Sotkamo Silver AB
Sotkamo Silver is a mining and exploration company focused on developing and utilizing mineral deposits in the Kainuu region of Finland. The company supports global green transition technologies by responsibly producing necessary metals while considering local stakeholder needs. Its primary project is the Sotkamo silver mine, which also produces gold, zinc, and lead. Sotkamo Silver operates through its parent company, Sotkamo Silver AB, and its wholly-owned Finnish subsidiary, Sotkamo Silver Oy. The company's shares are listed on the Stockholm NGM Main Regulated list and Nasdaq Helsinki.
Fiscal year 2025 · change from previous year
Development 2021–2025
Business
Share of revenueIncludes mining and production of silver from the Sotkamo mine.
Involves mining and production of gold as a by-product.
Covers mining and production of zinc concentrates.
Includes mining and production of lead concentrates.
Encompasses mineral exploration and rights management in Kainuu.
Customers
Sotkamo Silver's customers primarily include smelters and metal refiners who purchase metal concentrates. These customers are interested in the reliable supply of high-quality silver, gold, zinc, and lead concentrates for further processing and manufacturing. The company focuses on building long-term relationships with these industrial buyers by ensuring consistent product quality and delivery. Additionally, Sotkamo Silver's commitment to responsible mining practices appeals to customers who prioritize sustainability in their supply chains.
Purchase silver, gold, zinc, and lead concentrates for refining.
Refine metal concentrates into finished products.
Value responsibly sourced metals for green technologies.
Strategy
Sotkamo Silver's strategic priorities include enhancing the reliability of silver production and ensuring sufficient mining capacity to support future growth. The company is committed to responsible resource management and environmental stewardship, focusing on reducing nutrient loads in local water bodies and integrating circular economy principles in waste management. Sotkamo Silver also aims to secure financing for expansion projects and refinancing upcoming debt maturities. These strategic initiatives are designed to strengthen the company's competitive position and ensure long-term sustainability.
To support future growth and operational stability.
To maintain sustainability and stakeholder trust.
To fund expansion projects and refinance debt.
Geography
Sotkamo Silver operates primarily in the Kainuu region of Finland, where its main silver mine is located. The company is headquartered in Stockholm, Sweden, with its shares listed on the Stockholm NGM and Nasdaq Helsinki exchanges. The geographic focus on Finland allows Sotkamo Silver to leverage local expertise and resources while maintaining strong relationships with regional stakeholders. The company's operations are strategically positioned to support the European market's demand for sustainably sourced metals.
Risks
Sotkamo Silver faces several key risks, including fluctuations in metal prices and currency exchange rates, which can significantly impact financial performance. The company is also exposed to operational risks related to mineral reserve estimates and extraction processes. Geopolitical risks, particularly in regions where the company sources materials, can affect supply chains and costs. Additionally, environmental and safety regulations pose compliance challenges. Sotkamo Silver actively manages these risks through strategic planning and risk mitigation measures.
- Metal Price VolatilityImpact: CriticalLikelihood: Medium
Affects revenue and profitability due to market fluctuations.
- Currency Exchange Rate FluctuationsImpact: HighLikelihood: High
Impacts financial results due to USD pricing.
- Environmental ComplianceImpact: HighLikelihood: Medium
Strict regulations require adherence to avoid penalties.
- Geopolitical InstabilityImpact: MediumLikelihood: Medium
Can disrupt supply chains and increase costs.
Accounting
Judgemental itemsSubject to market pricing adjustments post-sale.
Impact: Significant on revenue reporting
SEK reporting currency with EUR-based operations.
Impact: Affects financial results
Significant long-term liability for site closure.
Impact: Affects balance sheet
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Last updated: 24/09/2026