Collateral reorganization of senior secured bond
Taaleri Kapitaali acted as financial advisor to Sotkamo Silver Oy in the collateral reorganization of EUR 13.2m senior secured fixed rate notes.
Sotkamo Silver Oy started mining operations at its silver mine in Sotkamo, Finland in March 2019. In 2019, the company milled 343 000 tonnes of ore with an average silver head grade of 107 grams/tonne and generated net sales of appr. EUR 19 million. In addition to silver, the mine produces also lead, zinc and gold.
Sotkamo Silver Oy’s parent company Sotkamo Silver AB (quoted on Stockholm NGM Equity: SOSI; and Nasdaq Helsinki: SOSI1) owns also exploration rights in Finland, Sweden and Norway.