Sotkamo Silver AB

Financial Performance

• Net sales increased by 170% to 186 MSEK (69 MSEK), driven by higher silver and gold production and higher metal prices.
• EBITDA rose to 99 MSEK (-8 MSEK), with the EBITDA margin strengthening to 53% (-11%).
• EBIT increased to 89 MSEK (-24 MSEK).
• Cash and cash equivalents increased by 61 MSEK during the quarter to 74 MSEK (1 MSEK).
• The Group's…

• **Production:** 803,077 ounces of silver (1,166,065), 1,829 ounces of gold (2,595), 602 tonnes of lead (729), and 1,472 tonnes of zinc (1,642) in concentrates.
• **Financials:** Net sales decreased by 5 percent. EBITDA weakened to SEK 80 million (109) and EBITDA margin to 20% (26).
• **Operational:** Average silver head grade was 71 (89) g/t.