SOTKAMO SILVER ENTERED INTO AN OFF-TAKE AGREEMENT REGARDING SILVER AND ZINK CONCENTRATES
Sotkamo Silver’s wholly-owned subsidiary, Sotkamo Silver Oy, has entered into the off-take agreement for silver concentrates and zinc concentrates from Silver Mine to Boliden’s Kokkola smelter in Finland and Rönnskär smelter in Sweden.
The estimated value of deliveries during the four years contract period is about EUR 120 million at current metal prices. The concentrate shipments are expected to start in early 2019.
"The smelters in Kokkola and Rönnskär are the closest smelter to Silver's Mine in Sotkamo, Finland. The concluded agreements combined with the deliveries will bring logistical and economic benefits to both parties. We are delighted that Sotkamo Silver has been selected to deliver high-grade silver and zinc concentrate with low impurities to the sustainable and responsible operating smelters of Boliden“, says Timo Lindborg, CEO of Sotkamo Silver AB
Stockholm, October 2nd2018
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 EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, on 2nd October 2018, at 8.45 CET.
The official Stock Exchange Releases are given in Swedish and there may be differences in the translated versions.[i]
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