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MarketScreener Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Sotkamo Silver AB    SOSI1   SE0001057910

SOTKAMO SILVER AB

(SOSI1)
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SOTKAMO SILVER : INVESTS IN BAT TECHNOLOGY AND WATER TREATMENT

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02/12/2019 | 02:46am EST

Press release: Stockholm, February 12th, 2019

It has been decided to introduce a mechanical water treatment plant at the Silver Mine as part of a four-stage water treatment process. This is part of the mine's investment in the BAT technology (BAT = Best Available Technology).

The processes in the mechanical treatment plant, after chemical conditioning, are lamella sedimentation and sand filtration. In addition to these steps, the water treatment process includes the already existing clarification ponds and surface drainage fields. In addition to removing solids, water-soluble impurities are also removed from the water.

Sanitary wastewater is treated in a biochemical treatment plant inside the mining mine area. In addition to water treatment technology, we have invested in automation, a fast telecommunication network in the underground mine, engineering and ore sorting technology planning to be able to utilize the BAT technology, as well as in remote control of the production process and maintenance.

"We have taken into account the concerns of people in the area, considering the quality of the water leaving the mine, and have decided to invest in water treatment by introducing the mechanical water treatment already at this introductory stage of the mine project. With these additional efforts, we prepare for the capacity increase and take environmental aspects into account and also improve the efficient control of production using the BAT-technology", says Timo Lindborg, CEO of Sotkamo Silver AB.

Stockholm, February 12th, 2019
Timo Lindborg, CEO

Contact person
Timo Lindborg, CEO of Sotkamo Silver AB, tel. +358 40 508 3507

The information was submitted for publication, through the agency of the contact person set out above, on February 12th, 2019, 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, gold and tungsten in in Finland and Sweden 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

http://news.cision.com/sotkamo-silver/r/sotkamo-silver-invests-in-bat-technology-and-water-treatment,c2738767

https://mb.cision.com/Main/15292/2738767/989380.pdf

(c) 2019 Cision. All rights reserved., source Press Releases - English

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Financials (SEK)
Sales 2018 -
EBIT 2018 -35,0 M
Net income 2018 -39,0 M
Debt 2018 -
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019 13,43
Capi. / Sales 2018 0
Capi. / Sales 2019 2,21x
Capitalization 615 M
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Number of Analysts 1
Average target price 3,30  SEK
Spread / Average Target -30%
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Managers
NameTitle
Timo Albert Lindborg President & Chief Executive Officer
Mauri Mikael Visuri Chairman
Paul Johnsson Chief Financial Officer
Jarmo Vesanto Independent Director
Ilkka Tuokko Director
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