Sotkamo Silver
Sotkamo Silver operates Finland's only primary silver mine, producing silver, gold, zinc, and lead concentrates for direct sale under a long-term supply agreement with Boliden's Nordic smelters.
- Company typePublic
- Founded2006
- HeadquartersStockholm, Sweden
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Sotkamo Silver does
Sotkamo Silver is a Nordic mining and ore prospecting company that operates the only primary silver mine in Finland, located in the Kainuu region. The company's core asset, the Sotkamo Silver Mine (Hopeakaivos deposit), combines underground (longitudinal cut-and-fill) and open-pit extraction with a sequential flotation concentrator that produces three concentrates: a primary silver-gold-lead (Ag-Au-Pb) product, a secondary zinc-silver (Zn-Ag) product, and a stored pyrite-silver (FeS2-Ag) by-product. Ore is processed via two-stage crushing followed by two-stage grinding (rod and ball mills). Mineral resources and ore reserves are reported under the JORC code, and the resource base has been extended by more than 4 million tonnes to support operations until at least 2035.
The company is incorporated in Sweden as Sotkamo Silver Aktiebolag and operates the mine through its wholly-owned Finnish subsidiary, Sotkamo Silver Oy. It is publicly listed on NGM Main Regulated (Stockholm, SOSI), Nasdaq Helsinki (SOSI1), and Börse Berlin, with approximately 22,000 shareholders, around 85% based in Finland. Revenue is generated entirely through direct B2B sales of metal concentrates to a single off-taker, Boliden, under a long-term supply agreement that now extends to at least end-2030 and serves Boliden's smelters in Finland and Sweden. Beyond production, the company runs Project REX for regional exploration in the Tipasjärvi greenstone belt and Kiannanniemi area, and Project P700 for mine life extension through 2030 and toward 2035. Q1/2026 delivered record net sales of 186 MSEK (up 170% YoY) and EBITDA of 99 MSEK at a 53% margin, against FY2025 net sales of 393 MSEK and EBITDA of 80 MSEK.
Sotkamo Silver firmographics
Firmographics- Name
- Sotkamo Silver
- Legal name
- Sotkamo Silver Aktiebolag
- Website
- https://silver.fi
- Company type
- Public
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Sotkamo Silver operates Finland's only primary silver mine, producing silver, gold, zinc, and lead concentrates for direct sale under a long-term supply agreement with Boliden's Nordic smelters.
- Ownership category
- akta.pro rank
Sotkamo Silver industry classification
Industry- Product category
- Silver Mining
- NAICS
- Gold Ore and Silver Ore Mining (21222), Gold Ore and Silver Ore Mining (212220), Other Metal Ore Mining (21229)
- SIC
- Gold And Silver Ores (1040), Metal Mining (1000)
- akta.pro primary industry
- Silver Mining (IMAKAEAB)
- akta.pro secondary industry
- Precious Metals Ore Processing & Beneficiation (IMAKAEAD)
Keywords
Where Sotkamo Silver is headquartered
LocationHeadquarters
- HQ city
- Stockholm
- HQ country
- Sweden
- HQ region
- Europe
Offices2 records
Markets served
Sotkamo Silver business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Personnel, Supply Chain, Infrastructure, Others
Revenue model
- Metal Concentrate Sales: Production and sale of metal concentrates from the Sotkamo silver mine. The mine produces three types of concentrates: Silver-gold-lead concentrate sold in containers to smelters, Zinc-silver concentrate transported by covered trucks, and Pyrite-silver concentrate stored for potential future use. All concentrates are sold under supply agreements to Boliden's smelters in Finland and Sweden.
- Silver Production: Core revenue from silver production with by-products of gold, zinc, and lead. Q1/2026 production: 200,964 ounces of silver, 783 ounces of gold, 145 tonnes of lead, and 307 tonnes of zinc in concentrates. Net sales increased 170% to 186 MSEK driven by higher silver and gold production and higher metal prices.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels4 records
Sotkamo Silver product offering
Product offeringCore offering
Sotkamo Silver operates the Sotkamo silver mine in Finland, extracting and processing silver-bearing ore from underground and open-pit operations. The mine produces three concentrates: silver-gold-lead (Ag-Au-Pb), zinc-silver (Zn-Ag) and pyrite-silver (FeS2-Ag), which are sold under long-term supply agreements to Boliden's smelters in Finland and Sweden. Silver is the primary product, with gold, zinc and lead recovered as by-products.
Product overview
Sotkamo Silver operates as a mining and ore prospecting company with its core asset being the Sotkamo Silver Mine in Finland. The company produces three main concentrate products: Silver-Gold-Lead Concentrate (primary product), Zinc-Silver Concentrate, and Pyrite-Silver Concentrate. The mining operations consist of both underground and open-pit extraction, with ore processing through a flotation concentrator. Beyond current production, the company pursues exploration through Project REX for new mineral deposits and Project P700 for mine life extension to 2030, with further extension efforts targeting 2035.
Differentiator
Problem solved
Functional benefit
Products and services
- Sotkamo Silver Mine The company's primary asset is an underground and open-pit silver mine located in Sotkamo, Finland. Production commenced in 2019 and operates at a stable production level. The mine produces silver as the primary product, along with gold, zinc, and lead as by-products.
- Silver-Gold-Lead Concentrate (Ag-Au-Pb) Primary concentrate product containing silver, gold and lead. This is the main revenue-generating concentrate from the mine, transported to smelters in containers.
- Zinc-Silver Concentrate (Zn-Ag) Secondary concentrate containing zinc and silver. Transported to Boliden's smelters via covered trucks.
- Project REX - Ore Prospecting Program Local ore prospecting program aimed at developing an attractive mineral resource portfolio and discovering new exploitable ore deposits in the Kainuu region.
- Project P700 - Mine Life Extension Infill drilling and development program aimed at extending the mine's life until 2030, including drilling, incline tunnel mining and infrastructure construction, with continuation efforts targeting 2035.
Quantifiable outcome
- Silver production: 0.9-1.2 million ounces in 2026
- +4 more outcomes
Companies that use Sotkamo Silver
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles1 record
Sotkamo Silver technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Sotkamo Silver partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- BolidencoreLong-term concentrate supply agreement for delivery of silver-gold-lead and zinc-silver concentrates to Boliden's smelters in Finland and Sweden. Deliveries will continue at least until end of 2030. This is the primary revenue channel for Sotkamo Silver's metal production.
- Veljekset Toivanen OycoreMining and transport contractor operating at Sotkamo Silver mine under the direction of company's geologists and mining experts. New contractor commenced operations at beginning of January 2026. Contractor handles underground and open-pit mining operations.
- First WhistleminorExternal whistleblowing channel service provider implementing EU directive 2019/1937. Offers employees, customers and partners confidential channel to report suspected abuse or improper activity. Available in Finnish, English and Swedish.
Scale indicators8 records
Recent moves7 records
Expansion highlights4 records
Sotkamo Silver competitors and assessment
Company assessmentMarket position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Sotkamo Silver social profiles
Digital presenceSotkamo Silver compliance and trust
Trust signalCompliance6 records
Sotkamo Silver financial estimates
Financial estimateRevenue estimate
Valuation estimate
Sotkamo Silver leadership team
Management profileNumber of profiles
Profiles5 records
Sotkamo Silver subsidiaries and ownership
Company hierarchySubsidiaries1 record
Sotkamo Silver funding detail
Funding detailFunding overview
Funding rounds3 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Sotkamo Silver M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Sotkamo Silver
What does Sotkamo Silver do?
Sotkamo Silver operates the Sotkamo silver mine in Finland, extracting and processing silver-bearing ore from underground and open-pit operations. The mine produces three concentrates: silver-gold-lead (Ag-Au-Pb), zinc-silver (Zn-Ag) and pyrite-silver (FeS2-Ag), which are sold under long-term supply agreements to Boliden's smelters in Finland and Sweden. Silver is the primary product, with gold, zinc and lead recovered as by-products.
Is Sotkamo Silver a public or private company?
Sotkamo Silver is a public company. It is classified as public and is currently operating.
When was Sotkamo Silver founded?
Sotkamo Silver was founded in 2006. It employs 11 to 50 people.
Where is Sotkamo Silver based?
Sotkamo Silver is headquartered in Stockholm, Sweden, in the Europe region.
How does Sotkamo Silver make money?
Two revenue lines are on record. Metal Concentrate Sales are the primary driver. The others are silver Production.
Does Sotkamo Silver have an API?
No public API is recorded for Sotkamo Silver.
What industry is Sotkamo Silver in?
Sotkamo Silver's product category is Silver Mining. Its primary akta.pro industry code is IMAKAEAB, Silver Mining, with a secondary code of IMAKAEAD, Precious Metals Ore Processing & Beneficiation. Its NAICS code is 21222 and its SIC code is 1040.