Finland's Sotkamo Silver Q1 net sales jump 170% on higher silver, gold output

Sotkamo Silver AB

29/04/2026 07:11

Overview

Finland mining firm's Q1 net sales rose 170% yr/yr to record high on higher silver, gold output

Q1 EBITDA and EBIT turned positive, reflecting improved profitability from higher metal prices

Company maintained 2026 guidance; higher mining, electricity taxes expected to reduce result by EUR 2 mln

Outlook

Sotkamo Silver expects 2026 silver production of 0.9–1.2 mln ounces

Company sees 2026 annual EBITDA above 25 MEUR

Company expects net debt-to-EBITDA below 1.0 at year-end

Result Drivers

HIGHER METAL PRICES - Co said increased silver and gold prices, especially silver, were a key driver of record sales and profitability

NEW MINING CONTRACTOR - Ramp-up of mining activities after new contractor started in January supported higher output

Company press release: ID:nMFN1n8b52

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
SEK 186 mln
Q1 EBIT
SEK 89 mln
Q1 EBITDA
SEK 99 mln


Analyst Coverage

The one available analyst rating on the shares is "strong 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 SEK3.10, about 17.8% below its April 28 closing price of SEK3.77

The stock recently traded at 3 times the next 12-month earnings vs. a P/E of 4 three months ago

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(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.)