As per
Batch 8 was stocked during the quarter and the Company plans to stock two additional batches in Q4, supporting further increase in biomass production and steady state production volumes of 7,900 tonnes HOG p.a. by year-end.
The Company harvested 185 tonnes HOG during the third quarter, after pushing some of the planned volumes to the fourth quarter to optimize harvest weights and price realization. For the fourth quarter the Company is planning to increase harvest volumes significantly.
"We are very pleased with the continued strong biological performance. During the third quarter we saw both all-time high biomass production and standing biomass. Coupled with production costs trending in the right direction on back of higher production, and a historically strong salmon market, we very much look forward to the fourth quarter and our significant ramp-up in harvest volumes," CEO of
Please see attached presentation for further details.
For further information, contact:
CEO,
+47 911 91 327
Trond Vadset Veibust
CFO,
+47 480 90 595
About
The Company's first production facility is strategically located at Indre Harøy on the Norwegian west coast with unlimited access to fresh seawater, renewable energy, established infrastructure, and an educated and experienced work force. Phase 1 is already in operation and will have an annual capacity of 7,900 tonnes HOG at steady state. Fully developed, the Indre Harøy facility will have an annual capacity of 31,500 tonnes HOG.
The Company has also entered into a joint venture with
Furthermore,
To learn more, please visit www.salmonevolution.no
https://news.cision.com/salmon-evolution/r/salmon-evolution-asa--q3-2023-operational-update,c3845724
https://mb.cision.com/Main/19899/3845724/2330813.pdf
(c) 2023 Cision. All rights reserved., source