Camanchaca losses more than doubled after being hit by toxic algae bloom

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Growing losses over Easter.

Salmones Camanchaca provides more information after being hit by algae bloom. The updated information as of April 4 is as follows: The toxic algal bloom in the Comau Fjord, Los Lagos Region, Chile affecting the Leptepu, Porcelana and Loncochalgua farming sites, has caused to date an accumulated mortality of 1.3 million fish, equivalent to 2,250 tons of biomass, with weights between 450 grams and 2.5 kg depending on the affected site, at an average weight of 1.2 kg.

This mortality corresponds to 11 per-cent of the company’s total fish.

This is a significant increase from the 500,000 fish losses reported April 1.

Based on the information available at this time, it is estimated that the event in the Comau Fjord will generate a direct financial loss of USD 4.4 million, net of estimated insurance claim, which has been activated, and of which deductibles have already been fully applied to this calculation.

Based on the above, 2021 harvest volume estimates are reduced to a range of 41-44 thousand tons whole fish equivalent of Atlantic salmon.

Mortality collection continues to be carried out normally and in accordance with contingency plans. The company is also in the process of transferring the surviving fish to sites outside the Comau Fjord, which is expected to be completed soon.