the historic drilling (prior to 2011) and the production stage sludge drilling has been used. Due to this, it can not be regarded as JORC 2012 compliant, but the management concludes that the prepared ORE gives a reliable estimate of the currently known mineable part of the Silver Mine; ORE includes to mineralization down to 450 meters (JORC-compatible) and includes stopes to 500-600 meters (Non-JORC). Exploration potential and new drilling in 2022: The Silver Mine remains open at the depth and further exploration targets have been identified also in the already drilled depths; Until now, company have drilled ca. 6 km of new drill core in 2022 both from the surface and underground and the full year target is ca. 12 km, which is significant increase to earlier; Drilling in 2022 has been directed to a) to further define and confirm the reserve between 350 to 500 meters, i.e., the development and production area during the next few years, and b) to confirm the continuity of the ore between 600 to 700 meters and create targets for further drilling. Aankondiging • Apr 28
Sotkamo Silver Elects Jukka Jokela as Director Sotkamo Silver AB, at its AGM held on April 27, 2022, elected Jukka Jokela as director. Aankondiging • Apr 26
Sotkamo Silver AB Provides Production Guidance for the Year 2022 Sotkamo Silver AB provided production guidance for the year 2022. The annual production guidance for 2022 is ca. 1.5 million ounces of silver in 2022. The company expects the silver production to remain in the current level until the autumn when the mining will commence from 420-level upwards. Primary target is to maximize the revenue and operative cash flow. To achieve this, the Company adjusts the mix of metals in the ore feed which might have an impact on the produced silver ounces. Aankondiging • Mar 31
Sotkamo Silver AB Announces the Release of the Assay Results of the Surface Drilling Campaign, and Update of the Mineral Resource and Ore Reserve Estimates of the Silver Mine Will Be Delayed Sotkamo Silver AB announced that the release of the assay results of the surface drilling campaign, and update of the Mineral Resource and Ore Reserve estimates of the Silver Mine will be delayed. The Company indicated earlier that the results and updated estimates would be released in First Quarter 2022. This is now expected during the Second Quarter 2022. The delays have been caused by lack and changes of the personnel, workload of the sample handling and assaying, lack of external resources and absences due to Covid-19. Reported Earnings • Feb 18
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: kr0.09 loss per share (up from kr0.26 loss in FY 2020). Revenue: kr388.0m (up 2.9% from FY 2020). Net loss: kr17.0m (loss narrowed 64% from FY 2020). Revenue exceeded analyst estimates by 1.0%. Over the next year, revenue is forecast to grow 2.1%, compared to a 13% growth forecast for the mining industry in Germany. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Aankondiging • Jan 25
Sotkamo Silver AB Updated Production Guidance for 2022 Sotkamo Silver AB updated production guidance for 2021. For the period, The company expects to produce ca. 1.5 million ounces of silver in 2022. However, primary target is to maximize the revenue and operative cashflow. To achieve this, adjust the mix of metals in ore feed which might have an impact to the produced silver ounces. Aankondiging • Dec 11
Sotkamo Silver AB Updates Production Guidance for 2021 Sotkamo Silver AB updated production guidance for 2021. The company estimated that the annual silver production in 2021 will be ca 1.38 million ounces. The annual production guidance of 1.45-1.75 million ounces remains unchanged. However, it expect that the annual production will end up close to the lower limit of 1.45 million ounces. Reported Earnings • Oct 16
Third quarter 2021 earnings released The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: kr81.0m (down 38% from 3Q 2020). Net loss: kr14.0m (down 141% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Breakeven Date Change • Oct 16
Forecast to breakeven in 2022 The analyst covering Sotkamo Silver expects the company to break even for the first time. New forecast suggests the company will make a profit of kr12.9m in 2022. Average annual earnings growth of 86% is required to achieve expected profit on schedule. Reported Earnings • Jul 16
Second quarter 2021 earnings released: EPS kr0.048 (vs kr0.34 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr111.5m (up 53% from 2Q 2020). Net income: kr9.60m (up kr71.0m from 2Q 2020). Profit margin: 8.6% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Aankondiging • Jul 15
Sotkamo Silver AB Provides Production Guidance for the Year 2021 Sotkamo Silver AB provided production guidance for the year 2021. The annual production guidance of 1.45 - 1.75 million ounces of silver for 2021. Executive Departure • May 03
Independent Director has left the company On the 27th of April, Maria Neovius' tenure as Independent Director ended after 2.0 years in the role. We don't have any record of a personal shareholding under Maria's name. A total of 2 executives have left over the last 12 months. Aankondiging • Apr 24
Sotkamo Silver AB Provides Production Guidance for the Year 2021 Sotkamo Silver AB provided production guidance for the year 2021. The Company restates the production guidance for 2021 and expects to produce between 1.45 million ounces - 1.75 million ounces of silver in 2021. Aankondiging • Mar 18
Sotkamo Silver AB to Report Fiscal Year 2020 Results on Apr 06, 2021 Sotkamo Silver AB announced that they will report fiscal year 2020 results on Apr 06, 2021 Aankondiging • Mar 15
Sotkamo Silver AB, Annual General Meeting, Apr 27, 2021 Sotkamo Silver AB, Annual General Meeting, Apr 27, 2021. Reported Earnings • Feb 19
Full year 2020 earnings released: kr0.26 loss per share (vs kr0.76 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: kr377.1m (up 91% from FY 2019). Net loss: kr46.7m (loss narrowed 54% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 19
Revenue misses expectations Revenue missed analyst estimates by 6.5%. Is New 90 Day High Low • Jan 30
New 90-day high: €0.35 The company is up 55% from its price of €0.23 on 30 October 2020. The German market is up 18% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 68% over the same period. Aankondiging • Nov 13
Sotkamo Silver AB Nominates Mikko Jalasto as Chief Operating Officer to the Silver Mine Mikko Jalasto has been nominated as Chief Operating Officer (COO) of Sotkamo Silver Oy. He will be responsible for the operations of the Silver Mine and belongs to the management team of the company. He has been working in the managerial positions of production, material handling and supply chain both in Finland and abroad. Previously he has been working for Elementis Minerals and he will start in his new role January 1, 2021. Reported Earnings • Oct 16
Third quarter earnings released Over the last 12 months the company has reported total losses of kr73.3m, with losses narrowing by 21% from the prior year. Total revenue was kr379.9m over the last 12 months, up 236% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 16
Third-quarter earnings released: Revenue beats expectations Third-quarter revenue exceeded analyst estimates by 19% at kr130.0m. Revenue is forecast to grow 10% over the next year, compared to a 7.3% growth forecast for the Metals and Mining industry in Germany. Aankondiging • Oct 07
Sotkamo Silver AB (NGM:SOSI) entered into an agreement to acquire mining and exploration rights of Hietaharju, Peura-aho and Hietaharju North from Boliden AB (publ) (OM:BOL). Sotkamo Silver AB (NGM:SOSI) entered into an agreement to acquire mining and exploration rights of Hietaharju, Peura-aho and Hietaharju North from Boliden AB (publ) (OM:BOL) on October 6, 2020. The transfer of rights requires the approval of the Mining Authority (Tukes). Aankondiging • Jun 30
Sotkamo Silver AB Announces CEO Changes Sotkamo Silver AB announced that Paul Johnsson, CEO has decided to move new challenges. Erkki Kuronen has been appointed to the new CEO as of June 29, 2020. He will also continue in his previous position as the Managing Director of otkamo Silver Oy and his place of employment is in Sotkamo. Erkki Kuronen has ca 15 years experience in the managerial positions in the mining industry.