Sotkamo Silver consists of the parent company, Sotkamo Silver AB, with one wholly owned subsidiary in Finland: Sotkamo Silver Oy. Sotkamo Silver develops silver, gold and zinc deposits in the Nordic region. The Company has completed the Definitive Feasibility Study for Silver Mine project and is working on project financing issues. The Silver Mine has verified current ore reserves for 7 years of mining. All mine ore reserves and resources have been classified according to JORC. The planned production during 6 first production years is about 10 million Oz silver in the concentrates.
There is significant growth potential in near-by areas of the mine. The geophysical surveys suggest the substantial extension to the potential mine life and the resource mineralization. The volume of the additional Exploration Potential is more than 20 Mt mineral resources.
In addition, there are two gold deposits, Harnäs which is a former small scale gold mining site in Sweden, and Hopevuori gold occurrence in Finland. There are no resource estimates available for these deposits.
Sotkamo Silver’s headquarter is located in Stockholm, Sweden. A local office in Oulu and a field office in Sotkamo, Finland.