SOTKAMO SILVER: CONSTRUCTION OF TAILINGS PONDS AND ORE STORAGE AREAS HAVE BEEN COMPLETED
The clarification and tailings ponds of Silver Mine have been constructed in accordance with the lay-outs and regulations of the environmental permit. Launching of the ponds and water accumulation will commence in December. In total five settling ponds were built in addition to the tailings pond.
At the same time, the intermediate storage areas for ore were also completed, which enables the mining of ore to be started. Construction work was carried out by E. Hartikainen Oy and membrane structures by Kaitos Oy.
"The mining project is advancing according to the schedule, and completed pond structures will ensure adequate water storage and processing capacity for Silver Mine prior to the production start", says Timo Lindborg, CEO of Sotkamo Silver AB
Stockholm, December 10th, 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 December 10th, 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