Sotkamo Silver: Silber, Gold, Zink in Nordskandinavien (Seite 4)
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ISIN: SE0001057910 · WKN: A0MMF4 · Symbol: VSO
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Letzter Kurs 03.05.24 Frankfurt
Werte aus der Branche Rohstoffe
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 9,8360 | +17,66 | |
| 1,0950 | +16,00 | |
| 2,4000 | +14,83 | |
| 552,55 | +13,76 | |
| 33,17 | +13,52 |
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 185,00 | -9,76 | |
| 0,7000 | -11,39 | |
| 0,6700 | -14,92 | |
| 43,97 | -16,90 | |
| 12,000 | -25,00 |
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Antwort auf Beitrag Nr.: 71.864.838 von Petronius am 27.06.22 14:26:47Grüß Dich Petronius,
danke für die Mitteilung. Ich gestehe, Sotkamo war bei mir so ein wenig ein "Gefühlskauf" - wobei ich schon auch meine übliche Recherche gemacht habe. Aber mit Gefühl geht ja meist schief (: Meine anderen Edelmetall/Rohstoff-Aktien hab ich schwerpunktmäßig in Australien, den Rest in Nordamerika - fast nur Kanada. Da fand ich so eine rare europäische Silbermine, die mal fast nebenan liegt, ganz apart. Bin im wesentlichen ein geduldiger, sehr breit gestreuter Langzeitanleger, insofern halte ich einiges aus. Allerdings kennt der Kurs hier seit Jahren ja nur die Richtung bergab, normalerweise trenne ich mich dann.
Ich halte aber weiter, da ich die aktuellen Unternehmensdaten insgesamt zwar auch nicht als berauschend interpretiere, aber darin eigentlich gar nichts finde, was eine drohende Pleite signalisiert, wie es der Chart ja fast schon nahelegt. Ca. die Hälfe habe ich aber vor einem Jahr schon als Verlust realisiert, war zum Glück genug im Gewinntopf, um das steuerlich zu verrechnen.
danke für die Mitteilung. Ich gestehe, Sotkamo war bei mir so ein wenig ein "Gefühlskauf" - wobei ich schon auch meine übliche Recherche gemacht habe. Aber mit Gefühl geht ja meist schief (: Meine anderen Edelmetall/Rohstoff-Aktien hab ich schwerpunktmäßig in Australien, den Rest in Nordamerika - fast nur Kanada. Da fand ich so eine rare europäische Silbermine, die mal fast nebenan liegt, ganz apart. Bin im wesentlichen ein geduldiger, sehr breit gestreuter Langzeitanleger, insofern halte ich einiges aus. Allerdings kennt der Kurs hier seit Jahren ja nur die Richtung bergab, normalerweise trenne ich mich dann.
Ich halte aber weiter, da ich die aktuellen Unternehmensdaten insgesamt zwar auch nicht als berauschend interpretiere, aber darin eigentlich gar nichts finde, was eine drohende Pleite signalisiert, wie es der Chart ja fast schon nahelegt. Ca. die Hälfe habe ich aber vor einem Jahr schon als Verlust realisiert, war zum Glück genug im Gewinntopf, um das steuerlich zu verrechnen.
Antwort auf Beitrag Nr.: 71.782.055 von AdAktio am 14.06.22 19:59:17SALVE AdAktio,
Toll, dass du da bist.
Die Selbstgespräche werden Dialog. Hurra!
Auch bei mir ist Sotkamo ein totales Desaster.
Ich habe viel mit Excel herumgerechnet. Ich konnte aber nie herausfinden, ob der Laden wegen der Erzgrade strukturell unprofitabel ist.
Nützt ja nix, wenn Silberpreis um 100% steigt, aber Energieinput 200%.
Dann wäre das Kursziel natürlich fast NULL: :-(
Riesige Kurssprünge erwarte ich im Moment eher nicht.
Die Silberpreise müssten den Laden irgendwann wiederbeleben.
Was mich auch nerv, dass keine potenziellen Neugeschäftezumindest angedacht werden, z.B. Direktvertrieb an EM-Händler oder neue Minenrechte.
Naja. Heute gab's mal ne Meldung:
https://www.silver.fi/en/investors/press/press-relases/newsf…
SOTKAMO SILVER AB: UPDATED MINERAL RESOURCE AND ORE RESERVE ESTIMATES INDICATE A SUBSTANTIAL INCREASE TO THE LIFE OF MINE
Press release: Stockholm, June 27, 2022, 12:00 CET
Sotkamo Silver AB is pleased to announce 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.
The detailed breakdown of the Mineral Resource classification is given in the appendix 1 of this release.
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 the appendix 2 of 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, we 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.
Management view
The Management and the Board of Directors see that the substantial part of the current Mineral Resource, which is not included in the Ore Reserve, could be upgraded, and included to the Ore Reserve in the future by continued drilling.
In view of the above, the current Ore Reserve and, the portion of the Mineral Resource which have reasonable prospects for economic extraction, are estimated to give the Life of Mine of 7-8 years with potential to increase further.
CEO Erkki Kuronen comments: “Our Ore Reserve was 2,75 million tons when we started the production in 2019. Since that we have mined ca. 1,8 million tons of ore. Given this, our current Ore Reserve of ca. 1,9 million tons demonstrates, that by continuous drilling the Mineral Resources can be upgraded into the Ore Reserves. Our strategic target is to prolong the Life of Silver Mine by P700 project. To achieve this, we’ll increase the Ore Reserve base gradually as the P700 project advances. The released update is a result of the hard and dedicated work of the entire team which deserves a praise. Furthermore, the unpublished assay results of the 2022 drilling are encouraging and strengthen our view that the Silver Mine has potential, and we are on the right track on the implementation of our strategy.”
Gruss, Petronius
Toll, dass du da bist.
Die Selbstgespräche werden Dialog. Hurra!
Auch bei mir ist Sotkamo ein totales Desaster.
Ich habe viel mit Excel herumgerechnet. Ich konnte aber nie herausfinden, ob der Laden wegen der Erzgrade strukturell unprofitabel ist.
Nützt ja nix, wenn Silberpreis um 100% steigt, aber Energieinput 200%.
Dann wäre das Kursziel natürlich fast NULL: :-(
Riesige Kurssprünge erwarte ich im Moment eher nicht.
Die Silberpreise müssten den Laden irgendwann wiederbeleben.
Was mich auch nerv, dass keine potenziellen Neugeschäftezumindest angedacht werden, z.B. Direktvertrieb an EM-Händler oder neue Minenrechte.
Naja. Heute gab's mal ne Meldung:
https://www.silver.fi/en/investors/press/press-relases/newsf…
SOTKAMO SILVER AB: UPDATED MINERAL RESOURCE AND ORE RESERVE ESTIMATES INDICATE A SUBSTANTIAL INCREASE TO THE LIFE OF MINE
Press release: Stockholm, June 27, 2022, 12:00 CET
Sotkamo Silver AB is pleased to announce 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.
The detailed breakdown of the Mineral Resource classification is given in the appendix 1 of this release.
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 the appendix 2 of 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, we 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.
Management view
The Management and the Board of Directors see that the substantial part of the current Mineral Resource, which is not included in the Ore Reserve, could be upgraded, and included to the Ore Reserve in the future by continued drilling.
In view of the above, the current Ore Reserve and, the portion of the Mineral Resource which have reasonable prospects for economic extraction, are estimated to give the Life of Mine of 7-8 years with potential to increase further.
CEO Erkki Kuronen comments: “Our Ore Reserve was 2,75 million tons when we started the production in 2019. Since that we have mined ca. 1,8 million tons of ore. Given this, our current Ore Reserve of ca. 1,9 million tons demonstrates, that by continuous drilling the Mineral Resources can be upgraded into the Ore Reserves. Our strategic target is to prolong the Life of Silver Mine by P700 project. To achieve this, we’ll increase the Ore Reserve base gradually as the P700 project advances. The released update is a result of the hard and dedicated work of the entire team which deserves a praise. Furthermore, the unpublished assay results of the 2022 drilling are encouraging and strengthen our view that the Silver Mine has potential, and we are on the right track on the implementation of our strategy.”
Gruss, Petronius
Also schreib ich als gerade neu Angemeldeter in diese, bislang von einem tapferen Kommentator bevölkerte Kammer mal was rein. Und außerdem als meinen 2. Neulings-Kommentar (weil Sotkamo mit 0,40 EUR Einstieg vor mehr als 4 Jahren meine bislang schlechteste Investition überhaupt war), nach meinem 1. Kommentar zu Chalice Mining, meine bislang beste Investition. Warum der Kurs bei Sotkamo eigentlich nie lief und der langfristige Chart derart schrecklich ausgefallen ist, habe ich mit meinen bescheidenen Nachforschungen nie ganz nachvollziehen können, zumindest in diesem Ausmaß nicht. Es muss wohl, neben den nachvollziehbaren Widrigkeiten, irgendwas in oder um den Laden herum von Grund auf nicht stimmen. Meine Anteile habe ich noch teilweise, einzig weil ich für die nächsten Jahre sehr optimistisch bzgl. des Silberpreises bin und hoffe, daß ein entsprechend starker Anstieg des Silbermarktes die Bude hier dann mitzieht.
SALVE!
Ergebnis erstes Quartal da:
Petronius
https://mb.cision.com/Main/15292/3552791/1568754.pdf
HIGHLIGHTS OF THE FIRST QUARTER 2022
Net sales was 114 MSEK compared to the previous year 95 MSEK. Major positive contributors were favourable development of zinc price and produced amount of gold and zinc
EBITDA was 38 MSEK (14)
EBIT was 15 MSEK (-6)
Cash and cash equivalents were 44 MSEK (26)
Investments were 13 MSEK (8)
The production was about 336 000 (344 000) ounces of silver, 870 (707) ounces of gold, 465 (309) tonnes of lead, and 990 (664) tonnes of zinc in concentrates
The Refinancing Project was successfully completed.
P700 project has been advanced: decline has reached 400-level and underground drilling was started in February.
The production was about 1.38 million (1.58 million) ounces of silver, 3 403 (3 965) ounces of gold, 1 494 (1 532) tonnes of lead, and 3 373 (3 254) tonnes of zinc in concentrates
Comparative figures refer to the corresponding period of the previous year.
CEO WORD
Russia’s invasion to Ukraine and subsequent brutal war have resulted in an enormous humanitarian crisis and our thoughts are with the Ukrainian people who are suffering the most. After two years of Covid-19, we have faced an incomprehensive evil in the middle of Europe and the future is more than uncertain. In the middle of these hard times, we have to continue our lives and keep the faith. By doing this, we show our strength and tribute to those who have to sacrifice themselves.
The refinancing project was successfully completed. The long maturity, achieved savings in the interest expenses and generally more favourable terms support our goals to improve operational efficiency and cost-effectiveness and to achieve the strategic targets. Simultaneously, we evaluate the options to advance the P700-project and ensure the long-term return of the investment and adapt in short- to medium-term to the unpredictability of the metal prices, costs of supplies, and energy.
I am very proud that we were able to incorporate Sustainability Criteria into our New Senior Loan. There is a monetary carrot potentially impacting the margin of the loan once the criteria are met. However, more important is the message we are giving to our lenders, owners, and other stakeholders: Sotkamo Silver is committed to Sustainability. The criteria, reduction of nitrogen load on water, increase of the share of renewable electricity, and increasing of recycling, are such, that they guide and support us in our daily work.
Another milestone was our first Sustainability Report, which was released as a part of the Annual Report. The Board of Directors and the Management also had a half-day seminar on the topic in March. Our target is a culture where sustainability and responsibility are natural and an obvious part of our behaviour. I am confident that we are on the right track to achieving this.
The revenue of the quarter, 114 MSEK, was the second-best in our history. The profit and operative cash flow were over 10 MSEK and cash 44 MSEK at the end of the reporting period. This is a good achievement given the low silver production and increased energy costs.
Summer is approaching and I wish all readers a sunny and relaxing season. Take care of yourself, your closest ones and live.
BUSINESS
The Company operates the silver mine in Sotkamo, Finland. The production was started in March 2019 and the mine produces silver, gold, zinc, and lead in concentrates which are sold to a smelter. In addition, the Company holds mining and exploration rights to mineral deposits nearby current operations in the Sotkamo region in Finland.
Net sales was 114 MSEK compared to the previous year 95 MSEK. Major positive contributors were favourable development of zinc price and produced amount of gold and zinc Head grades of silver and other metals were impacted by the use of marginal ore. Milled ore tons were 174 000 tonnes, ca. 25 % higher than during the first quarter of 2021. Compared to the previous quarter (Q4/2021), we produced an equal volume of silver, and other metals, even though the ore volume was ca. 5 % less.
Other income of 6 MSEK (-2) included 5 MSEK (-2) estimated unrealized final sales price adjustment due to the price difference between provisional and final invoices for the period. Net sales included -1 MSEK estimated final metal content adjustment due to metal content difference between provisional and final invoices for the period. The final sales price for silver and gold is based on the monthly average market price two months after the delivery, deducted by the customer’s smelter charges.
Investments in the underground mine and environmental investments amounted to 13 MSEK (8) in Q1. Environmental investments included tailings pond dam raise amounting to 2 MSEK. P700 project’s exploration continued in Q1 which costs were included in the investments of the period.
Key figures, group
Q1 2022
Q1 2021
FY 2021
Net sales MSEK
114
95
387
EBITDA MSEK
38
14
92
EBIT MSEK
15
-6
7
Equity ratio (%)
30
36
38
Cash liquidity (%)
107
85
27
Personnel at end of the period
49
51
49
Mill feed (kt)
174
139
624
Average silver grade g/tonne
71
91
79
PRODUCTION AND GUIDANCE
In the first quarter, we milled 174 000 (139 000) tonnes of ore, and produced about 336 000 (344 000) ounces silver, 870 (707) ounces gold, 465 (309) tonnes lead, and 990 (664) tonnes zinc in concentrates. The head grades of the mill feed were lower than in the reference period, but this was compensated by the higher mill feed tonnes.
During the winter we have been mining primarily between 260- and 200-levels in the underground mine and in the open pit. Open-pit mining must be halted for the summer. Our focus will be between 260- and 200-levels until the autumn.
Based on the drilling results and updated resource model, we have decided to extend the development to the 420-level before commencing the stope mining.
The decline will reach the 420-level in early summer and the mining of the horizontal tunnels, drifts, continues to access and follow the ore zones. The stope mining must be started from the deepest and farthest part of the ore body once all the drifts have been prepared. Mining of the stopes retreats horizontally and continues upwards after the backfilling of the open spaces.
The adopted mine plan will delay the start of the stope mining of 420-level from previously indicated. However, the management believes that this gives the best return as the recovery of the ore can be optimised and the approach maximises the yield.
The annual production guidance for 2022 is ca. 1.5 million ounces of silver in 2022. We expect the silver production to remain in the current level until the autumn when the mining will commence from 420-level upwards. Our 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.
EVENTS AFTER THE REPORTING PERIOD
The Company used its right for early redemption and redeem the senior secured fixed rate notes at an amount per note equal to 100 percent of the nominal amount, together with accrued but unpaid interest on 1 April 2022.
Allocated new convertibles were registered with the Swedish Companies Registration Office on April 4, 2022.
The proceeds from the convertible issue were used to finance the redemption of the Company's outstanding convertibles of series 2018/2022, including payment of accrued interest.
With the new senior loan of MEUR 14,6 and the new convertibles of MEUR 6,4, Company successfully completed the refinancing of its financial instruments maturing in 2022.
Ergebnis erstes Quartal da:
Petronius
https://mb.cision.com/Main/15292/3552791/1568754.pdf
HIGHLIGHTS OF THE FIRST QUARTER 2022
Net sales was 114 MSEK compared to the previous year 95 MSEK. Major positive contributors were favourable development of zinc price and produced amount of gold and zinc
EBITDA was 38 MSEK (14)
EBIT was 15 MSEK (-6)
Cash and cash equivalents were 44 MSEK (26)
Investments were 13 MSEK (8)
The production was about 336 000 (344 000) ounces of silver, 870 (707) ounces of gold, 465 (309) tonnes of lead, and 990 (664) tonnes of zinc in concentrates
The Refinancing Project was successfully completed.
P700 project has been advanced: decline has reached 400-level and underground drilling was started in February.
The production was about 1.38 million (1.58 million) ounces of silver, 3 403 (3 965) ounces of gold, 1 494 (1 532) tonnes of lead, and 3 373 (3 254) tonnes of zinc in concentrates
Comparative figures refer to the corresponding period of the previous year.
CEO WORD
Russia’s invasion to Ukraine and subsequent brutal war have resulted in an enormous humanitarian crisis and our thoughts are with the Ukrainian people who are suffering the most. After two years of Covid-19, we have faced an incomprehensive evil in the middle of Europe and the future is more than uncertain. In the middle of these hard times, we have to continue our lives and keep the faith. By doing this, we show our strength and tribute to those who have to sacrifice themselves.
The refinancing project was successfully completed. The long maturity, achieved savings in the interest expenses and generally more favourable terms support our goals to improve operational efficiency and cost-effectiveness and to achieve the strategic targets. Simultaneously, we evaluate the options to advance the P700-project and ensure the long-term return of the investment and adapt in short- to medium-term to the unpredictability of the metal prices, costs of supplies, and energy.
I am very proud that we were able to incorporate Sustainability Criteria into our New Senior Loan. There is a monetary carrot potentially impacting the margin of the loan once the criteria are met. However, more important is the message we are giving to our lenders, owners, and other stakeholders: Sotkamo Silver is committed to Sustainability. The criteria, reduction of nitrogen load on water, increase of the share of renewable electricity, and increasing of recycling, are such, that they guide and support us in our daily work.
Another milestone was our first Sustainability Report, which was released as a part of the Annual Report. The Board of Directors and the Management also had a half-day seminar on the topic in March. Our target is a culture where sustainability and responsibility are natural and an obvious part of our behaviour. I am confident that we are on the right track to achieving this.
The revenue of the quarter, 114 MSEK, was the second-best in our history. The profit and operative cash flow were over 10 MSEK and cash 44 MSEK at the end of the reporting period. This is a good achievement given the low silver production and increased energy costs.
Summer is approaching and I wish all readers a sunny and relaxing season. Take care of yourself, your closest ones and live.
BUSINESS
The Company operates the silver mine in Sotkamo, Finland. The production was started in March 2019 and the mine produces silver, gold, zinc, and lead in concentrates which are sold to a smelter. In addition, the Company holds mining and exploration rights to mineral deposits nearby current operations in the Sotkamo region in Finland.
Net sales was 114 MSEK compared to the previous year 95 MSEK. Major positive contributors were favourable development of zinc price and produced amount of gold and zinc Head grades of silver and other metals were impacted by the use of marginal ore. Milled ore tons were 174 000 tonnes, ca. 25 % higher than during the first quarter of 2021. Compared to the previous quarter (Q4/2021), we produced an equal volume of silver, and other metals, even though the ore volume was ca. 5 % less.
Other income of 6 MSEK (-2) included 5 MSEK (-2) estimated unrealized final sales price adjustment due to the price difference between provisional and final invoices for the period. Net sales included -1 MSEK estimated final metal content adjustment due to metal content difference between provisional and final invoices for the period. The final sales price for silver and gold is based on the monthly average market price two months after the delivery, deducted by the customer’s smelter charges.
Investments in the underground mine and environmental investments amounted to 13 MSEK (8) in Q1. Environmental investments included tailings pond dam raise amounting to 2 MSEK. P700 project’s exploration continued in Q1 which costs were included in the investments of the period.
Key figures, group
Q1 2022
Q1 2021
FY 2021
Net sales MSEK
114
95
387
EBITDA MSEK
38
14
92
EBIT MSEK
15
-6
7
Equity ratio (%)
30
36
38
Cash liquidity (%)
107
85
27
Personnel at end of the period
49
51
49
Mill feed (kt)
174
139
624
Average silver grade g/tonne
71
91
79
PRODUCTION AND GUIDANCE
In the first quarter, we milled 174 000 (139 000) tonnes of ore, and produced about 336 000 (344 000) ounces silver, 870 (707) ounces gold, 465 (309) tonnes lead, and 990 (664) tonnes zinc in concentrates. The head grades of the mill feed were lower than in the reference period, but this was compensated by the higher mill feed tonnes.
During the winter we have been mining primarily between 260- and 200-levels in the underground mine and in the open pit. Open-pit mining must be halted for the summer. Our focus will be between 260- and 200-levels until the autumn.
Based on the drilling results and updated resource model, we have decided to extend the development to the 420-level before commencing the stope mining.
The decline will reach the 420-level in early summer and the mining of the horizontal tunnels, drifts, continues to access and follow the ore zones. The stope mining must be started from the deepest and farthest part of the ore body once all the drifts have been prepared. Mining of the stopes retreats horizontally and continues upwards after the backfilling of the open spaces.
The adopted mine plan will delay the start of the stope mining of 420-level from previously indicated. However, the management believes that this gives the best return as the recovery of the ore can be optimised and the approach maximises the yield.
The annual production guidance for 2022 is ca. 1.5 million ounces of silver in 2022. We expect the silver production to remain in the current level until the autumn when the mining will commence from 420-level upwards. Our 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.
EVENTS AFTER THE REPORTING PERIOD
The Company used its right for early redemption and redeem the senior secured fixed rate notes at an amount per note equal to 100 percent of the nominal amount, together with accrued but unpaid interest on 1 April 2022.
Allocated new convertibles were registered with the Swedish Companies Registration Office on April 4, 2022.
The proceeds from the convertible issue were used to finance the redemption of the Company's outstanding convertibles of series 2018/2022, including payment of accrued interest.
With the new senior loan of MEUR 14,6 and the new convertibles of MEUR 6,4, Company successfully completed the refinancing of its financial instruments maturing in 2022.
SALVE!
Sotkamo hat am 26.4.2022 Generalvwersammlung.
Proposed Agenda
1. Opening of the AGM.
2. Election of chairman of the AGM.
3. Preparation and approval of voting list.
4. Approval of the agenda.
5. Election of one person to approve the minutes.
6. Determination whether the AGM has been duly convened.
7. Presentation of the annual report and the audit report, the consolidated annual report
and the consolidated audit report.
8. Resolution regarding adoption of the income statement and the balance sheet and the
consolidated income statement and the consolidated balance sheet.
9. Resolution regarding allocation of earnings according to the adopted balance sheet.
10. Resolution regarding discharge from liability of the directors and the managing
director.
11. Resolution regarding the number of directors and the number of deputies.
12. Resolution regarding fees to the directors and the auditors.
13. Election of directors, chairman of the board and deputies.
14. Election of auditors.
15. Establishment of guidelines for the nominating process.
16. Establishment of guidelines for the remuneration to management.
17. Resolution to authorize the Board to issue new shares, issue of warrants and/or
convertibles.
18. Closing of the AGM
https://mb.cision.com/Main/15292/3531526/1553155.pdf
Petronius
Sotkamo hat am 26.4.2022 Generalvwersammlung.
Proposed Agenda
1. Opening of the AGM.
2. Election of chairman of the AGM.
3. Preparation and approval of voting list.
4. Approval of the agenda.
5. Election of one person to approve the minutes.
6. Determination whether the AGM has been duly convened.
7. Presentation of the annual report and the audit report, the consolidated annual report
and the consolidated audit report.
8. Resolution regarding adoption of the income statement and the balance sheet and the
consolidated income statement and the consolidated balance sheet.
9. Resolution regarding allocation of earnings according to the adopted balance sheet.
10. Resolution regarding discharge from liability of the directors and the managing
director.
11. Resolution regarding the number of directors and the number of deputies.
12. Resolution regarding fees to the directors and the auditors.
13. Election of directors, chairman of the board and deputies.
14. Election of auditors.
15. Establishment of guidelines for the nominating process.
16. Establishment of guidelines for the remuneration to management.
17. Resolution to authorize the Board to issue new shares, issue of warrants and/or
convertibles.
18. Closing of the AGM
https://mb.cision.com/Main/15292/3531526/1553155.pdf
Petronius
Trading Spotlight
SALVE!
Sotkamo im 4.Quartal wieder im Gewinn. 6 Mio SEK gegen -16 Mio SEK im Vorjahr.
Gesamtjahr 2021 nun wider positiv.
https://mb.cision.com/Main/15292/3508278/1536615.pdf
Petronius
Sotkamo im 4.Quartal wieder im Gewinn. 6 Mio SEK gegen -16 Mio SEK im Vorjahr.
Gesamtjahr 2021 nun wider positiv.
https://mb.cision.com/Main/15292/3508278/1536615.pdf
Petronius
SALVE!
Sotkamo Silver AB will release Q4/2021 results on February 17, 2022, around 08:45 CET. The webcast to the investors will be held on February 17, 2022, at 10:00 Finnish time via a Teams-meeting. The presentation will be available at the Company website at: https://www.silver.fi/en/investors/presentations
Petronius
Sotkamo Silver AB will release Q4/2021 results on February 17, 2022, around 08:45 CET. The webcast to the investors will be held on February 17, 2022, at 10:00 Finnish time via a Teams-meeting. The presentation will be available at the Company website at: https://www.silver.fi/en/investors/presentations
Petronius
SALVE!
Heute gab es Update zur Silberproduktion 2021 und Forecast 2022:
Our silver production of the full year 2021 was 1.38 Moz, which is the same as the updated guidance given on December 9, 2021.
Production guidance for 2022:
We expect to produce ca. 1.5 million ounces of silver in 2022. However, our primary target is to maximise the revenue and operative cashflow. To achieve this, we adjust the mix of metals in our ore feed which might have an impact to the produced silver ounces.
Heute gab es Update zur Silberproduktion 2021 und Forecast 2022:
Our silver production of the full year 2021 was 1.38 Moz, which is the same as the updated guidance given on December 9, 2021.
Production guidance for 2022:
We expect to produce ca. 1.5 million ounces of silver in 2022. However, our primary target is to maximise the revenue and operative cashflow. To achieve this, we adjust the mix of metals in our ore feed which might have an impact to the produced silver ounces.
SALVE!
Der zweite Chart war falsch, mache mal roulierenden Jahres-Chart rein:
Petronius
Der zweite Chart war falsch, mache mal roulierenden Jahres-Chart rein:
Einfaches Einfügen von wallstreetONLINE Charts: So funktionierts.
Petronius
SALVE!
Der Chart ist ein reines Desaster:
Mitte März 2020 zum lustigen Corona-Crash fiel der Kurs auf das ATL 0.139 EUR.
Wir sind wieder auf dem Niveau, nur liegt der Silberpreis deutlich höher. Ich habe mal Brent als Kostenparameter dazugenommen. Bergbau läuft über Diesel und eventuell Strom.
Anfang 2021 war die Bude mal profitabel, das würde zum AG/Brent-Verlauf passen.
Wieso fällt der Kurs nun so gleichförmig? Ist man der Meinung, dass Sotkamo strukturell nicht profitabel ist? Das wäre dann der Fall, wenn die Kosten in "Energie" umgerechnet höher wären, als die Energie, die man für den Metallverkauf bekommt. Dann wäre der Silberpreis egal.
Das Kursziel wäre dann aber NULL, da niemals ein Gewinn erzielt werden könnte.
Oder aber, dwe Miene hat ein relativ schlechten Mineralgrad. Kleine Abweichung und schon fette Verluste. Die Grade sind ja deutlich gefallen. Temporär oder permanent?
Ich hatte vor längerem mal 28 USD Silberpreis als Break-Even geraten. Ölpreis ist jetzt teuerer, dann wären die Kosten tendenziell auch höher. Ich zeichne den Chart mal ab 2021:
Man sieht die Verschlechterung der Marge Silber/Öl.
Wenn jetzt Silber den Sprung macht auf 28 USD, also 25%, wieviel mehr steigt Sotkamo?
Wie tief fällt der Wert, wenn der Silberpreis fällt, z.B. auf 19 USD?
Seit JAhresanfang hat sich die Bude im Kurs halbiert, Silber hat etwa 10% weniger.
Was man sicher sagen kann, die Entwicklung bei Sotkamo ist nicht wirklich berrechenbar. Also ist das reine Lotterie hier. Und wenn das Glückspiel wäre, dann bräuchte man wenigstens die Wahrscheinlichkeiten...
In welcher Konstellation macht ein Nachkauf Sinn?
Petronius
Der Chart ist ein reines Desaster:
Einfaches Einfügen von wallstreetONLINE Charts: So funktionierts.
Mitte März 2020 zum lustigen Corona-Crash fiel der Kurs auf das ATL 0.139 EUR.
Wir sind wieder auf dem Niveau, nur liegt der Silberpreis deutlich höher. Ich habe mal Brent als Kostenparameter dazugenommen. Bergbau läuft über Diesel und eventuell Strom.
Anfang 2021 war die Bude mal profitabel, das würde zum AG/Brent-Verlauf passen.
Wieso fällt der Kurs nun so gleichförmig? Ist man der Meinung, dass Sotkamo strukturell nicht profitabel ist? Das wäre dann der Fall, wenn die Kosten in "Energie" umgerechnet höher wären, als die Energie, die man für den Metallverkauf bekommt. Dann wäre der Silberpreis egal.
Das Kursziel wäre dann aber NULL, da niemals ein Gewinn erzielt werden könnte.
Oder aber, dwe Miene hat ein relativ schlechten Mineralgrad. Kleine Abweichung und schon fette Verluste. Die Grade sind ja deutlich gefallen. Temporär oder permanent?
Ich hatte vor längerem mal 28 USD Silberpreis als Break-Even geraten. Ölpreis ist jetzt teuerer, dann wären die Kosten tendenziell auch höher. Ich zeichne den Chart mal ab 2021:
Einfaches Einfügen von wallstreetONLINE Charts: So funktionierts.
Man sieht die Verschlechterung der Marge Silber/Öl.
Wenn jetzt Silber den Sprung macht auf 28 USD, also 25%, wieviel mehr steigt Sotkamo?
Wie tief fällt der Wert, wenn der Silberpreis fällt, z.B. auf 19 USD?
Seit JAhresanfang hat sich die Bude im Kurs halbiert, Silber hat etwa 10% weniger.
Was man sicher sagen kann, die Entwicklung bei Sotkamo ist nicht wirklich berrechenbar. Also ist das reine Lotterie hier. Und wenn das Glückspiel wäre, dann bräuchte man wenigstens die Wahrscheinlichkeiten...
In welcher Konstellation macht ein Nachkauf Sinn?
Petronius
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