Slide 1: Sotkamo Silver AB Q2/2022 Release Info
Sotkamo Silver AB Q2/2022 Release Info Tilaisuus alkaa kello 10:00 1
Slide 2: Sotkamo Silver AB Q2/2022 Release Info
Sotkamo Silver AB Q2/2022 Release Info CEO Erkki Kuronen CFO Tommi Talasterä July 29, 2022 2
Slide 3: Agenda of today
Agenda of today • Q2/2022 and Operational Update – CEO Erkki Kuronen • Financial Result of Q2/2022 and Half-year – CFO Tommi Talasterä • Questions and Answers 3
Slide 4: Agenda of today
Agenda of today • Q2/2022 and Operational Update – CEO Erkki Kuronen • Financial Result of Q2/2022 and Half-year – CFO Tommi Talasterä • Questions and Answers 4
Slide 5: Highlights of the Q2 2022
Highlights of the Q2 2022 • The production was about 281 000 (382 000) Zero Lost Time ounces of silver, 796 (988) ounces of gold, 365 Refinancing Incidents and (396) tonnes of lead, and 824 (919) tonnes of LTIFR 8 zinc in concentrates • Refinancing completed • P700 Drilling continued P700 New Mining
Slide 6: Focus on the production mix and optimization of the revenue
Focus on the production mix and optimization of the revenue H1 2021 H2 2021 H1 2022 Produced Zinc (tons) 2 000 Silver (koz) 726 649 617 1 600 1 200 Gold (oz) 1 695 1 708 1 666 koz 800 400 Lead (tons) 705 789 830 0 H1/21 H2/21 H1/22 Zinc (tons) 1 582 1 791 1 814 Produced Lead (tons) New production gu
Slide 7: Responsibility
RESPONSIBILITY • Sustainable Business and Risk Management • Implementation of Towards Sustainable Mining, “Kaivosvastuujärjestelmä” • Focusing on Safety and Engagement • Zero LTI target • Taking Care of the Environment 7
Slide 8: Ore production and Silver grade
Ore production and Silver grade Milled ore (t) 200 000 175 000 150 000 125 000 tons 100 000 75 000 50 000 25 000 0 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Head grade Silver (g/ton) 120 100 80 g/ton 60 40 20 0 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 8
Slide 9: Metal production
Metal production Produced Silver (koz) Produced Lead (tons) 500 500 400 400 300 300 koz tons 200 200 100 100 0 0 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Produced Gold (oz) Produced Zinc (tons) 1 200 1 200 1 000 1 000 800 800 tons 600 600 oz 400
Slide 10: Project 700 – Drilling until June 30, 2022
Project 700 – Drilling until June 30, 2022 Phase Meters UG phase 1: 4 420 meters Surface phase 1: 3 809 meters UG phase 2: 2 534 meters Surface phase 2: 3 999 meters Total: 14 762 meters 10
Slide 11: Regional Exploration – REX
Regional Exploration – REX 11 Pohjakartta © Maanmittauslaitos ja GTK
Slide 12: Agenda of today
Agenda of today • Q2/2022 and Operational Update – CEO Erkki Kuronen • Financial Result of Q2/2022 and Half-year – CFO Tommi Talasterä • Questions and Answers 12
Slide 13: Highlights of the Q2 2022
Highlights of the Q2 2022 Net sales was 90 MSEK The average price of silver was about 4 USD (109) MSEK. The lower compared to the same period last year. decrease was due to EBITDA was 6 MSEK (36) However, the price level of other metals was declined silver price and higher than last year lower produ
Slide 14: Highlights of the Half-year 2022
Highlights of the Half-year 2022 Net sales were at last year's level despite the decrease in the price of silver due to higher prices of other metals. The quantities of zinc and lead sold exceeded last year's. Silver and gold sales volumes fell slightly short of last year Net sales was 205 EBITDA wa
Slide 15: Income statement Q2/H1 2022
Income statement Q2/H1 2022 2022 2021 2022 2021 2021 Amount in MSEK Q2-22 Q2-21 H1-22 H1-21 FY21 Net sales 90,3 109,4 204,7 204,4 386,8 Change of finished goods 0,8 0,1 -0,4 1,1 1,3 Other income -2,0 2,1 3,7 0,5 0,6 Supplies -55,7 -55,2 -109,3 -109,4 -203,8 Other expenses -15,5 -10,4 -32,5 -26,2 -53
Slide 16: Balance sheet 30.6.2022
Balance sheet 30.6.2022 Amount in MSEK 30.6.2022 30.6.2021 31.12.2021 Assets Fixed assets Intangible fixed assets 0,3 0,0 0,0 Tangible fixed assets 524,5 509,8 516,4 Right of use assets 20,8 38,5 29,6 Financial fixed assets 29,6 14,8 35,1 Total fixed assets 575,2 563,0 581,1 Current assets Inventori
Slide 17: Cash flow statement H1 2022
Cash flow statement H1 2022 1.1.2022- 1.1.2021- Amount in MSEK 30.6.2022 30.6.2021 Operating activities Result for the period 2,6 -3,5 Adjustments for items not effecting cash 38,9 50,1 Interests paid -16,1 -17,1 Cash flow from operating activities before changes in working 25,5 29,5 capital Cash fl
Slide 18: Agenda of today
Agenda of today • Q2/2022 and Operational Update – CEO Erkki Kuronen • Financial Result of Q2/2022 and Half-year – CFO Tommi Talasterä • Questions and Answers 18
Slide 19: Sotkamo Silver in Sweden / Finland
Sotkamo Silver in Sweden Sotkamo Silver AB Nybrogatan 34/Box 5216 SE-102 45 Stockholm Sotkamo Silver in Finland Sotkamo Silver Oy Hopeatie 20 FI-88600 SOTKAMO Telephone +358 44 733 2355 19