SOTKAMO SILVER AB: SOTKAMO SILVER GIVES GUIDANCE FOR THE YEAR 2023 AND HAS DEFINED MEDIUM-TERM OPERATIONAL AND FINANCIAL TARGETS TO SUPPORT THE IMPLEMENTATION OF THE STRATEGY
Press release: Stockholm, February 14, 2023 08:40 CET Guidance for 2023 The Company expects to produce 1.4 -1.5 million ounces of silver in 2023. However, Company’s primary target is to maximize the revenue and operative cash flow. To achieve this, Company adjusts the mix of metals in the ore feed which might have an impact on the produced silver ounces. Further Company expects annual EBITDA to be at least 28 % and net debt-to-EBITDA to be below 2.5 at year-end. Medium-term Targets Silver Mine is the foundation of Sotkamo Silver to become ”the best in class”