Salmon Evolution biomass at new high

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Land based fish farmer Salmon Evolution has passed yet another milestone with its highest ever biomass at 2,100 tonnes, up from 1,047 tonnes at 30 June.

Salmon Evolution operates a hybrid flow-through facility at Indre Harøy on the Norwegian west coast. The company is targeting a production capacity of 100,000 tonnes HOG (head on gutted) by 2032.

In its report for Q3 of this year the company said biological performance had been strong. Parts of batch 3 were harvested in September yielding 185 tonnes HOG with 96 % superior share, tight weight concentration and good price realisation. Salmon Evolution is expecting a significant ramp up of harvest volumes in Q4, to 1,000-1,200 tonnes HOG.

Batch 8 was stocked at the end of August and batch 9 at the end of October, bringing the farm to a steady-state number of individuals of 1.5-1.6 million.

The company said that it is on track for production cost on a par with conventional farming in sea cages.

Financially, available liquidity stood at NOK 705m (£52m) as at 30 September 2023 including committed available undrawn credit facilities.

 

 

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