SUMMARY OF YEAR END REPORT 2013 (For full report in

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Feb 14, 2014 at 3:00 AM

SUMMARY OF YEAR END REPORT 2013

(For full report in swedish, see attached file) FISCAL YEAR • Net profit was -5,991 KSEK (-5,888) and earnings per share to SEK -0.42 (-0.48). • Group sale was 1,457 KSEK (909). • Cash and cash equivalents was 11,095 KSEK (41 178) at December 31st 2013. • Equity was 107 976 KSEK (113 584) at September 30th 2013, corresponding 7.61 SEK (8.03) per share. • Investments were during the period 26,713 KSEK (18,773). • Sotkamo Silver engaged KPMG Corporate Finance to assist in development and financing of its flagship, the Silver Mine Project. • The Company published a report on exploration-prospects along the Silver Mine, and in the Tampere Gold District. • Sotkamo Silver received environmental permit for the Silver Mine. • Sotkamo Silver concluded an agreement with ABB about electrification and a first financing package. • Sotkamo Silver undertook an independent consultant-report concerning Environmental, Health and Safety and Limited Social Review. • Increased exploration potential at the Silver Mine deposit down to the depth of 2 000 meters. FOURTH QUARTER (3 months, October-December) • Net profit was -315 KSEK (-425) and earnings per share -0.02 SEK (-0.03). • Group sale was 625 KSEK (363). • Investments during the period October – December was 6,181 KSEK (3,762). • The Company has received investment grants of 657 K€, corresponding 5,702 KSEK, from the Centre for Economic Development, Transport and the Environment of Kainuu Region. • Excellent results received from a infill drilling-program • Sotkamo Silver acquired mining-rights in Mo i Rana, Norway. The acquisition was financed through the debt claim the company had on the seller, Gexco A / S. SUMMARY OF SIGNIFICANT EVENTS AFTER THE BALANCE • Measured and indicated mineral-resources increased significantly from 3.5 million tons to 6 million tons resources at the Silver Mine. • Change in number of shares and votes in Sotkamo Silver AB The comparative numbers relates to corresponding period previous year for income statement and cash flow items at December 31st 2012 for Balance Sheet items. All information regarding amounts has been restated retroactive, also after the reversed split of 1:25 during 2012. 2014 Reporting Dates • Annual General Meeting - March 21st, 2014, Stockholm • Interim report Q1 2014 - May 23st, 2014 • Interim report Q2 2014 - August 22nd, 2014 • Interim report Q3 2014 - November 18th, 2014 The number of shares and votes in Sotkamo Silver AB has increased with 6,778 shares after subscription of shares through Warrants 3. The shares represent approximately 0.048 % of total number of shares in the Company. The subscription period ended on 30th November 2013. The Company has no outstanding warrants. The number of shares and votes in Sotkamo Silver AB is 14,159,634 shares and the share capital is SEK 141,596,341.47. Quota value is SEK 10. Company's press releases and financial reports are distributed via NGM and are available on www.silver.fi Stockholm, February 14th 2014 Sotkamo Silver AB Timo Lindborg, CEO About Sotkamo Silver AB: Sotkamo Silver AB´s business concept is to exploit mineral deposits in the Nordic countries with regards to human society and environment. Sotkamo Silver owns, through its subsidiary mineral deposits, which contains silver and gold in Finland. The Company’s main development project is the Silver Mine project in the municipality of Sotkamo. Sotkamo Silver applies SveMin’s & FinnMin’s respective rules of reporting for public mining & exploration companies. Sotkamo Silver has chosen to report mineral resources and ore reserves according to the internationally accepted JORC or NI 43-101-code. The company applies International Financial Reporting Standards (IFRS) as approved by the European Union. The number of shares and votes in Sotkamo Silver AB is 14,159,634 shares and the share capital is SEK 141,596,341.47. Quota value is SEK 10 The ticker symbol is SOSI in NGM and SOSI1 in NASDAQ OMX Helsinki. ISIN-code for Sotkamo Silver shares is SE0001057910 and for warrants SE0004635290. Read more about Sotkamo Silver on www.sotkamosilver.com or www.silver.fi For further information: Timo Lindborg, CEO, tel. +358 40 508 3 507 The official Stock Exchange Release is given in Swedish and there may be slight differences in the translated versions.

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Mausam Bhatt Joins Cars.com as Chief Product Officer

Shifting Gears with a New Leader Sometimes the name alone isn't enough to get things rolling, but when someone who's built billion-dollar platforms from scratch joins your team, the engine's ready to roar. That's the motor firing up at Cars.com with Mausam Bhatt behind the wheel as their fresh Chief Product Officer. If you think a new set of eyes can only see what's...

Jay Group Expands to Houston with New Fulfillment Hub

Jay Group's Bold Move in the Logistics Arena In a no-holds-barred expansion, Jay Group's got themselves a brand new sprawling 250,000-square-foot fulfillment hub deep in the heart of Houston. Now, folks, this isn’t just another warehouse. We're talking a 3PL powerhouse that allows coast-to-coast delivery, hitting 90% of U.S. consumers in just a couple of days. If you're...

Bulletproof Gets Nod for AI Expertise, Eyes Future Growth

Bulletproof's Recognition: A Sign of AI Prowess Let's dive right into today's news: Bulletproof just snagged a spot on the 2026 CRN AI Innovators list. Now, this is big leagues stuff, especially since this list highlights the top dogs in the AI space across North America. We're talking about managed service providers, value-added resellers, and all those tech wizards who...

Arctic Wolf Leads in AI SOC: A 2026 Game Changer

Leading the Pack with AI-Powered Security In the world of cybersecurity, where every day feels like a battlefield, Arctic Wolf has clawed its way to the top spot in the Q4 2026 QKS SPARK Matrix™ for AI SOC Automation. This recognition doesn't just highlight their prowess in handling security operations; it underscores their relentless commitment to infusing AI...

Static Media Acquires CarScoops to Boost Auto Reach

Static Media's Latest Move in the Automotive Arena The digital media landscape keeps morphing, and Static Media just decided to crank up the gears a notch by snapping up CarScoops.com. For those with an eye on the automotive field, it's the kind of play that could shift the tides. Static Media, already a heavyweight with brands like Jalopnik and SlashGear under its belt,...

EDB Enhances Postgres with Horizontal Scaling Preview

EDB's Ambitious Move Into Seamless Data Growth Right out of Wilmington, Delaware, EnterpriseDB (EDB) is sowing the seeds for a seismic change in how enterprises juggle their data systems. With 86% of the top brass anticipating AI data systems becoming top-tier indispensable, the unveiling of EDB’s horizontal scaling for their Postgres AI Distributed is a tune you just...

A. O. Smith Reports Q3 2026: A Strategic Shift

A. O. Smith Navigates Change in Third Quarter 2026 It's been a gritty third quarter for A. O. Smith, as the company maneuvers through domestic challenges and crafts a strategic future with international tweaks. They've hammered out $941 million in sales but found themselves grappling with net earnings dipping to $126 million, or $0.93 per diluted share, a mere blip from...

Motiva's Q3 2026 Results: Strategic Moves Drive Growth

Strategic Transactions and Financial Highlights Motiva's third quarter of 2026 shows a company not just coasting but recalibrating its trajectory. Big moves had ripple effects on their financial landscape, most notably their sale of the Airport Platform, concluded for a hefty R$5.2 billion. Their portfolio's trimming isn't just a garage sale but a thought-out step...

Pozdeutinurad Phase 3 Success Impact on Sobi and Market

Pozdeutinurad's Phase 3 Triumph Ah, the life of biotech—constant ups and downs, but when you hit a homerun, it feels like the market stands still for a second. Pozdeutinurad's recent Phase 3 REDUCE-2 study results are one of those moments for Swedish Orphan Biovitrum AB, or Sobi for short. This study showed some seriously compelling data: clinically meaningful and...

Pelvic Health Initiative Aids Women in Need

Stepping Up For Better Health You don't see this kind of news getting plastered across the financial pages much—the human side of health. EliHealth Initiative's making strides in a realm many don’t even want to openly discuss: bladder leaks in women. Sounds unglamorous, maybe, but for millions, it's a daily ordeal. Slapping on pads and plotting bathroom routes? That's...