Sotkamo Silver AB (CE) (STKMF) News

Well there is a bid and an ask now, but no volume. Still no details on share structure.

Not sure about this OTC-ticker, but you can buy this stock directly from Nasdaq Helsinki formerly known as the Helsinki Stock Exchange.

https://en.wikipedia.org/wiki/Nasdaq_Helsinki

Ticker is SOSI1.

When is this thing going to be trading?

EUROPE’S FIRST SILVER MINE TO BE OPENED IN SOTKAMO
15/03/2019
"The concentrate production of Sotkamo Silver Mine will begin in March, after a determined development period that was started in 2010. Nearly 40 years will have passed since the discovery of the silver deposit in Taivaljärvi upon the start of the concentrate deliveries. Sotkamo Silver Mine is the first of its kind in Finland."
https://www.mineralsgroup.fi/news-jobs/blog/europes-first-silver-mine-to-be-opened-in-sotkamo.html

Sotkamo Silver is first and only primary Silver Mine in Europe!

A Few more pictures


https://news.cision.com/sotkamo-silver/r/quarterly-report--third-quarter-2019,c2962284


https://www.verkkouutiset.fi/sotkamon-hopeakaivos-etenee/#b58b5594


https://www.kaleva.fi/hopea-hohtaa-jo-sotkamossa-katso-kuvat/1743748


https://yle.fi/uutiset/3-6581993

Few pictures and (Finnish) articles about Sotkamo Silver

Sotkamo-lehti




https://news.cision.com/fi/sotkamo-silver/r/puolivuosikatsaus--tammikuu---kesakuu-2019,c2887116



https://www.maaseuduntulevaisuus.fi/koneet-autot/artikkeli-1.754372





https://www.satakunnankansa.fi/a/201235848



Sotkamo-lehti

HIGH SILVER- AND GOLD VALUES WERE ENCOUNTERED IN DRILLING AT THE DEEP EXTENSION OF THE SILVERMINE DEPOSIT January 26, 2015 03:04 ET | Source: Sotkamo Silver AB

”I am very pleased that we have been able to confirm that silver deposit continues downwards. Especially increase of gold values are a good sign."
https://www.globenewswire.com/news-release/2015/01/26/699749/0/en/HIGH-SILVER-AND-GOLDVALUES-WERE-ENCOUNTERED-IN-DRILLING-AT-THE-DEEP-EXTENSION-OF-THE-SILVERMINE-DEPOSIT.html

SOTKAMO SILVER ANNOUNCES REMAINING RESULTS OF THE INFILL CORE DRILLING PROGRAM – FURTHER STRENGHTEN THE POTENTIAL OF THE DEPTH EXTENSION
TUE, AUG 15, 2017

“The drilling program and its results provide a sound basis for the further development of ore reserves, the increase of mineral resources, and the deeper parts of the deposit of the Silver Mine. Higher metal and gold concentrations underneath the known ore reserve also boost the development works," says Dr Timo Lindborg, CEO of Sotkamo Silver AB."

Stockholm August 15th 2017
https://news.cision.com/sotkamo-silver/r/sotkamo-silver-announces-remaining-results-of-the-infill-core-drilling-program--further-strenghten-t,c2326030

SOTKAMO SILVER AB Press Release 2015-01-26 (NGM: SOSI; NASDAQ: SOSI1)

"Picture 1. Mineralized lenses containing more than 0,3 g/ton gold are presented in the upper part of the picture. In lower part Sampo-anomaly, interpreted from a geophysical survey, indicates conductive layers. Drill hole TU 76 intersects the conductive layers about 100 meters below earlier observations along with17.5 meters with 266 g/t silver and 0.73 g/t gold."

https://mb.cision.com/Public/15292/2148831/8354d5cac9418b45.pdf

REWARDS

Trading at 66.3% below our estimate of its fair value

Earnings are forecast to grow 76.31% per year

Below Fair Value: SOSI (SEK3.37) is trading below our estimate of fair value (SEK9.98)

Significantly Below Fair Value: SOSI is trading below fair value by more than 20%.

https://simplywall.st/stocks/se/materials/ngm-sosi/sotkamo-silver-shares#summary

https://finance.yahoo.com/quote/SOSI1.HE

Sotkamo Silver AB (SOSI1.HE)
Helsinki - Helsinki Real Time Price. Currency in EUR

0.3190

Market Cap 57.413 M

Shares Outstanding 179.98 M

https://www.silver.fi/images/Presentations/Sotkamo_Silver_2020_AGM_presentation.pdf

Old presentation from 2014:
https://web.archive.org/web/20140501103526/http://www.silver.fi/tiedostot/presentations/130917_SOSI_Mining_on_Top_Helsinki.pdf

Sotkamo Silver chases processing efficiencies with Outotec-TOMRA XRT solution

Posted on 2nd June 2020

"Sotkamo Silver is looking to reduce the amount of material it grinds and floats at its silver operation in Finland through the introduction of X-ray Transmission (XRT) ore sorting technology.

The company said it began pilot testing of the XRT machine in May after the unit was supplied and successfully commissioned at the mine by Outotec and TOMRA. Outotec and TOMRA have been cooperating on the supply of Outotec-branded sorting solutions for the mining and metallurgical industry since 2014.

Sotkamo’s trial pilot testing builds on previous test work at TOMRA’s testing facilities in Germany.

Previous XRT ore sorting test work carried out by TOMRA on 2,200 kg of Sotkamo samples showed the silver content from low-grade ore increasing some 1.9 x to 116 g/t Ag, while the average silver content in ore rose 1.43 x to 195 g/t Ag. In addition to this, about 60% of the rock previously classified as low-grade ore was removed as gangue with the testing, with some 43% of rock reporting as gangue from the average grade ore samples.

Following this work, back in 2018, Sotkamo Silver said it was looking to install an Outotec-TOMRA XRT ore sorter in the process flowsheet after two-stage crushing (jaw and cone crushers) had taken place and the rock was some 30-70 mm in size.

In the update today, Sotkamo Silver said the XRT technology can scan every feed particle to identify the relative atomic density differences within particles and then separate desired high-grade particles from the barren material pneumatically.

It said sorting of marginal ore would be carried out after primary crushing and it was expected to reduce roughly 50% of non-ore material going into the grinding and flotation process.

“This improves significantly the energy efficiency as less material is grinded, and also material efficiency as marginal ore can be exploited and processed to mill feed,” the company said, adding that leftover barren material would be used as rock-fill in the underground mine.

During the first three months of 2020, around 129,000 t of ore was processed at the silver mine, yielding some 391,000 oz of silver, 462 t of lead, 958 t of zinc and 998 oz of gold in the concentrates."

https://im-mining.com/2020/06/02/sotkamo-silver-chases-processing-efficiencies-outotec-tomra-xrt-solution/

NASDAQ OMX welcomes Sotkamo Silver AB

Helsinki, July 17, 2012 – NASDAQ OMX (NASDAQ:NDAQ) announces that trading with the shares of Sotkamo Silver AB (trading code: SOSI1) will start today on the main market of NASDAQ OMX Helsinki. Sotkamo Silver AB is a small cap company within the sector Basic Materials.

Sotkamo Silver shares have been listed on the NGM Equity Stock Market in Stockholm since 2004, and from today the shares of the company are also secondary listed on NASDAQ OMX Helsinki. Sotkamo Silver is the second company to be listed in Helsinki this year.

The business concept of Sotkamo Silver AB is to exploit mineral deposits in the Nordic countries, taking into account the requirements set by the society and environment. Sotkamo Silver owns silver and gold mineral deposits in Finland through its subsidiary Sotkamo Silver Oy. Currently, the main development project of the company is the Taivaljärvi Silver Mine.

Lauri Rosendahl, President of NASDAQ OMX Helsinki, said: “We welcome Sotkamo Silver AB to the family of NASDAQ OMX listed companies among which the company is a great addition to our Nordic offering in the small cap sector. We hope the example of Sotkamo Silver leads the way also for other entrepreneurs to consider an exchange listing as a valuable funding alternative to fuel future growth”.

“The listing of Sotkamo Silver shares has served our shareholders well. However, it has proved difficult for Finnish investors to invest in our shares through NGM market in Stockholm. More than 500 shareholders of approximately total 5,000 shareholders of Sotkamo Silver are Finnish.

As a result of our Helsinki listing, investing in our shares will be much easier for Finnish investors. I think we are an interesting investment alternative for many Finns, as we are the only silver mining company and one of the very active junior mining companies located in Finland”, says CEO Timo Lindborg of Sotkamo Silver."

https://www.globenewswire.com/news-release/2012/07/17/271056/0/en/NASDAQ-OMX-welcomes-Sotkamo-Silver-AB.html

SHARES AND SHARE TRADINGS

Sotkamo Silver AB’s share capital on 30 September 2020 was 246 901 555 SEK and the number of shares 179 977 732. In May 2020 Sotkamo Silver AB issued 11 246 583 warrants, which gives the holder the right to subscribe to one new share in Sotkamo Silver at a subscription price of SEK 2.00.

The final EUR subscription price for subscription of new shares will be established on 30 April 2021. Subscription and simultaneous cash payment for new shares will take place during the period between 1 May 2021 and 28 May 2021. Upon full exercise of warrants, the share capital will increase by 15428568.84 SEK to 262330123.52 SEK and the number of shares will increase by 11 246 583 shares to 191 224 315 shares.

The Sotkamo Silver shares are tradedon NGM Equity Stockholm and on Nasdaq Helsinki. The company ticker code is SOSI at NGM Equity and SOSI1 at Nasdaq Helsinki.

The shares’ISIN-number is SE0001057910. The shares are also traded on Börse Berlin, Open Market, where the company code number is A0MMF4 and ISIN-number is the same as on NGM Equity Stockholm; SE0001057910.

https://mb.cision.com/Main/15292/3215732/1318856.pdf

PRODUCTION AND GUIDANCE

In the third quarter, 142000 (127000) tonnes of ore were milled. In Q3 the company produced about 433000 (358000) ounces silver, 923 (1081) ounces gold, 419 (445) tonnes lead and 818 (1010) tonnes zinc in concentrates.

Year to date, the production was about 1 231 000 (582000) ounces silver, 2 996 (1675) ounces gold, 1 202 (595) tonnes lead and 2 497 (1305) tonnes zinc in concentrates. Milled tonnes until the end of Q3 were about 407000 (218000).

The annual production guidance of 13 March 2020 remains unchanged. Accordingly, we expect to process 480000 -540000 tonnes of ore. Correspondingly, the silver production is forecasted to be 1.4-1.7 million ounces in 2020.

https://mb.cision.com/Main/15292/3215732/1318856.pdf

QUARTERLY REPORT, THIRD QUARTER 2020 - 14. Oct 20

HIGHLIGHTS OF THE THIRDQUARTER 2020

•Net sales was 130 MSEK (82)
•EBITDA was 58 MSEK (33)
•EBIT was 40 MSEK (3)
•Earnings per share was 0.19SEK (0.01) non-diluted, 0.18SEK (0.01) diluted
•Cash and cash equivalents were 30 MSEK (7)
•Investments were 4 MSEK (28)
•The production was about 433000 (358000) ounces silver, 923 (1081) ounces gold, 419 (445) tonnes lead, and 818 (1010) tonnes zinc in concentrates
•Due to the pricing mechanismin use, the final metal sales prices of Q2 2020 increased both the net sales and profitability of Q3 2020

https://mb.cision.com/Main/15292/3215732/1318856.pdf

A silver mine 40 years in the making

"If you ever wanted to buy a share of real silver mine now you have chance. The Finnish Sotkamo Silver mine has been in full production since March 2019, producing mostly silver and little bit of gold. The silver price bottomed at the end of March, 2020 at the $11 per troy ounce level.

Silver now trades at $27 per troy ounce and Sotkamo Silver stock bottomed out on March 19th 2020 at €0.1395 per share, closing September 3rd, 2020 at €0.3065 with a market cap of €55 million.

Sotkamo Silver has been publicly listed on the Nasdaqomxnordic Finnish First North list since July 2012 – a sleeping beauty as they say – long forgotten until 2020. The range of stock has been between €1.135, an all time high in January, to March 19, 2020 when it was trading at €0.1395.

Sotkamo Silver is still very cheap after three month gain of 43% and still down YTD -8.35%.
A silver mine 40 years in the making

The first indications of the Ag-Au-Zn-Pb mineralization at the Sotkamo Silver mine site were found in 1980 when a research group from the University of Oulu found several Ag-Au-Zn anomalous glacial boulders along the dry shoreline of a small lake in the Sotkamo municipality in Finland, home to one of the largest nickel deposits in Europe at Talvivaara.

In October 1980, Kajaani Oy secured mineral rights over the silver mine deposit via claim reservations. In January 1982 two claims were granted. They cover the today’s Ag-Au-Zn deposit and its immediate surroundings.

A diamond drilling campaign during 1981-1989 followed a successful fast-track exploration. The surface drill campaign was successful in delineating a 40 meters to 100 meters wide mineralization, which has a strike extent of 550 meters and continues to at least 650 meters below the surface.

Kajaani Oy and Outokumpu Oyj signed a joint venture agreement in 1988 for the development of the silver deposit and started to build a tunnel down to the mineralization. It saw an eventual 2.6 kilometers long decline and an approximately 350 meters long ventilation shaft, which were mined between 1988 and 1990 and which required approximately €6 million in investment.
Silver mining at Sotkamo was driven by metals prices

After conducting a feasibility study and technical design analyses for mining in 1991, the project was suspended due to low metal prices. The silver price at that time was approximately $4 per ounce. The silver price had been trading at between $5-10 per troy ounce since the project started. Silver prices stabilized at more than $5 per troy ounce in 2004, but by then both Kajaani and Outokumpu (both majority owned by the Finnish government) had changed their focus away from industrial mining.

In 2005 the earlier owners let the mining concession lapse. The same year the owners of Sotkamo Silver Oy (Silver Resources Oy at that time) applied for a claim reservation over the property. In 2006 Sotkamo Silver applied for the previously presented claims over the silver mine deposit and they were issued in May 2007. Since 2006 Sotkamo Silver has developed the mine project until the successful commissioning and start of production in 2019. It has taken almost 40 years from the initial discovery to the production coming online.

Thanks to Covid-19 central banks have continued money printing around the world to keep the economy going, but by increasing the money flow they are decreasing the value of the paper currency.

Now we – individual investors can enjoy the rewards – the silver and gold markets look like they will enjoy excellent and long term bull markets even after the cure for Covid-19 has been found."

https://www.thearmchairtrader.com/sotkamo-silver-finland-stock/

The Company operates the Silver Mine in Finland, (In Sotkamo). The production was started in March 2019 and mine produces silver, gold, zinc and lead in the concentrates which are sold to a smelter. In addition, company holds, directly and through its subsidiary Sotkamo Silver Oy, exploration rights to mineral deposits in Finland and Norway

Silver Mine

Silver Mine started production in March 2019. After a successful ramp up of the production, the mine achieved planned production capacity during the Q3/2019.

The concentrating plant milled and treated ca. 343 000 tons of ore during the 2019.

In 2019 the mine produced ca. 1 million ounces of silver, almost 3 000 ounces of gold and 932 tons of lead and 1 915 tonnes of zinc in the concentrates.

Net sales of 2019 were ca. 197 MSEK.

Silver Mine employs more than 110 employees.

https://www.silver.fi/en/

Sotkamo Silver is a Swedish company, but Silver Mine is located in Sotkamo in Finland.