Sotkamo Silver AB

Q2/2021 Release Info

CEO Erkki Kuronen CFO Mikko Sopanen 15.7.2021

2

Agenda of today

  • Q2/2021 and Operational Update - CEO Erkki Kuronen
  • Financial Result of Q2/2021 - CFO Mikko Sopanen
  • Questions and Answers

3

Second best Quarter of the Company

Revenue and EBITDA

140

120

100

80

MSEK

60

40

20

0

Q2/2019

Q3/2019

Q4/2019

Q1/2020

Q2/2020

Q3/2020

Q4/2020

Q1/2021

-20

-40

REVENUE

EBITDA

Q2/2021

HIGHLIGHTS OF THE SECOND QUARTER 2021

  • Net sales 109 MSEK (previous year 67 MSEK)
  • EBITDA 36 MSEK (0)
  • EBIT 16 MSEK (-22)
  • Cash and cash equivalents 52 MSEK (14)
  • Earnings per share 0.05 SEK (-0.32)
  • The production in concentrates
    • 382 000 (406 000) ounces silver,
    • 988 (1 067) ounces gold,
    • 396 (321) tonnes lead, and
    • 919 (722) tonnes zinc
  • A total of 10 314 104 new shares were subscribed by the warrants of series 2020/2021 in May 2021 adding 19 MSEK new equity

4

Ore production and Silver grade

tons

Milled ore (t)

  1. 000
  1. 000
  1. 000
  1. 000
  1. 000
  1. 000
    0

Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021

Head grade Silver (g/ton)

g/ton

120

100

80

60

40

20

0

Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021

5

Metal production

Produced Silver (koz)

500

400

300 koz 200

100

0

2019 Q3

2019 Q4

2020 Q1

2020 Q2

2020 Q3

2020 Q4

2021 Q1

2021 Q2

Produced Gold (oz)

1 200

1 000

koz

800

600

400

200

0

2019 Q3

2019 Q4

2020 Q1

2020 Q2

2020 Q3

2020 Q4

2021 Q1

2021 Q2

Produced Lead (tons)

500

400

300 tons 200

100

0

2019 Q3

2019 Q4

2020 Q1

2020 Q2

2020 Q3

2020 Q4

2021 Q1

2021 Q2

Produced Zinc (tons)

1 200

1 000

800

600

400

tons

200

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

0

2019

2019

2020

2020

2020

2020

2021

2021

6

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Disclaimer

Sotkamo Silver AB published this content on 15 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 July 2021 09:20:07 UTC.