Finland's Sotkamo Silver Q2 net sales jump to record on price gains

Sotkamo Silver AB

31/07/2026 07:14

Overview
Finland mining firm's Q2 net sales rose 151% yr/yr to record high
Q2 EBITDA and EBIT rose sharply from prior year on higher production and prices
Cash and cash equivalents rose significantly from Q1, supporting accelerated mine investment

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

Result Drivers
HIGHER PRODUCTION - Increased output of silver, gold, and lead drove Q2 net sales, per company
PRICE GAINS - Higher silver and gold prices contributed to improved profitability, per company
MINING VOLUMES - Growth in mining volumes supported increased production, per CEO Mikko Jalasto

Company press release: ID:nMFN85WLmV

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
SEK 198 mln
 
Q2 EBIT
 
SEK 73 mln
 
Q2 EBITDA
 
SEK 86 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 SEK3.70, about 6.8% below its July 30 closing price of SEK3.97
The stock recently traded at 4 times the next 12-month earnings vs. a P/E of 3 three months ago

Reuters Recommended Reads
July 30 - Canada's DPM Metals Q2 revenue beats on higher metal prices
July 30 - UK's Endeavour Mining H1 free cash flow jumps 48% to record high
July 29 - Canada's Agnico Eagle Q2 net income rises on higher gold prices

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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.)