Sotkamo Silver AB SOSI

NGM | Producer | Silver

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Full analysis: 31 Jul 2026 Latest news check: 23 Jul 2026

General analysis — not personal advice.

HOLD 6/10
Confidence
Existing position can be maintained at current valuation while new positions require confirmation on ore grade.
Strong Q2 report and improved cash generation support the HOLD signal despite ongoing price dependence.
Market sentiment 8/10
Trend: Improving
The market reacts positively to the strong Q2 report and confirmed profitability. Focus remains on continued operational stability and silver price development.
Price context
The share has risen sharply over twelve months due to higher silver prices and improved operations, yet remains well below its peak reflecting some caution on sustainability.
Risk assessment 5/10
Dilution: Low Strong cash and positive cash flow reduce funding needs
Jurisdiction: Low Operations in Finland with stable EU regulation
Execution: Medium New contractor has stabilized operations but history of variability
Recent changes
  • Results confirm continued profitability and cash growth under high silver prices.

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About the company
Sotkamo Silver AB is a mining company operating the Silver Mine in Sotkamo, Finland. The company produces silver, gold, lead and zinc concentrates. Operations are in a profitable growth phase driven by high metal prices and improved production.
Sector: Silver
Type: Producer
Next report
23 Oct 2026
Q3
Catalysts
Oct 2026
Tailings dam permit High
Dec 2026
H2 production update Medium
Horizon:
Bull case
Strong Q2 report with record revenue and growing cash position confirms the positive trend from Q1 continues under high silver prices.
Bear case
The company remains sensitive to falling silver prices and potential production disruptions or lower ore grades.
Sensitivity analysis
Factor If it weakens If it strengthens
Silver price Silver price −15 % → cash flow level supporting positive results disappears and financing needs may return. Silver price +15 % → higher margins and faster debt reduction enable dividend potential.
Ore grade Ore grade below 70 g/t → lower revenue per tonne and weaker EBITDA margins. Ore grade reaches 80–90 g/t → improved profitability and stronger cash flow.
Tailings dam permit Delayed permit → limited ability to expand production long term. Approved permit → extended mine life and higher resource utilization.

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Signal rationale (informational)
Strong Q2 report and improved cash generation support the HOLD signal despite ongoing price dependence.
Recent news
  • The Q2 report was released on 31 July 2026 showing record revenue of 198 MSEK and strong cash flow. Cash increased to 141 MSEK during the quarter.

Key figures

Revenue
Q2 2026
SEK 198M
Revenue TTM
TTM
SEK 629M
EBITDA
Q2 2026
SEK 86.0M
Net income
Year 2025
SEK -53.0M
Cash
Q2 2026
SEK 141M
Total debt
senaste balans
SEK 207M
Shares outstanding
Q2 2026
338M
EPS
Year 2025
SEK -0.16

Price & valuation

Last close
SEK 4.63
2026-08-11
Market Cap
SEK 1.6B
2026-08-11
1 week
+8.1 %
3 months
-22.1 %
12 months
+414.5 %
From 52w high
-38.2 %
From 52w low
+431.0 %
Exchange
NGM
Type
Producer
Sector
Silver

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Sotkamo Silver AB SOSI
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Firelda provides general information and analysis, not personal investment advice. Content does not consider your financial situation or goals. Investments can rise and fall in value. Always do your own research.