Ceo Comments

CEO Comments, Q2 2019

During the late spring and summer, production of Silver Mine has increased progressively towards full production capacity. We have already reached the long-term production capacity target of 450,000 ton a year (12 months) for both mining operation and process plant. With high feed rate, good performance of the mine and plant we expect to reach the earlier set 330‑350,000 tonnes feed amount and the 1,15-1,25 million troy ounces of silver production target for this year. Because of the slightly delayed production start and use of the lower content ore during the ramp-up period the revenue was lower than during normal production. The goal is that the ramp-up period is completed and Silver Mine will be in full production by the end of August.

CEO Timo Lindborg