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    SOSI   SE0001057910

SOTKAMO SILVER AB

(SOSI)
  Report
End-of-day quote NORDIC GROWTH MARKET  -  05-19
1.598 SEK   +2.57%
04/27Announcement from sotkamo silver ab agm on april 27, 2022
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04/27Sotkamo Silver Elects Jukka Jokela as Director
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04/26Sotkamo Silver AB Reports Earnings Results for the First Quarter Ended March 31, 2022
CI
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SOTKAMO SILVER INVESTIGATES REFINANCING OF FINANCIAL INSTRUMENTS MATURING IN 2022

01/11/2022 | 02:46am EDT

Press release: Stockholm, January 11, 2021, 08:45 CET

Sotkamo Silver AB and its Finnish subsidiary Sotkamo Silver Oy are investigating the conditions and opportunities for refinancing financial instruments maturing in 2022 (secured bond and convertible bond). At the same time, the company's main goal is to extend the maturity of its debt financing.

The refinancing study is expected to be finalized so that Sotkamo Silver could decide on the possible refinancing during the spring of 2022.

Stockholm, January 11, 2022

Sotkamo Silver AB

Erkki Kuronen, CEO
 

Contact person

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 January 11, 2022, at 08:45 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'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

https://news.cision.com/sotkamo-silver/r/sotkamo-silver-investigates-refinancing-of-financial-instruments-maturing-in-2022,c3483817

https://mb.cision.com/Main/15292/3483817/1518710.pdf

(c) 2022 Cision. All rights reserved., source Press Releases - English

All news about SOTKAMO SILVER AB
04/27Announcement from sotkamo silver ab agm on april 27, 2022
AQ
04/27Sotkamo Silver Elects Jukka Jokela as Director
CI
04/26Sotkamo Silver AB Reports Earnings Results for the First Quarter Ended March 31, 2022
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04/26Quarterly report, first quarter 2022
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04/26Sotkamo Silver AB Reports Production Results for the First Quarter Ended March 2022
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04/26Sotkamo Silver AB Provides Production Guidance for the Year 2022
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03/31Sotkamo silver ab has published the annual report for 2021
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03/30SOTKAMO SILVER AB : Update on the release schedule of the drilling results, and mineral re..
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03/30Sotkamo Silver AB Announces the Release of the Assay Results of the Surface Drilling Ca..
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03/28Sotkamo Silver Unit Secures $16 Million Senior Loan to Complete Refinancing
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Financials
Sales 2021 383 M 38,4 M 38,4 M
Net income 2021 -27,6 M -2,77 M -2,77 M
Net Debt 2021 227 M 22,8 M 22,8 M
P/E ratio 2021 -11,4x
Yield 2021 -
Capitalization 320 M 32,1 M 32,1 M
EV / Sales 2021 1,43x
EV / Sales 2022 1,09x
Nbr of Employees 49
Free-Float 86,1%
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 1
Last Close Price 1,60 SEK
Average target price 1,90 SEK
Spread / Average Target 18,9%
EPS Revisions
Managers and Directors
Erkki Kuronen Chief Executive Officer
Tommi Talasterä Chief Financial Officer
Eeva-Liisa Virkkunen Chairman
Jarmo Vesanto Independent Director
Karri Arne Olavi Alameri Director
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