Icelandic Salmon, a salmon-farming company based in Bíldudalur, Iceland, experienced significant challenges in the first quarter of 2024, leading to a harvest of less than 3,000 metric tons. High mortality rates in both sea and smolt facilities resulted in unusual costs of EUR 3.6 million (USD 3.9 million). Despite these setbacks, the company remains optimistic about its product demand and anticipates reaching its annual production guidance of 15,000 MT. There is potential for increasing production to 26,000 MT with positive smolt growth and performance of the spring 2022 generation. However, the company expresses concern over a proposed new aquaculture law in Iceland that could increase complexity and uncertainty in global markets.