# Sotkamo Silver AB > Clarifo company profile — qualitative business description generated from > the company's filings. Financial statements, charts and ratios are > available on Clarifo (https://www.clarifo.com/en/companies/sotkamosilver). ## Overview 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. ## Products & services • Silver mining and production • Gold mining and production • Zinc mining and production • Lead mining and production • Mineral exploration rights in Kainuu • Concentrate sales to smelters - **Silver Production** (40%) — Includes mining and production of silver from the Sotkamo mine. - **Gold Production** (20%) — Involves mining and production of gold as a by-product. - **Zinc Production** (20%) — Covers mining and production of zinc concentrates. - **Lead Production** (15%) — Includes mining and production of lead concentrates. - **Exploration and Rights** (5%) — Encompasses mineral exploration and rights management in Kainuu. - Silver mining and production - Gold mining and production - Zinc mining and production - Lead mining and production - Mineral exploration rights in Kainuu - Concentrate sales to smelters ## 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. - **Smelters** (primary) — Purchase silver, gold, zinc, and lead concentrates for refining. - **Metal Refiners** (secondary) — Refine metal concentrates into finished products. - **Sustainability-focused Buyers** (emerging) — Value responsibly sourced metals for green technologies. - Smelters and metal refiners purchase metal concentrates. - Customers seek reliable supply of high-quality silver, gold, zinc, and lead. - Long-term relationships are built on consistent product quality and delivery. - Sustainability-focused customers value responsible mining practices. ## 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. - Main operations are in the Kainuu region of Finland. - Headquartered in Stockholm, Sweden. - Shares listed on Stockholm NGM and Nasdaq Helsinki. - Focus on Finland leverages local expertise and resources. - Strategically positioned to support European market demand. ## 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. - **Enhance Silver Production Reliability** (medium-term) — To support future growth and operational stability. - **Environmental Stewardship** (long-term) — To maintain sustainability and stakeholder trust. - **Secure Financing** (short-term) — To fund expansion projects and refinance debt. - Enhance reliability of silver production with sufficient mining capacity. - Commit to responsible resource management and environmental stewardship. - Focus on reducing nutrient loads in local water bodies. - Integrate circular economy principles in waste management. - Secure financing for expansion projects and debt refinancing. ## 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 Volatility** [critical] — Affects revenue and profitability due to market fluctuations. - **Currency Exchange Rate Fluctuations** [high] — Impacts financial results due to USD pricing. - **Geopolitical Instability** [medium] — Can disrupt supply chains and increase costs. - **Environmental Compliance** [high] — Strict regulations require adherence to avoid penalties. - Fluctuations in metal prices and currency exchange rates impact financial performance. - Operational risks related to mineral reserve estimates and extraction processes. - Geopolitical risks affect supply chains and costs. - Environmental and safety regulations pose compliance challenges. - Active risk management through strategic planning and mitigation measures. ## Accounting Sotkamo Silver's financial reporting is influenced by several critical accounting matters, including revenue recognition from metal concentrate sales, which are subject to market pricing adjustments. The company must manage currency translation risks due to its SEK reporting currency and EUR-based operations. Additionally, provisions for mine site rehabilitation are significant, impacting long-term liabilities. Sotkamo Silver's financial statements are prepared in accordance with IFRS, requiring careful consideration of fair value measurements and impairment testing. - **Revenue Recognition** — Significant on revenue reporting - **Currency Translation** — Affects financial results - **Mine Site Rehabilitation Provisions** — Affects balance sheet - Revenue recognition from metal sales subject to market pricing adjustments. - Currency translation risks due to SEK reporting and EUR operations. - Provisions for mine site rehabilitation impact long-term liabilities. - IFRS compliance requires fair value measurements and impairment testing. --- *Last updated: 2026-08-11T04:04:55.888796+00:00*