SOTKAMO SILVER: THE CONSTRUCTION OF THE DAMS, SETTLING PONDS AND THE OPEN PIT OF THE SILVER MINE PROJECT BEGINS
Sotkamo Silver have signed a contract with E. Hartikainen Oy concerning the stripping and earthmoving works and the construction of the dams and ponds. Kaitos Oy will install the membrane structures that is needed for the pond construction. The work begins at Monday July 9th.
E. Hartikainen Oy is one of Finland’s leading and largest contractor company and reliable long-term partner for Sotkamo Silver with the highest possible credit rating. E. Hartikainen Oy has also participated as the contractor for the construction of roads in the mining area.
Kaitos Oy is a leading geo synthetic specialist and is one of Finland’s largest importer of geo synthetic products.
"I’m pleased that these important construction works will be done by reliable and competent partners that have a long term and extensive experience of construction works and pond constructions. The Silver Mine project proceeds according to plan and the goal is to start commercial production in early 2019", says Timo Lindborg, CEO of Sotkamo Silver AB.
Stockholm, July 9th 2018
Timo Lindborg, CEO
Timo Lindborg, CEO of Sotkamo Silver AB, tel. +358 40 508 3507
This information is information that Sotkamo Silver AB is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, on 9thJuly 2018, at 8.45 CET.
The official Stock Exchange Releases are given in Swedish and there may be differences in the translated versions.
About Sotkamo Silver AB
Sotkamo Silver AB´s business concept is to exploit mineral deposits in the Nordic countries with positive social and environmental benefits. Sotkamo Silver owns mineral deposits, which contain silver and gold in Finland as well as zinc and gold in Norway. The Company’s main development project is the Silver Mine project in the municipality of Sotkamo.
Sotkamo Silver applies SveMin’s & FinnMin’s respective rules of reporting for public mining & exploration companies. Sotkamo Silver has chosen to report mineral resources and ore reserves according to the internationally accepted JORC or NI 43-101 code. The company applies International Financial Reporting Standards (IFRS) as approved by the European Union.
Legal Entity Identifier (LEI): 213800R2TQW1OZGYDX93
The ticker symbol is SOSI in NGM Equity in Stockholm and SOSI1 in NASDAQ Helsinki.
ISIN-code for Sotkamo Silver shares is SE0001057910.
Read more about Sotkamo Silver on www.silver.fi
The Company's press releases and financial reports are distributed via Cision Sverige and are available on www.silver.fi