Sotkamo Silver Ab · NGM:SOSI

Sotkamo Silver Ab — Shareholder Meeting (April 2020)

11 slides from Sotkamo Silver Ab's shareholder meeting presentation, Apr 2, 2020

  1. Slide 1: Sotkamo Silver

    Sotkamo Silver PAUL JOHNSSON, VD BOLAGSSTÄMMA 2 APRIL 2020

  2. Slide 2: Agenda

    Agenda  Sotkamo Silver in brief  Values, strategy and vision  Highlights 2019  Plans for 2020  Rights issue  Questions

  3. Slide 3: Sotkamo Silver in brief

    Sotkamo Silver in brief  Founded 2010 (Sotkamo Silver AB)  Listed on NGM Stockholm and Nasdaq Helsinki  Market cap 400 MSEK (9th March 2020)  2019 – from exploration to mining company  Production capacity 500 000 tonnes ore/year  Silver (ca. 60% of revenue)  Gold, Zinc, Lead

  4. Slide 4: Our mission

    Our mission To create value through sustainable and innovative mining operations

  5. Slide 5: Company values

    Company values  Environmental responsibility  Reliability - partner and working place  Innovation  Transparency

  6. Slide 6: Vision

    Vision  To be an innovative and a responsible mining company in the Nordic region  To support local development and stakeholders and contribute to a better future  To attract and develop talented employees at all levels of the organization

  7. Slide 7: Strategy

    Strategy  Development of the silver mine to ensure solid foundations for the expansion of the company  Sustainable exploitation of natural resources  Development or acquisition of new deposits to increase mineral resources

  8. Slide 8: Highlights 2019

    Highlights 2019  Production started in March 2019  Net sales 197 MSEK (0)  1 million ounces silver, corresponding 31 tonnes  EBITDA 8 MSEK (-32)  2 700 ounces gold  EBIT -76 MSEK (-54)  932 tonnes lead  Earnings per share -0,75 SEK (-0,49)  1 900 tonnes zinc  Investments 185 MSEK (299)  P

  9. Slide 9: Plans for 2020

    Plans for 2020  Investments for increased production  480 000 – 540 000 tonnes of ore processed  1,4 - 1,7 M oz silver production  New sorting technique  New expanded environmental permit  Continued focus on HSE  Future exploration to secure greater ore reserves and mineral resources

  10. Slide 10: Rights issue

    Rights issue BACKGROUND: DETAILS:  Prolong life span of the mine from 6  Rights issue of 60 MSEK years to 10-15 years  Core drilling and investments 40 MSEK  Working capital reserves 20 MSEK  Investments in core drilling and development programme to the depth  Publication of terms and conditio

  11. Slide 11: Covid impact and measures

    Covid impact and measures EFFECTS MEASURES Silver price fr 17USD/oz to 14 USD/oz could Renegotiated Bond terms and other lead to lower revenue if prolonged payment terms No personell effected yet As much admin work from home as possible, restictions of shared locker rooms Compared to other silver mi

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