Sotkamo Silver Oy has submitted a notification to the Kainuu ELY Center, which acts as the supervisory authority, of the 500,000 tonnes of excavation being exceeded during August from the beginning of 2020.
Based on the environmental impact assessment procedure (2017-2018), the environmental impact of the Silver Mine will remain at an acceptable level with an annual mining volume of 1,800,000 tonnes. This is also presented as the maximum annual mining volume in the 2018 environmental permit application.
The company expects a new updated environmental permit decision before the end of 2020.
Stockholm August 11, 2020
Sotkamo Silver AB
Erkki Kuronen, CEO
About Sotkamo Silver AB
Sotkamo Silver´s business concept is to develop mineral deposits in the Nordic countries with regards to human society and environment. Sotkamo Silver owns through its subsidiary the Silver Mine in Sotkamo which started production in March 2019 and has reached full production capacity. In addition, the Company holds exploration rights to precious and base metal deposits in Finland, Sweden and Norway.
Sotkamo Silver applies SveMin's & FinnMin's own rules of reporting for public mining & exploration companies. Sotkamo Silver has chosen to publish 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