Sotkamo Silver: Silber, Gold, Zink in Nordskandinavien

[Petronius]

SALVE!

Ich sehe gerade, dass es in März Umsätze von gut 800k Aktien in Frankfurt gab, am letzten Freitag ebenso 800k an einem Tag: https://www.wallstreet-online.de/aktien/sotkamo-silver-aktie…

Bisher habe ich keine Börsenumsätze bemerkt.
Die AKtie erwacht langsam.

Petronius

[Petronius]

SALVE!

Sotkamo hat heute an der 15-Cent-Marke geknabbert, SIlber steht von 28 USD.
Erstaunlicherweise berichte ich hier alleine zu Sotkamo.
DIe Firma betreibt eine Silbermine in Europa, aber irgendwie interessiert das niemand.
Es gibt ein zweites Explorationsprojekt und nur Streuaktionäre.

Ich denke mir, da wird bald mehr Dynamik reinkommen.

Petronius

[Petronius]

SALVE!!!


Sotkamo ist wieder über 10 Cent!!!!
https://www.nasdaqomxnordic.com/shares/microsite?Instrument=…

Petronius

[Petronius]

SALVE!

Sotkamo steht kurz vor Durchbruch über 0.10 EUR.
Mittlerweile findet man erste Diskussionen auf X oder SimplyWallstreet.
https://twitter.com/SvdHijden/status/1767858754526060880
https://simplywall.st/stocks/se/materials/ngm-sosi/sotkamo-s…

Petronius

[Petronius]

GB 2023

SALVE!

Drr Geschäftsbericht für 2023 liegt vor.
Das EBIT für das Gesamtjahr ist 67MSEK (etwa 5.9 Mio EUR).
Der Turnaround ist verfestigt.
Neben besseren Preisen und Silber-Grad in Produktion hat aber auch ein anderen Faktor beigetragen: Massiver Rückgang der Nergiekosten. Warum? Finnland hat ein Atomkraftwerk ans Netz gebracht, so dass der Strompreis abgestürzt ist. 😎

Petronius
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https://storage.mfn.se/c2772955-2d0b-418c-a4e3-4e2801c4b443/…

Sotkamo Silver Financial Statement Release: A strong finish to a turnaround year
Sotkamo Silver AB | Stock Exchange Release | February 14, 2024 at 09:00:00 EET

HIGHLIGHTS

October - December

Net sales increased by 9 % to 109 MSEK (100 MSEK), driven mainly by a higher silver production volume, higher average silver grade and positive development of silver price. Sales of zinc and lead decreased driven mainly by lower zinc price and lower head grades
EBITDA increased by 125 % to 44 MSEK (19), EBITDA margin increased by 106 % to 40 % (19)
EBIT increased to 25 MSEK (-1)
Profitability increased significantly driven by a higher average silver grade, higher silver price, improved efficiency of mining activities, decreased energy prices, and lower mining volumes. The cost control measures initiated during the previous year had a positive impact on the Company’s operational costs
Cash and cash equivalents increased to 79 MSEK (1)
Investments increased by 65 % to 18 MSEK (11)
The production amounted to approximately 409,000 ounces of silver (294,000), 902 ounces of gold (829), 177 tonnes of lead (401), and 287 tonnes of zinc (874) in concentrates
January – December

During 2023, Sotkamo Silver successfully implemented operational and financial turnaround, resulting in improved profitability and the fulfillment of all of the Company’s targets in line with its guidance
Net sales increased by 10 % to 407 MSEK (371 MSEK), driven mainly by a higher average silver grade and positive development of silver price
EBITDA increased by 163 % to 140 MSEK (53), EBITDA margin increased by 139 % to 34 % (14)
EBIT increased to 67 MSEK (-34)
After the first quarter, profitability increased to a good level and the net debt-to-EBITDA ratio declined to 1.5
Cash and cash equivalents increased to 79 MSEK (1)
Investments decreased by 24 % to 46 MSEK (61)
The production was approximately 1,411,000 ounces of silver (1,169,000), 3,048 ounces of gold (3,285), 909 tonnes of lead (1,535), and 1,857 tonnes of zinc (3,335) in concentrates
During the first quarter, the Company secured gross proceeds from a rights issue (3.4 MEUR) and renegotiated the terms of its senior loan agreement to postpone the first installment (1.5 MEUR) to March 2026.
Comparative figures refer to the corresponding period of the previous year. In case of discrepancies, the official Swedish version of this report prevails

OUTLOOK

Guidance for 2024

The Company gives the following guidance for 2024:

The Company expects to produce 1.45 -1.55 million ounces of silver in 2024
Annual EBITDA to be at least 28 %
Net debt-to-EBITDA to be below 2.0 at year-end
The Company expects profitability to remain at a good level in 2024. Profitability is supported by improved operational efficiency but burdened by inflation and cost escalation. The Company's profitability is significantly affected by external factors, such as metal prices, exchange rates and inflation. The achievement of the guidance assumes a slight increase in metal prices and EUR/USD rate to remain approximately at the level of the time when the guidance is published (14 February 2024).

CEO REVIEW, MIKKO JALASTO

Sotkamo Silver ended the year with a strong fourth quarter. Silver production remained at a high level (409,000 ounces) and net sales increased by 9% from the previous year. EBITDA improved both year-on-year and quarter-on-quarter to SEK 44 million. Improvements in profitability were supported by the increased operational efficiency after the comparison period, the firm silver price, and lower mining costs during the final quarter. Additionally, the EBITDA margin was influenced by a lower electricity price compared to the previous year.

During the fourth quarter, we also made significant progress towards our key strategic sustainability goals. Our objective is to achieve an A-level rating across all aspects of the Responsible Mining System as verified by an independent auditor. According to the latest assessment by management, by the end of the year 2023, we were largely ready in four main areas: tailings management, water treatment, occupational health and safety, and stakeholder engagement. We will also continue our efforts to reduce nitrogen emissions.

In December, we reported the results of infill drilling, which were in line with our expectations and support the mining activities for the coming years. We believe the current known ore reserves and mineral resources are sufficient for approximately 7-8 years of mining. These will be further supplemented during years 2024-2025.

Overall, the year 2023 progressed as planned, following the change of the mining contractor during the first quarter. The strategic targets we set in our rights issue in the beginning of the year 2023 have largely been achieved, and the company has successfully executed a clear operational and financial turnaround. At the end of 2022, we communicated that silver head grades would improve as we begin mining at lower levels, and this has now occurred thanks to effective execution and planning.

The turnaround was perhaps most clearly visible in our cashflow from operations, which improved by almost SEK 100 million compared to the previous year. During 2024, we will continue to focus on operational efficiency to maintain high profitability and to curb the impact of general inflation.

During the first half of this year, we will focus primarily on finalising the plans to extend the life of the mine to 2035. The necessary investments will be completed during 2024-2025. The first campaign will start already this year, in which we plan to invest approximately one million euros. Thanks to our successful turnaround, we are now able to develop our operations with cash flow from operations. I’m very pleased with this. During 2025 we plan to finalize the required drilling, complete the analysis of results and publish updated estimates on the life of the mine.

KEY FIGURES

Key figures Q4/23 Q4/22 Change, % 1-12/23 1-12/22 Change, %
Net sales, MSEK 109 100 9 407 371 10
EBITDA, MSEK 44 19 125 140 53 163
EBITDA margin % 40 19 106 34 14 139
EBIT, MSEK 25 -1
67 -34
EBIT margin % 23 -1
16 -9
Equity ratio % 43 38 12 43 38 12
Cash liquidity % 105 46 127 105 46 127
Net debt-to-EBITDA ratio 1,5 5,3 -73 1,5 5,3 -73
Personnel at the end of the period 47 44 7 47 44 7
Silver production, koz 409 294 39 1,411 1,169 21
Mill feed, kt 112 154 -28 478 635 -25
Average silver grade, g/tonnes 126 72 75 105 69 52
EVENTS AFTER THE REPORTING PERIOD

No significant events have materialized after the reporting period.

BOARD OF DIRECTOR’S PROPOSAL FOR DIVIDEND DISTRIBUTION

The Company’s Board of Directors will propose to the Annual General Meeting that no dividend will be paid for the financial year 2023.

FINANCIAL CALENDAR

Annual report: latest April 2, 2024
Annual General Meeting: April 23, 2024
Q1/2024: April 30, 2024
Q2/2024: July 26, 2024
Q3/2024: October 25, 2024
WEBCAST

Sotkamo Silver hold a webcast today (14 February 2024) at 1:00 p.m. Finnish time (12:00 CET). The presentation will be held in Finnish, and the material is in English. The webcast can be accessed through the following link:
https://link.silver.fi/2023Q4

[Petronius]

SALVE!

Der Kurs liegt bei 0.073 EUR.
https://www.nasdaqomxnordic.com/shares/microsite?Instrument=…

Petronius

[Petronius]

SALVE!

Sotkamo Silver updates its Silver Mine Ore Reserve estimate; the estimated ore reserves will secure mining in the coming years.
https://storage.mfn.se/06ccdefb-db97-438d-b9ea-89e8804744df/…

Petronius

[Petronius]

SALVE!

Quartalsbericht ist drausen: https://mb.cision.com/Main/15292/3861015/2383464.pdf

July- September
 Net sales increased by 66 % to 110 MSEK (66 MSEK),
driven mainly by a higher silver production volume,
higher average silver grade and positive development of
silver price
 EBITDA increased to 37 MSEK (-10), EBITDA margin
increased to 34 % (-16)
 EBIT increased to 17 MSEK (-32)
 Profitability increased significantly driven by a higher
average silver grade, higher silver price, improved
efficiency of mining activities, and decreased energy
prices. The cost control measures initiated during the
previous year had a positive impact on the Company’s
operational costs
 Cash and cash equivalents increased to 65 MSEK (7)
 Investments decreased by 29 % to 12 MSEK (17)
 The production amounted to approximately 412,000
ounces of silver (258,000), 794 ounces of gold (790),
183 tonnes of lead (304), and 393 tonnes of zinc (647)
in concentrates

January – September
 Net sales increased by 10 % to 298 MSEK (271 MSEK),
driven mainly by a higher average silver grade and
positive development of silver price
 EBITDA increased by 183 % to 96 MSEK (34), EBITDA
margin increased to 32 % (13)
 EBIT increased to 42 MSEK (-33)
 The good profitability in the second and third quarters
raised the cumulative profitability to a good level. As a
result of the good EBITDA level in the second and third
quarters, the net debt-to-EBITDA ratio declined to 2.0
 Cash and cash equivalents increased to 65 MSEK (1)
 Investments decreased by 46 % to 28 MSEK (52)
 The production was approximately 1,002,000 ounces of
silver (875,000), 2,146 ounces of gold (2,456), 732
tonnes of lead (1,134), and 1,570 tonnes of zinc (2,461)
in concentrates
 During the first quarter of 2023, the Company received
gross proceeds of approximately 3.4 MEUR or 38.4
MSEK from the rights issue before the deduction of
transaction costs.
 During the first quarter of 2023, the Company and the
senior lenders agreed, upon an amendment to the
terms of the senior loan agreement, to postpone the
first installment (1.5 MEUR due on March 31, 2023) to
be paid on the termination date of the senior loan
agreement (March 31, 2026)

Petronius

[Petronius]

SALVE!

7.3 Mio Aktien gehandelt, also gut 2.6%
Kurs war in der Spitze bei 0.059 und steht jetzt noch mit knapp 12% im Plus.
https://www.nasdaqomxnordic.com/shares/microsite?Instrument=…

Drei Faktoren haben die Profitabilität ins dunkelgrüne geschoben:
1. Höhere Silberpreise
2. Endlich wieder hohe Silbergrade
3. Massiver Rückgang der Energiekosten.

Unter der Annahme, das ein Grossteil der Energie in Form von Strom verbraucht wird, können diese drei Faktoren in die Zukunft spielen.
Ebit/Umsatz von 28% ist nicht schlecht.

Im ersten Halbjahr haben wir 24 MSEK, nehmen wir mal 65 MSEK für das zweite Halbjahr an, dann landen wir bei EBIT von gut 90 MSEK, etwa 7.8 Mio EUR ????? bei einer Marktkapitalisierung von 17 Mio EUR????
Kann das sein????

Insgesamt wird SOTKAMO wohl noch auf Verlustvorträgen sitzen und eher Schulden tilgen.
Wäre eine Dividende im Bereich des Möglichen, allein schon, um den Kurs zu stützen?

Petronius

[Petronius]

Salve!

Super Zahlen!!!!!
 Net sales increased by 33 % to 120 MSEK (90 MSEK), driven mainly by a higher average silver grade and positive development of silver price
 EBITDA increased by 721 % to 53 MSEK (6), EBITDA margin increased to 44 % (7)
 EBIT increased to 34 MSEK (-16)
 Profitability increased significantly driven by a higher
average silver grade, higher silver price, improved efficiency of mining activities and decreased energy prices. The cost control measures initiated previous year had a positive impact on the Company’s operational costs
 Cash and cash equivalents decreased by 16 % to 36 MSEK (43)
 Investments decreased by 67 % to 8 MSEK (24)
 The production amounted to approximately 383,000 ounces of silver (281,000), 836 ounces of gold (796),
317 tonnes of lead (365), and 662 tonnes of zinc (824) in concentrates
https://www.silver.fi/images/Presentations/2023Q2/Sotkamo%20…

Meine Vermutung hinsichtlich Energiekosten ist aufgegangen.

Kurs in Helsinki gut 12% rauf.

Petronius