Sotkamo Silver Ab · NGM:SOSI
Sotkamo Silver Ab — Investor Presentation (December 2020)
18 slides from Sotkamo Silver Ab's investor presentation, Dec 10, 2020
Slide 1: Sotkamo Silver AB Strategy 2021-2025
Sotkamo Silver AB Strategy 2021-2025 Erkki Kuronen CEO 10.12.2020 1
Slide 2: What is Sotkamo Silver?
What is Sotkamo Silver? • Supplier of metal concentrates to enable the change into the future world • Part of the value chain with selected and reputable partners • Underground mine and efficient supply chain enable small footprint • Committed to responsibly improve and elaborate its performance 2
Slide 3: Company facts
Company facts • Sotkamo Silver AB is listed in NGM Equity stock exchange in Stockholm and parallel in main list of Nasdaq Helsinki. • Market cap ca. 50 million euros, 179 977 732 shares. • Four largest shareholders (as per end of November 2020) • Hexof Oy 6.3 % • Ilmarinen Mutual Pension Insurance C
Slide 4: Published Q3/2020 (YTD) results
Published Q3/2020 (YTD) results • Net sales was 130 MSEK (YTD 287 MSEK) • EBITDA was 58 MSEK (YTD 67 MSEK) • EBIT was 40 MSEK (YTD -43 MSEK) • Milled tonnes were about 142 000 (YTD 343 000) • The production in the concentrates was about • 433 000 ounces silver (YTD 1 231 000), • 923 ounces gold, (YT
Slide 5: Story of the Silver Mine – the flagship of the Company
Story of the Silver Mine – the flagship of the Company • The genesis of the Silver Mine deposit dates to the volcanic activity which took place ca. 2.8 billion years ago. • The deposit was discovered in 1980 and after almost a 40 years of persistent development the production was started in March 20
Slide 6: Our Mission and Values
Our Mission and Values Our Mission ”Discover, Mine and Deliver – metals and value” We believe in being Responsible and Local 6
Slide 7: being Responsible and Local
being Responsible and Local We want to make the By being Local, we want Responsibility into a to contribute to the well- new norm. being of our stakeholders: Sustainability, Employees Transparency, Neighbors Respect and Local community Reliability Society are natural elements of by delivering metals
Slide 8: Social license and Responsiblity
Social license and Responsiblity • Strong local community support and acceptance. • Environmental collaboration with stakeholders. • Continuously improvement of the process to improve the material efficiency. • Committed to the Finnish Towards Sustainable Mining –standard (Network of Sustainable Min
Slide 9: Commitment to Sustainability
Commitment to Sustainability Company will: • Implement an Energy-Efficiency Initiative among its key partners to reduce overall energy consumption per produced silver ounce • Increase the share of renewable energy • Define its CO2 footprint of the production and road map to reduce CO2 emissions • Pr
Slide 10: Steps to the future success
Steps to the future success The long-term success and development of the Company will be built on the key projects: • Project 700 to extend the Silver Mine’s life of mine until 2030 • Project REX, Regional Exploration, to discover and develop new exploitable ore deposits in the Kainuu region. 10
Slide 11: Project 700 – Mining continues until year 2030
Project 700 – Mining continues until year 2030 Project 700: 10 MEUR investment to increase life of mine (LOM) until 2030, expenditure in phases over a period of 5-7 years. The works include the core drilling and the development of the mine decline and infrastructure. Current LOM of the Silver Mine i
Slide 12: Project REX – creating opportunities
Project REX – creating opportunities Suomussalmi Regional Exploration and Development: • To develop an attractive and explorative portfolio of mineral assets, and • To discover new exploitable ore deposits in the Kuhmo West Kainuu region. Our homebase: Silver Mine Tipasjärvi Tipasjärvi Our vicinity:
Slide 13: Metal production
Metal production • Metal concentrates produced at the Silver Mine are delivered to the smelters at Rönnskär, Sweden, and Kokkola, Finland, for refining by Boliden AB. • Ca. 3 100 tons of silver-gold-lead concentrate per annum • 1.5 million ounces of silver (45 tons) • 4 500 ounces of gold (140 kg) •
Slide 14: Silver and gold in the electrification of the modern society
Silver and gold in the electrification of the modern society Electric vehicles Renewable energy Photovoltaics Smartphones 14
Slide 15: Silver and gold in the electrification of the modern society
Silver and gold in the electrification of the modern society: Annual demand of silver is ca. 1 000 million ounces; more Global demand of Silver than 50 % is industrial demand dominantly in Photovoltaics and Automotives. Electric vehicles (EVs) and Renewable Energy • Silver and gold in semiconductors
Slide 16: Zinc and lead are vital for many areas of the human life
Zinc and lead are vital for many areas of the human life … ..and the most used non-ferrous metals after aluminum and copper. ZINC – global mine production 12.9 Mtpa • Galvanizing (50%) • Zinc Alloying (17%) • Brass and bronze (17%) LEAD – global mine production 4.7 Mtpa • Widely used in lead-acid ba
Slide 17: Lead – the mother of all battery metals
Lead – the mother of all battery metals • Global primary lead production was 4.7 “Even most pure electric vehicles Million tons in 2019, while total metal use lead-acid batteries for Starting, production and usage was 12.2 Million Lightning and Ignition purposes” tons. (1) • 80% of the global produc
Slide 18: Sotkamo Silver in Sweden and 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 18
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