Press release: Stockholm, December 9, 2021, 16:00 CET
Sotkamo Silver AB updates the estimate for silver production in 2021. We estimate that the annual silver production in 2021 will be ca 1.38 million ounces.
In December we shall feed more than planned of marginal ore to the concentrating plant due to the delay of the open pit mining from the earlier schedule. Consequently, the annual silver production in 2021 is estimated to be slightly below the earlier production guidance.
Updated production guidance for 2021:
We estimate that the annual silver production in 2021 will be ca. 1.38 million ounces.
Earlier production guidance for 2021 (given on October 15, 2021):
The annual production guidance of 1.45-1.75 million ounces remains unchanged. However, we expect that the annual production will end up close to the lower limit of 1.45 million ounces.
Stockholm, December 9, 2021
Sotkamo Silver AB
Erkki Kuronen, CEO
Erkki Kuronen, CEO, tel. +358 50 599 3539
This information is information that Sotkamo Silver AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above on December 9, 2021, at 16:00 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´s business concept is to develop mineral deposits with regards to human society and environment. The Company owns the Silver Mine in Sotkamo which started production in March 2019. In addition, the Company holds mining and exploration rights to precious and base metal deposits in Finland.
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.
The ticker symbol is SOSI on NGM Main Regulated Equity in Stockholm and SOSI1 on Nasdaq Helsinki.
ISIN-code for Sotkamo Silver shares is SE0001057910.
Legal Entity Identifier (LEI): 213800R2TQW1OZGYDX93
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