Sotkamo Silver: Silber, Gold, Zink in Nordskandinavien (Seite 6)

[Petronius]

Antwort auf Beitrag Nr.: 67.673.353 von Petronius am 31.03.21 21:42:39

SALVE!

Super, das ist in Schwedisch oder so.....

Petronius

[Petronius]

SALVE!

Der volle Jahresbericht ist online:
https://mb.cision.com/Main/15292/3318237/1395885.pdf

Petronius

[Petronius]

SALVE!

Ich gehe gerade durch die Zusammenfassung des JAhresberichtes 2020 vom Februar durch:
https://mb.cision.com/Main/15292/3288351/1374097.pdf

Kommentare:
Seite 4: In 2020, the production was about 1 580000 (1000000) ounces silver,3 965(2 697) ounces gold, 1 532(937) tonnes lead and 3 254(1 915) tonnes zinc in concentrates. Milled tonnes during 2020were about 546000 (343000). The annual production guidance for 2021 is 1.45 -1.75 million ounces of silver.

--> Das bedeutet also man erwartet etwa -10% oder +10% der Silberproduktion 2020. Klingt nach Produktionsplateau. Mit etwas besseren Silbergehalt muss also Profitabilität erreicht werden, mengenmässiges Potenzial gibt es wohl eher nicht.

--> Sotkamo bleibt also ein Optionsschein auf Silber am Geld

Ich ärgere mich über die billigen Aktien für die Insti-Kumpels. Andererseits, zu bekannter Produktions-Mechanik ist man bereit 3 SEK zu zahlen, also 0.295 EUR. Zu diesem Preis scheint die Bude für die Kumpels attraktiv zu sein.

Petronius

[Petronius]

SALVE!

Sotkamo gibt 6 Mio Aktien aus, scheinbar ohne ein Bezugsrecht an institutionelle und professionelle Investoren. Prima. Erst beschissene Zahlen veröffentlichen, den Kurs drücken und dann Aktien ausgeben. Ok. Ich bin Aktionär, deshalb kann ich mich trotzdem ärgern. 💩

Petronius

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SOTKAMO SILVER AB: ANNOUNCEMENT OF INTENTION TO CARRY OUT A DIRECTED NEW SHARE ISSUE

Press release: Stockholm, March 22, 2021, 17:50 CET

Sotkamo Silver AB (publ) (“Sotkamo Silver” or the “Company”) hereby announces its intention to carry out a directed new share issue of approximately 6 million shares, to Swedish and international institutional and professional investors (the “Directed New Share Issue”). The Directed New Share Issue is expected to raise approximately MSEK 15 – 20. The Company has retained Stockholm Corporate Finance as Sole Bookrunner for the Share Issue.

The Directed New Share Issue

The Directed New Share Issue is intended to be implemented with deviation from the shareholders’ pre-emption rights and to be based on the authorization granted by the annual general meeting held on April 2, 2020. The subscription price and the total number of new shares in the Directed New Share Issue will be determined through an accelerated book building procedure and will commence immediately following the announcement of this press release. The amount of shares that will be executed in the Directed New Share Issue amounts to approximately 6 million shares.

Pricing and allocation of the new shares are expected to take place before the commencement of trading on NGM Main Regulated and Nasdaq Helsinki, respectively, at 09:00 CET on March 23, 2021. The timing of the closing of the book building process, pricing and allocation are decided by the Company, which may also at any time decide to suspend, shorten or extend as well as to refrain in whole or in part from carrying out the Directed New Share Issue. The Company will announce the outcome of the Directed New Share Issue in a subsequent press release after the closing of the book building.

The proceeds from the Directed New Share Issue will be used to finance the Company’s development of the Sotkamo silver mine, aiming to extend the mine’s production life with 4 – 5 years.

The reasons to deviate from the shareholder’s pre-emption rights is to ensure the most time and cost-effective financing of the Company’s development of the mine as well as further diversify the shareholder base with Swedish and international professional investors. The board of directors’ assessment is that the subscription price in the Directed New Share Issue will be in accordance with market conditions since it will be determined through an accelerated book building procedure.

Advisers

In conjunction with the Directed New Share Issue, the Company has engaged Stockholm Corporate Finance as Sole Manager and Bookrunner. Advokatfirman Schjødt acts as Swedish legal adviser to the Company and Hagberg & Aneborn Fondkommission AB is the issuing agent in connection with the Directed New Share Issue.

Contact person
Erkki Kuronen, CEO, tel. [phone]

This information is information that Sotkamo Silver AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above on March 22, 2021, at 17:50 CET.

[Petronius]

SALVE!

Wandelanleihen in Aktien getauscht:
Press release: Stockholm, February 18, 2021 16:30 CET

Sotkamo Silver AB (“Sotkamo Silver”) has completed the conversion of SEK 15 million convertibles which was announced 10 February 2021. As a result of the conversion, the number of shares and votes in Sotkamo Silver has increased.

Prior to the conversion, the number of shares and votes in Sotkamo Silver amounted to 179,977,732. New shares, 4,541,051, have been registered with the Swedish Companies Registration Office (Bolagsverket). Hence, as of today, February 18, 2021, the number of shares and votes in Sotkamo Silver amounts to 184,518,783.

Petronius

[Petronius]

SALVE!

Die Zahlen muss ich mir noch genau anschauen.
Wenn die kurzfristige Schwankung im Silbergehalt gleich Verluste bedeutet, dann sind die Margen ziemlich knapp. Wieso ist der Umsatz so deutlich niedriger als der im 3.Quartal? Da waren es 131 MSEK und in Q.4 nur noch 78 MSEK???? Wenn dann das EBIT -16 MSEK ist, dann wären die Betriebskosten in Q4. 78 + 16 = 94 MSEK, das wäre auf dem Niveau von Q3 von etwa 90 MSEK.

Wie waren die Produktionszahlen in Q3.2020?
The production was about 433000 (358000) ounces silver, 923 (1081) ounces gold, 419 (445) tonnes lead, and 818 (1010) tonnes zinc in concentrates

Q4?
In Q4 the company produced about 349 000 (418 000) ounces silver, 969 (1 022) ounces gold, 330 (337) tonnes lead and 757 (611) tonnes zinc in concentrates. As mentioned earlier, the head grades of the mill feed were lower than in the reference period resulting lower metal production in the concentrates.

Im Q4 ist der Silber-Output um 84000 Unzen gefallen? 20% weniger als in Q3? Blei und Zink auch deutlich gefallen. 84k Unzen zu 23 USD wären 1.93 Mio USD = 16 MSEK Umsatzverluste.
Selbst wenn ich wegen Blei und Zink auf 20 MSEK aufrunde, dann wäre das korrigierte Umsatzziel etwa 100 MSEK, weit weg von den 131 MSEK aus Q3...
Was ist hier los? Haben die das Q3 damals durch Umsatzverschiebung aufgehübscht oder Q4 hässlich gestaltet?

Das ist schon ziemlich enttäuschend.

Andererseits, in Helsinki sind heute 9,667,437 Aktien über den Tisch gegangen! Das wäre 5.3% der Bude!!!! 📢
http://www.nasdaqomxnordic.com/shares/microsite?Instrument=H…

Petronius

[Petronius]

SALVE!

Zahlen sind raus. Letztes Quartal wieder rot. Das ist mies!
https://www.silver.fi/en/investors/press/press-relases/newsf…

HIGHLIGHTS OF THE FOURTH QUARTER 2020

Net sales was 78 MSEK compared to the previous year 86 MSEK due to the lower silver grades in production
EBITDA was 7 MSEK (5)
EBIT was -16 MSEK (-32)
Cash and cash equivalents were 35 MSEK (30)
Investments were 14 MSEK (8)
The production was about 349 000 (418 000) ounces silver, 969 (1 022) ounces gold, 330 (337) tonnes lead, and 757 (611) tonnes zinc in concentrates
Regional State Administrative Agency gave the decision on the environmental permit application of the Silver Mine in December 2020
Acquisition of the mining rights of Hietaharju and Peura-aho from Boliden as a part of the implementation of the revised strategy.

FULL YEAR 2020

Net sales was 366 MSEK (197)
EBITDA was 73 MSEK (8)
EBIT was -10 MSEK (-75)
Earnings per share was -0.26 SEK (-0.75) non-diluted, -0.24 SEK (-0.75) diluted
Investments were 32 MSEK (153)
The production was about 1 580 000 (1 000 000) ounces silver, 3 965 (2 697) ounces gold, 1 532 (937) tonnes lead, and 3 254 (1 915) tonnes zinc in concentrates

Comparative figures refer to the corresponding period of the previous year.


CEO ERKKI KURONEN

First, I want to express my sincere and humble thank to all employees of the Company and our contractors, “the Silver Miners”, for your efforts. You have worked diligently and showed admirable professionalism, and dedication to make the Silver Mine to what it is today. You can be proud of yourselves and the journey we have taken to today. This applies to the quarter in concern as well as the whole year 2020 and before. You are an amazing team.

When thinking back to Q4 2020 I realize how many significant milestones we achieved. Quite often in the stream of the days one just performs and notices the tasks completed but when you start to think the achievements, you notice that we really did quite a job. The preparations for the production at and around 240-level and below 300-level, start of the drilling as a part of the P700-project, acquiring of the Peura-aho and Hietaharju mining concessions from Boliden, preparation and roll-out of the revised strategy and the first live-stream in the history of the company and the new environmental permit just to mention a few.

All above, alone, and together, are major achievements and cornerstones for our future success. Simultaneously, we have maintained excellent performance in our operational reliability of our concentrating plant. The mill online time during Q4 was 94 % and silver recovery to our concentrates was 86 %. We have continued to have focus on streamlining of our processes and practices to enhance safety and usability.

The core drilling was started as a part of P700-project. Project will continue in 2021 and I look forward to work to increase the life of mine. Another significant development project, Ore Sorting, has progressed during. The results are in line with the expectations. However, ore sorting is still on the piloting phase and a lot of work is needed to make it operational.

We have been preparing the mine production in the deeper levels of the mine by drifting horizontal tunnels to follow the ore zones. This had an impact to mill head grades which were lower than in average in October and November but recovered in December to average level. Silver production of the reporting period was ca. 350 kilo-ounces. This sets to the low end of the range of 350-430 kilo-ounces which has been the variation during the last six quarters, i.e., ca. 390 kilo-ounces +/- 10% per quarter. Volatility of the head grades is high in a short period but evens well in quarterly or yearly period. Silver production of 1.58 million ounces is well within the production guidance for the full year which was 1.4 to 1.7 million ounces.

Lower metal production compared to the previous quarter and Q4/2019 and final price determination mechanism had an impact to our revenue which was 78 MSEK for the reporting period and totalled to 366 MSEK for the full year. Volatility of the production and especially the final pricing mechanism have strong impact to the revenue and financials of a single quarter while annual figures illustrate much better the performance of the company.

As year 2019 was the year of production start and ramp-up and year 2020 was the year of stabilization of the production, I look forward to 2021 to implement our revised strategy and to go ahead full steam both in daily operations as well as in the development projects. Being Responsible and being Local.


BUSINESS

The Company operates the Silver Mine in Sotkamo, Finland. The production was started in March 2019 and the mine produces silver, gold, zinc, and lead in concentrates which are sold to a smelter. In addition, the Company holds mining and exploration rights to mineral deposits nearby current operations in Sotkamo region in Finland.

At the end of Q4, the Company relinquished its exploration permits in Norway. As a part of the implementation of revised strategy the Company acquired the mining rights of the Hietaharju and Peura-aho nickel-copper-platinum-palladium deposits from Boliden. The sale and transfer of the exploration licenses and permits to NewPeak Finland Oy and NewPeak Sweden Oy in Tampere and Bergslagen progressed during the period.

Key figures, group Q4 2020 Q4 2019 FY 2020 FY 2019
Net sales MSEK 78 86 366 197
EBITDA MSEK 7 5 73 8
EBIT MSEK -16 -32 -10 -75
Equity ratio (%) 32 31 32 31
Cash liquidity (%) 69 34 69 34
Personnel at end of period 50 47 50 47
Milled tonnes approx. 139 000 125 000 546 000 343 000
Average Silver grade g/tonne 92 119 104 107


Net sales was 78 MSEK compared to the previous year 86 MSEK due to the lower silver grades in production. Preparations for the mine production in the deeper levels of the mine by drifting horizontal tunnels to follow the ore zones had an impact to mill head grades which were lower than in average in October and November but recovered in December to average level. In addition, the ore has natural variance in the grades.

Other income of 5 MSEK (0) includes +5 MSEK (0) estimated unrealised final sales price adjustment for the period. The final sales price for silver and gold is based on monthly average market price two months after the delivery, deducted by the customer’s smelter charges.

Investments in the underground mine and in the concentrating plant together with the sorter development and environmental investments amounted to 14 MSEK (8) in Q4 and 32 MSEK (153) in FY2020. P700 project’s exploration was also started in Q4 which costs are included in the investments of the period.


PRODUCTION AND GUIDANCE

In the fourth quarter, 139 000 (125 000) tonnes of ore were milled. In Q4 the company produced about 349 000 (418 000) ounces silver, 969 (1 022) ounces gold, 330 (337) tonnes lead and 757 (611) tonnes zinc in concentrates. As mentioned earlier, the head grades of the mill feed were lower than in the reference period resulting lower metal production in the concentrates.

In 2020, the production was about 1 580 000 (1 000 000) ounces silver, 3 965 (2 697) ounces gold, 1 532 (937) tonnes lead and 3 254 (1 915) tonnes zinc in concentrates. Milled tonnes during 2020 were about 546 000 (343 000).

The annual production guidance for 2021 is 1.45 - 1.75 million ounces of silver.


EVENTS AFTER THE REPORTING PERIOD

9 February 2021 Sotkamo Silver agreed with the convertible holder Formue Nord Markedsneutral A/S to amend the terms and conditions of the Company's outstanding convertibles 2019/2020 in the aggregate amount of SEK 15 million. In connection with the agreement on the amendment of the terms and conditions, the convertible holder requested a conversion of all outstanding convertibles to shares. There will be 4 541 051 new shares and total number of shares will be 184 518 783 after the conversion and new shares registration process is completed.

Sotkamo Silver has also a convertible loan of 5.1 MEUR which is due September 2022. After the 15 MSEK convertible bond’s conversion and share registration process is completed, the updated conversion price for this 5.1 MEUR will be 0.3961 EUR per share due to increase in total number of shares.


FINANCIAL CALENDER

Annual report March 2021
Q1 22 April 2021
Q2 15 July 2021
Q3 15 October 2021
Q4 2021 17 February 2022

This report has not been subject to a financial review by the company's auditors.

The reports are available at the Company webpage: www.silver.fi/en/investors

[Petronius]

SALVE!

Hätte Analystengeschwätz im Angebot:
https://markets.businessinsider.com/news/stocks/sotkamo_silv…
Sotkamo Silver AB will be reporting earnings from the last quarter on February 17.
Analysts expect earnings per share of SEK 0.060.
Go here to track Sotkamo Silver AB stock price in real-time ahead of earnings.

Sotkamo Silver AB releases earnings for the most recent quarter on February 17.

1 analyst expects earnings of SEK 0.060 per share as opposed to losses of SEK 0.380 per share in the same quarter of the previous year.
Wall Street analysts are expecting the company to report SEK 110.0 million, an increase of 28.21% over the prior year quarter when the company reported SEK 85.8 million.
Looking at the full year, Wall Street analysts are expecting a loss of SEK 0.060 per share. In the previous year, there was a profit of SEK 0.750 per share. On average, analysts estimate full-year revenue to be SEK 397.0 million, compared to SEK 197.0 million in the previous year.

Dann schauen wir mal, was passiert.

Petronius

[Petronius]

Antwort auf Beitrag Nr.: 67.011.945 von Markus242 am 15.02.21 11:43:19

SALVE Markus,

Willkommen im Club!
Bisher habe ich hier Alleinunterhalter gemacht. Im Prinzip habe ich nur meine Recherchen und auch Bedenken aufgeschrieben. Würde mich freuen, wenn du deine Recherchen und Gedanken zuweilen posten würdest.

Am 17.2. müssten Zahlen kommen, bin gespannt, wie sich die Produktivität entwickelt hat und sich die Metallanteile Gold, Silber, Blei verteilen. Mit den Produktionszahlen könnte man dann eine Excel-Simulation aufsetzen und mit Preisszenarien spielen. Die Industriemetalle steigen ja auch. Sollte also insgesamt gut aussehen für Sotkamo. Den Ölpreis im Auge behalten. Der symbolisiert die Energiekosten. Das ist der wichtigste Input bei den variablen Kosten.....

Ein weiterers interessanter Punkt ist die Aktionärstruktur. Das ist ziemlich kleinteilig ohne richtig grosse Aktionäre. Wen da jemand ein PAket aufbauen will, dann profitieren hier alle und nicht der Verkäufer eines fetten Paketes. Sotkamo ist im Prinzip ziemlich klein. Die Zukunftsprojekte nur in der Analysephase. Das wird Jahre dauern, bis es da mal News gibt.
Für einen grossen Silberproduzenten könnte die Bude interessant sein, auch wegen der geographischen Lage.

Hoffe erhlich gesagt noch mal auf einen Rücksetzer...:-)

Petronius

[Markus242]

Antwort auf Beitrag Nr.: 66.857.305 von Petronius am 06.02.21 13:07:04

Zitat von Petronius: Bin gespannt, ob der Wert medial entdeckt wird....

Petronius

Hi Petronius,
wann und ob der Wert Medial entdeckt wir weiß mann nicht, allerdings habe ich ihn jetzt für mich entdeckt und bin eingestiegen
Vielen Dank an dieser Stelle für Deine Beiträge!
Gruß