Briefing
Part of the costs relate to drift development and stope preparation carried out to support future ore mining - CAPEX increased to 22 MSEK (16) to accelerate the underground mine development - The production amounted to 217,722 ounces of silver (186,877), 996 ounces of gold (417), 172 tonnes of lead (144), and 345 tonnes of zinc (370) in concentrates - Cash and cash equivalents rose from Q1 2026 by 66 MSEK and increas Key points: Part of the costs relate to drift development and stope preparation carried out to support future ore mining - CAPEX increased to 22 MSEK (16) to accelerate the underground mine development - The production amounted to 2; In May, we issued a positive profit warning and raised our 2026 EBITDA guidance; During the second quarter, the silver grade remained relatively low because significant volumes of lower-grade ore from the open pit were fed into the concentrator; Net sales were at a record high - EBITDA rose to 86 MSEK (1) and EBITDA margin strengthened to 43% (2) - EBIT increased to 73 MSEK (-16) - Profitability improved from the comparison period mainly due to increased silver; The growth achieved in mining volumes and a slight rise in unit costs increased the underground mining cost from the comparison period and quarter-on-quarter; In line with our targets, we have successfully increased mining volumes and, consequently, silver production, compared with both in the first quarter of the year and the previous year. This brief is based on the cited source artifact and is intended as a research entry point, not a replacement for the original source or EGM canonical data tables.
Source Notes
Part of the costs relate to drift development and stope preparation carried out to support future ore mining - CAPEX increased to...
Extractive summary evidence · source
In May, we issued a positive profit warning and raised our 2026 EBITDA guidance.
Extractive summary evidence 2 · source
During the second quarter, the silver grade remained relatively low because significant volumes of lower-grade ore from the open pit were fed...
Extractive summary evidence 3 · source
Net sales were at a record high - EBITDA rose to 86 MSEK (1) and EBITDA margin strengthened to 43% (2) -...
Extractive summary evidence 4 · source
Extracted Document Text
This is a readable excerpt of the EGM normalized Markdown text. It helps search engines and researchers understand PDF, filing, or company-document content while the original source remains authoritative.
# Front Page Source: https://www.silver.fi/en/component/newsfeed/newsfeed?postid=5a5f1f8f-c13e-4311-809a-ebfafcf3d370 Fetched: 2026-09-12T08:00:16.752+00:00 Source artifact: f6dcea9d-3160-4cc6-87bc-a81eb7084c5d Normalizer input: text ## Content # Front Page Source: https://www.silver.fi/en/component/newsfeed/newsfeed?postid=5a5f1f8f-c13e-4311-809a-ebfafcf3d370 [Open Menu](https://www.silver.fi/en/component/newsfeed/newsfeed?postid=5a5f1f8f-c13e-4311-809a-ebfafcf3d370#tm-dialog-mobile) [](https://www.silver.fi/en/) - [](https://www.silver.fi/fi/) - [](https://www.silver.fi/sv/) - [](https://www.silver.fi/en/component/newsfeed/newsfeed?postid=5a5f1f8f-c13e-4311-809a-ebfafcf3d370) - [Front Page](https://www.silver.fi/en/) - [Mining company](https://www.silver.fi/en/mining-company/sotkamo-silver-in-brief) - [Sotkamo Silver in Brief](https://www.silver.fi/en/mining-company/sotkamo-silver-in-brief) - [Silver Mine](https://www.silver.fi/en/mining-company/silver-mine) - [Silver Mine History](https://www.silver.fi/en/mining-company/silver-mine/silver-mine-history) - 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[Key Figures](https://www.silver.fi/en/investors/share-information/key-figures) - [Governance](https://www.silver.fi/en/investors/governance) - [Annual General Meetings](https://www.silver.fi/en/investors/governance/annual-general-meetings) - [Board of Directors](https://www.silver.fi/en/investors/governance/board-of-directors) - [Management](https://www.silver.fi/en/investors/governance/management) - [Corporate Governance](https://www.silver.fi/en/investors/governance/corporate-governance) - [Articles of Association](https://www.silver.fi/en/investors/governance/articles-of-association) - [Insider Register](https://www.silver.fi/en/investors/governance/insider-register) - [Whistleblowing channel](https://www.silver.fi/en/investors/governance/whistleblowing-channel) - [Communications Policy](https://www.silver.fi/en/investors/governance/communications-policy) - [Financial reports and materials](https://www.silver.fi/en/investors/reports-and-materials) - [Financial Calendar](https://www.silver.fi/en/investors/financial-calendar) - [Releases](https://www.silver.fi/en/investors/releases/newsfeeds) - [Subscribe](https://www.silver.fi/en/investors/releases/subscribe) - [Topical](https://www.silver.fi/en/investors/topical) - [IR Contact](https://www.silver.fi/en/investors/ir-contact) - [Rights issue 2023](https://www.silver.fi/en/investors/rights-issue-2023) - [Media](https://www.silver.fi/en/investors/ir-contact) ### Sotkamo Silver’s Q2/2026 Interim Report: Record net sales and strong cash flow Sotkamo Silver AB \| Stock Exchange Release \| July 31, 2026 at 09:00:00 EEST **Sotkamo Silver’s Q2/2026 Interim Report: Record net sales and strong cash flow** HIGHLIGHTS **April – June** - Net sales increased by 151% to 198 MSEK (79 MSEK\*) driven by higher silver, gold and lead production and higher silver and gold prices. Net sales were at a record high - EBITDA rose to 86 MSEK (1) and EBITDA margin strengthened to 43% (2) - EBIT increased to 73 MSEK (-16) - Profitability improved from the comparison period mainly due to increased silver and gold production and positive price development of silver and gold. The growth achieved in mining volumes and a slight rise in unit costs increased the underground mining cost from the comparison period and quarter-on-quarter. Part of the costs relate to drift development and stope preparation carried out to support future ore mining - CAPEX increased to 22 MSEK (16) to accelerate the underground mine development - The production amounted to 217,722 ounces of silver (186,877), 996 ounces of gold (417), 172 tonnes of lead (144), and 345 tonnes of zinc (370) in concentrates - Cash and cash equivalents rose from Q1 2026 by 66 MSEK and increased to 141 MSEK (1) - Due to conversions of convertible loans, the total principal of convertibles decreased by 0.3 MEUR (3 MSEK). The total principal of the convertibles was 1.1 MEUR (12 MSEK) at the end of the quarter **January – June** - Net sales increased by 160% to 384 MSEK (148 MSEK) driven mainly by higher silver and gold production and higher silver and gold prices - EBITDA rose to 185 MSEK (-6), EBITDA margin strengthened to 48% (-4) - EBIT increased to 162 MSEK (-40) - The new mining contractor commenced operations at the beginning of January, and full operational capability and performance is in place - Cash and cash equivalents rose from year-end by 127 MSEK and increased to 141 MSEK (1) - CAPEX increased to 37 MSEK (28) - The production amounted to 418,687 ounces of silver (355,102), 1,779 ounces of gold (782), 316 tonnes of lead (280), and 652 tonnes of zinc (680) in concentrates - Due to conversions of convertible loans, the total principal of convertibles decreased by 2.1 MEUR (22 MSEK _\*Comparative figures refer to the corresponding period of the previous year._ _In case of discr [Excerpt trimmed for readability. 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