Brief: Gigante Salmon Expects To Harvest About 550 Tonnes Hog In Q2

Gigante Salmon AS

21/01/2025 06:02

Jan 21 (Reuters) - Gigante Salmon AS  GIGA.OL :
    * PUBLICATION OF Q4 REPORT - ON TRACK TO FIRST HARVEST IN Q2 2025
    * EXPECTS TO HARVEST APPROXIMATELY 550 TONNES HOG IN Q2 2025
    * AVERAGE WEIGHT OF FIRST RELEASE OF SMOLT IS 2,700 GRAMS, ON TRACK TO BEGIN HARVESTING IN
Q2 2025
AS SCHEDULED
    * COMPANY IS ON TRACK TO FULL PRODUCTION RUN-RATE FROM 2026, WITH A GRADUAL RAMP UP OF
HARVESTING
TOWARDS CAPACITY OF 16,000 TONNES HOG ANNUALLY FROM 2028
    * COSTS FOR PROJECT TO INCREASE SOMEWHAT FROM ESTIMATE IN Q3 REPORTING
    * QUARTER WAS MARKED BY SIGNIFICANT PROGRESS ON CONSTRUCTION OF TWO REMAINING BASINS, WHILST
PRODUCTION FROM FIRST BASIN DEVELOPED WITH GOOD SALMON GROWTH

Source text:  ID:nObi0s27Za 
Further company coverage:  GIGA.OL 

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