Land-based salmon farmer Salmon Evolution says it is on track for its production costs to soon be in line with those of traditional netpen salmon operations.

The producer, with a farm in Norway, another project with Dongwon in Korea, and plans for a third farm in North America, reported strong biological performance in its third quarter, with a standing biomass of 2,100 metric tons as of Sept. 30, representing all-time high biomass growth of 1,290 metric tons.

Operational earnings before interest, tax, depreciation and amortization (EBITDA) widened to a loss of NOK 24.6