US/UK/Canada

Share

Pick a time period -
Tags ( Active)

QUARTERLY REPORT, FIRST QUARTER 2023

Press release: Stockholm, April 26, 2023, 08.45 CET HIGHLIGHTS OF THE FIRST QUARTER 2023 · Net sales was 67 MSEK compared to the previous year 114 MSEK. The main reason was a lower mining volume. The average silver grade developed positively   · EBITDA was 6 MSEK (38) · EBIT was -10 MSEK (15) · Cash and cash equivalents were 34 MSEK (44) · Investments were 8 MSEK (13) · The production was about 207 000 (336 000) ounces of silver, 516 (870) ounces of gold, 232 (465) tonnes of lead, and 515 (990) tonnes of zinc in concentrates · Company received gross

ANNOUNCEMENT FROM SOTKAMO SILVER AB AGM ON APRIL 18, 2023

Press release: Stockholm, April 18, 2023, 12:15 CET   The following main decisions were made at the AGM: The income statement and the balance sheet for both the parent company and the group regarding the financial year 2022 were adopted by the AGM. The AGM decided that no dividend would be paid out for the financial year 2022. The members of the Board and the CEO were granted discharge from liability for the financial year 2022. The AGM decided that the Board would comprise of six ordinary members without deputy directors. Jarmo Vesanto, Kimmo Luukkonen, Eeva-Liisa Virkkunen,

CORRECTION OF PRESS RELASE: NEW NUMBER OF SHARES AND VOTES IN SOTKAMO SILVER AB

Sotkamo Silver AB (“Sotkamo Silver” or the “Company”) corrects the English and Finnish versions of the press release "New number of shares and votes in Sotkamo Silver AB" published 31 March 2023 at 08:45 CET. The correction refers to the incorrect number of shares after the rights issue being stated in the English and Finnish versions of the press release. The correct number of shares after the rights issue is 285,758,153. The correct number of shares was stated in the Swedish press release.   For more information, please contact: Mikko Jalasto, CEO, tel. +358 50 482 1689 The

NEW NUMBER OF OUTSTANDING SHARES AND VOTES IN SOTKAMO SILVER AB

As a result of the rights issue that was resolved upon on 17 January 2023, and approved by the extraordinary general meeting on 16 February 2023, the number of outstanding shares and votes in Sotkamo Silver AB has changed.   The company is obliged by law to publish information regarding changes in the total number of shares or votes in the company.   Following the rights issue, the total number of outstanding shares and votes in the company amounts to 258,758,153.   For more information, please contact: Mikko Jalasto, CEO, tel. +358 50 482 1689 This information is

SOTKAMO SILVER: NOTICE OF ANNUAL GENERAL MEETING IN SOTKAMO SILVER AKTIEBOLAG (PUBL) ON 18 APRIL 2023

Press release: Stockholm, March 14, 2023, 14:00 CET Sotkamo Silver AB (publ) is announcing via this press release the notice of the Annual General Meeting on 18 April 2023. The notice will be published on Sotkamo Silver’s website and in Post- och Inrikes Tidningar (Swedish Official Gazette). Information that the notice has been published will be announced in Dagens Nyheter. Notice of Annual General Meeting in Sotkamo Silver AB (publ) on 18 April 2023 Shareholders of Sotkamo Silver AB, reg. no 556224-1892 are hereby invited to the Annual General Meeting (“AGM”) to be held on 18

SOTKAMO SILVER PUBLISHES THE FINAL RESULTS OF THE SHARE ISSUES

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN, SINGAPORE, SOUTH AFRICA, NEW ZEALAND, THE UNITED STATES OR ANY OTHER COUNTRY WHERE SUCH PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR REQUIRE ADDITIONAL DOCUMENTS TO BE PREPARED OR REGISTERED OR REQUIRE ANY OTHER ACTIONS TO BE TAKEN, IN ADDITION TO THE REQUIREMENTS UNDER SWEDISH LAW. THIS PRESS RELEASE IS NOT A PROSPECTUS OR AN OFFER FOR SALE OF SECURITIES. SECURITIES MAY NOT BE SOLD IN THE UNITED STATES ABSENT REGISTRATION WITH THE UNITED

SOTKAMO SILVER PUBLISHES A PROSPECTUS FOR ITS SHARE ISSUES

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN, SINGAPORE, SOUTH AFRICA, NEW ZEALAND, THE UNITED STATES OR ANY OTHER COUNTRY WHERE SUCH PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR REQUIRE ADDITIONAL DOCUMENTS TO BE PREPARED OR REGISTERED OR REQUIRE ANY OTHER ACTIONS TO BE TAKEN, IN ADDITION TO THE REQUIREMENTS UNDER SWEDISH LAW. THIS PRESS RELEASE IS NOT A PROSPECTUS OR AN OFFER FOR SALE OF SECURITIES. SECURITIES MAY NOT BE SOLD IN THE UNITED STATES ABSENT REGISTRATION WITH THE UNITED

Bulletin from Extraordinary General Meeting in Sotkamo Silver AB

Press release: Stockholm, February 16   Sotkamo Silver AB (the “Company”) has today, on 16 February 2023, held an Extraordinary General Meeting. The Extraordinary General Meeting approved the Board of Directors’ resolution on a rights issue of shares and on a directed issue of shares, as well as resolved in accordance with the other proposals connected therewith.   The Extraordinary General Meeting resolved to approve the Board of Directors’ resolution on 17 January 2023, of a rights issue of shares with preferential rights for the Company's existing shareholders. Through the

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”

SOTKAMO SILVER AND THE SENIOR LENDERS HAVE AGREED TO POSTPONE THE FIRST INSTALMENT OF THE SENIOR LOAN AGREEMENT

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN, SINGAPORE, SOUTH AFRICA, NEW ZEALAND, THE UNITED STATES OR ANY OTHER COUNTRY WHERE SUCH PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR REQUIRE ADDITIONAL DOCUMENTS TO BE PREPARED OR REGISTERED OR REQUIRE ANY OTHER ACTIONS TO BE TAKEN, IN ADDITION TO THE REQUIREMENTS UNDER SWEDISH LAW. THIS PRESS RELEASE IS NOT A PROSPECTUS OR AN OFFER FOR SALE OF SECURITIES. SECURITIES MAY NOT BE SOLD IN THE UNITED STATES ABSENT REGISTRATION WITH THE UNITED

Notice to Extraordinary General Meeting in Sotkamo Silver AB

N.B.   This notice has been prepared in both Swedish and English language versions. In the event of any discrepancies between the versions, the Swedish version shall prevail. Shareholders of Sotkamo Silver AB, reg. no 556224-1892 are hereby invited to an Extraordinary General Meeting to be held on 16 February 2023 at 10.00 CET at Advokatfirman Schjødt, Hamngatan 27 in Stockholm. The entrance to the meeting and registration will open at 09.30 CET. The Board of Directors have decided, pursuant to the company’s articles of association, that shareholders shall also have the right to

SOTKAMO SILVER’S BOARD OF DIRECTORS HAS RESOLVED UPON SHARE ISSUES OF IN AGGREGATE A MAXIMUM OF APPROX. EUR 5M, CONDITIONAL UPON THE EGM’S APPROVAL

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN, SINGAPORE, SOUTH AFRICA, NEW ZEALAND, THE UNITED STATES OR ANY OTHER COUNTRY WHERE SUCH PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR REQUIRE ADDITIONAL DOCUMENTS TO BE PREPARED OR REGISTERED OR REQUIRE ANY OTHER ACTIONS TO BE TAKEN, IN ADDITION TO THE REQUIREMENTS UNDER SWEDISH LAW. THIS PRESS RELEASE IS NOT A PROSPECTUS OR AN OFFER FOR SALE OF SECURITIES. SECURITIES MAY NOT BE SOLD IN THE UNITED STATES ABSENT REGISTRATION WITH THE UNITED

SOTKAMO SILVER ANNOUNCES THE INTENDED FINAL TERMS OF THE PLANNED SHARE ISSUES

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN, SINGAPORE, SOUTH AFRICA, NEW ZEALAND, THE UNITED STATES OR ANY OTHER COUNTRY WHERE SUCH PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR REQUIRE ADDITIONAL DOCUMENTS TO BE PREPARED OR REGISTERED OR REQUIRE ANY OTHER ACTIONS TO BE TAKEN, IN ADDITION TO THE REQUIREMENTS UNDER SWEDISH LAW. THIS PRESS RELEASE IS NOT A PROSPECTUS OR AN OFFER FOR SALE OF SECURITIES. SECURITIES MAY NOT BE SOLD IN THE UNITED STATES ABSENT REGISTRATION WITH THE UNITED

SOTKAMO SILVER AB PUBLISHES FINANCIAL INFORMATION FOR THE PERIOD JANUARY-NOVEMBER 2022

Press release December 20, 2022, Stockholm, 17:45 CETSotkamo Silver is planning new share issues of up to EUR 20 million to strengthen its financial position. The intended final terms of the issues, including the subscription price and the number of shares intended to be issued, will be published on or about 23 December 2022. As part of the rights issue, the Company will publish a prospectus in which the Company presents key financial information for the period January-November 2022. This release contains the financial information presented in the prospectus.   Highlights of October

SOTKAMO SILVER AB: SILVER MINE DRILLING RESULTS FOR 2022 PUBLISHED – RESULTS ARE GOOD AND SUPPORT THE TARGET OF INCREASING THE SILVER PRODUCTION

Press release: Stockholm, December 14, 2022 11:25 CET   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 -

Notice to Extraordinary General Meeting in Sotkamo Silver AB

N.B. This notice has been prepared in both Swedish and English language versions. In the event of any discrepancies between the versions, the Swedish version shall prevail. Shareholders of Sotkamo Silver AB, reg. no 556224-1892 are hereby invited to an Extraordinary General Meeting to be held on 28 December 2022. The meeting will be carried out through postal voting only, pursuant to temporary legislation. It will not be possible for shareholders to attend the meeting in person or by proxy. Notification etc.Shareholders who wish to attend the Extraordinary General Meeting must i) be

SOTKAMO SILVER PROPOSES SHARE ISSUES OF IN AGGREGATE APPROX. EUR 20M TO STRENGTHEN ITS FINANCIAL POSITION

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN, SINGAPORE, SOUTH AFRICA, NEW ZEALAND, THE UNITED STATES OR ANY OTHER COUNTRY WHERE SUCH PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR REQUIRE ADDITIONAL DOCUMENTS TO BE PREPARED OR REGISTERED OR REQUIRE ANY OTHER ACTIONS TO BE TAKEN, IN ADDITION TO THE REQUIREMENTS UNDER SWEDISH LAW. THIS PRESS RELEASE IS NOT A PROSPECTUS OR AN OFFER FOR SALE OF SECURITIES. SECURITIES MAY NOT BE SOLD IN THE UNITED STATES ABSENT REGISTRATION WITH THE UNITED

QUARTERLY REPORT, THIRD QUARTER 2022

Press release: Stockholm, October 21, 2022, 08.45 CET HIGHLIGHTS OF THE THIRD QUARTER 2022 · Net sales was 66 MSEK compared to the previous year 83 MSEK. The decrease was due to declined silver price and lower production · EBITDA was -10 MSEK (13) · EBIT was -32 MSEK (-9) · Cash and cash equivalents were 7 MSEK (48).  The Company has a credit limit of EUR 1.5 million. The Company initiated the process to consider options to raise additional funding · Investments were 17 MSEK (10) · The production was about 258 000 (308 000) ounces of silver, 790 (839)

SOTKAMO SILVER AB: UPDATED GUIDANCE FOR SILVER PRODUCTION IN 2022

Press release: Stockholm, October 18, 2022 12:00 CET   Sotkamo Silver AB revises the estimate for silver production in 2022 due to the uncertainty and fluctuation of electricity price. The updated guidance is based on the silver production of 875 Koz until the end of the third quarter, and the updated production schedule for the fourth quarter. Company is prepared for adjusting its’ production during the periods of higher electricity prices to optimize cash flow. The Company estimates ca.15-45 % monthly plant downtime due to the high electricity price and adjusted periodic production

SOTKAMO SILVER AB: NEW CHIEF OPERATING OFFICER TO THE SILVER MINE

Press release: Stockholm, October 7, 2022 14:00 CET   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. Stockholm, October 7, 2022 Sotkamo Silver AB Mikko Jalasto, CEO   Contact person Mikko Jalasto,

SOTKAMO SILVER AB: SOTKAMO SILVER OY'S CHANGE NEGOTIATIONS HAVE ENDED

Press release: Stockholm, October 7, 2022 11:05 CET.   The change negotiations initiated on September 5, 2022 have been ended. The change negotiations were started to adapt the operations to the prevailing general economic and market situation. The negotiations concerned the Company’s all personnel groups in Finland covering ca. 50 people. The change negotiations were conducted in a good spirit of cooperation.   During the change negotiations it was agreed to operate the plant periodically, if the Company sees it reasonable due to e.g. unusually high electricity prices.

SOTKAMO SILVER AB: MIKKO JALASTO APPOINTED TO A NEW CEO

Press release: Stockholm, September 16, 2022, 11:00 CET Board of Directors of Sotkamo Silver AB has appointed COO Mikko Jalasto to a new Chief Executive Officer (CEO) and managing director of Sotkamo Silver Oy. He will start in his new position immediately. Former CEO Erkki Kuronen gave the notice of resignation, and he will continue in a Company for an agreed period to ensure smooth transition. "I wish success to Mikko Jalasto, and I am confident that he, together with the management team and personnel, will continue the development of the Company and successful implementation of its

SOTKAMO SILVER OY WILL START CHANGE NEGOTIATIONS

Press release: Stockholm, September 5, 2022, 08:45 CET Sotkamo Silver Oy is starting the Change Negotiations in accordance with the Act on Cooperation with Undertakings in order to adapt its operations to the prevailing general economic and market situation. The scope of the Change Negotiations includes the Company's entire personnel, ca. 50 people. The sharply increased prices of energy and consumables and the simultaneous decline of the metal prices, as well as the great uncertainty and volatility associated with them, require measures to ensure the profitability of production and

There are no items matching the current filter
There are no more items matching the current filter
Back to top

Subscribe