Finland's Sotkamo Silver Q3 sales jump on higher metal output, prices

Sotkamo Silver AB

23/10/2026 07:14

Overview
Finland mining and ore exploration firm's Q3 net sales rose 55% yr/yr, driven by higher metal production and prices
EBITDA more than doubled yr/yr, with margin rising to 53%
Company announced further exploration west of current mine after quarter end

Outlook
Company expects 2026 silver production of 0.9-1.2 mln ounces
Annual EBITDA for 2026 expected to exceed EUR 33 mln
Net debt-to-EBITDA for 2026 expected below 0.1 at year-end

Result Drivers
HIGHER METAL OUTPUT AND PRICES - Co said increased gold, zinc and lead production and higher silver, gold and zinc prices drove revenue growth
GOLD PRODUCTION - Co attributed improved profitability mainly to increased gold production and positive price development
MINING VOLUMES - CEO said increased mining volumes contributed to higher silver production and supported growth

Company press release: ID:nMFN5CMJ6W

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
SEK 171 mln
 
Q3 EBIT
 
SEK 52 mln
 
Q3 EBITDA
 
SEK 91 mln
 

Analyst Coverage
The one available analyst rating on the shares is "sell"
The average consensus recommendation for the non-gold precious metals & minerals peer group is "buy."
Wall Street's median 12-month price target for Sotkamo Silver AB is SEK3.90, about 1.5% below its October 22 closing price of SEK3.96
The stock recently traded at 4 times the next 12-month earnings vs. a P/E of 4 three months ago

Reuters Recommended Reads
Oct 22 - Finland's Metso Q3 orders jump as mining demand lifts minerals segment
Oct 20 - Canada's Altius Minerals sees record Q3 royalty revenue
Oct 22 - India permits large silver imports despite weak domestic demand

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)