Brief: Sotkamo Silver Q2 EBITDA At 0 MSEK

Sotkamo Silver AB

05/08/2020 07:49

Aug 5 (Reuters) - Sotkamo Silver AB  SOSIL.NGM :
    * Q2 EBITDA WAS 0 MSEK (-20)
    * Q2 SALE SEK 67 MILLION  VERSUS SEK 30 MILLION YEAR AGO
    * FALL OF METAL PRICES IN MARCH AND ENSUING DOWNTURN IMPACTED TO OUR INVOICING RATES DURING
Q2 and
FINAL INVOICING PRICES OF EARLIER CONCENTRATE DELIVERIES
    * ANNUAL PRODUCTION GUIDANCE OF 13 MARCH 2020 REMAINS UNCHANGED
    * Q2  PRODUCTION WAS ABOUT 406 000 (220 000) OUNCES SILVER, 1 076 (600) OUNCES GOLD, 321
(150)
TONNES LEAD, AND 722 (290) TONNES ZINC IN CONCENTRATES
    * LOOKING FORWARD TO Q3, SILVER AND GOLD PRICES HAVE CONTINUED TO IMPROVE, AND ACTUALLY
SILVER
PRICE HAS DOUBLED SINCE ITS LOWEST IN MARCH.
    * LOOKING FORWARD TO Q3, SILVER AND GOLD PRICES HAVE CONTINUED TO IMPROVE,
    * SILVER PRICE HAS DOUBLED SINCE ITS LOWEST IN MARCH

Source text for Eikon:  ID:nWkr3hP9Xg 
Further company coverage:  SOSIL.NGM 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))