Brief: Sotkamo Silver: Updated feasibility study completed for Silver Mine-project

Sotkamo Silver AB

22/03/2016 08:15

March 22 (Reuters) - Sotkamo Silver AB  SOSIL.NGM : 
    * Announces updated feasibility study completed for the Silver Mine-project in Sotkamo, 
Finland 
    * Study shows good profitability, even at silver-prices under current levels 
    * Production is expected to start late 2017 or early 2018 
    * According to cash flow forecast, which is based on an average silver-price of 14.9 - 20 
$/Oz 
between the years 2016-2022, the Mine's project IRR is estimated to 36 pct and NPV to 50 million 
euros (@ 5 pct) 
    * Pay-Back period from production-start is estimated to be less than three years 
 
 
Source text for Eikon:  ID:nNGn6GNQgn  
Further company coverage:  SOSIL.NGM  
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))