Boliden, SE0020050417

Boliden faces Garpenberg permit dispute as Boliden stock gains 3.82 percent

Published on 10/02/2026 at 17:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Boliden targets 2.30 million tonnes of processed ore in 2027. Boliden stock was at EUR 45.94 on October 2, 2026 versus EUR 44.25.

Fotorealistische Kupferschmelze mit glühendem Metall in schwedischer Industrieanlage bei Dämmerung — Boliden AB (ISIN SE0022415691) betreibt moderne Kupferschmelzen und Untertagebergwerke in ganz Skandinavien, Illustration mit AI erstellt.

Boliden (ISIN SE0020050417) was trading at EUR 45.94 at Lang & Schwarz on October 2, 2026 at 5:27 p.m. CEST, up 3.82 percent from the prior close of EUR 44.25. The latest company-specific issue is a permit dispute that could delay the restart of production at the Garpenberg mine.

Garpenberg restart faces a permit hurdle

As Placera reported on September 30, 2026, Boliden is disputing whether a planned waste-rock storage facility needs a permit change. The dispute follows the March 2026 rockfall and could push back the production recovery schedule.

The storage facility needs to be operating by the first half of 2027, according to the company statement cited by Placera. Boliden has set a target of 2.30 million tonnes of processed ore for 2027, making the permitting timetable an important operating variable.

Q2 earnings missed estimates

In the second quarter of 2026, Boliden reported revenue of SEK 25.73 billion and diluted earnings per share of SEK 7.81. Fintel said those figures compared with consensus revenue of SEK 28.29 billion and consensus earnings per share of SEK 8.18, respectively.

The same second-quarter report showed operating profit of SEK 3.19 billion, down from SEK 5.25 billion in the first quarter of 2026. The sequential decline gives the Garpenberg restart added weight because production execution must improve while the company absorbs expansion-related demands.

Analysts split on Nexa risks

According to MarketScreener on September 10, 2026, Berenberg kept its Hold rating and raised its target from SEK 530.00 to SEK 560.00. The bank viewed Boliden's planned acquisition of 64.68 percent of Nexa Resources as industrially logical but saw limited synergies while Nexa remains separately listed.

Fintel reported that Berenberg downgraded Boliden from Buy to Hold on September 21, 2026. That change contrasts with Barclays, which maintained a Buy rating and set a SEK 690.00 target on September 17, 2026, according to Markets Insider.

Boliden stock gains 3.82 percent

Boliden stock was trading at EUR 45.94 at Lang & Schwarz on October 2, 2026 at 5:27 p.m. CEST, up 3.82 percent versus the EUR 44.25 prior close at Lang & Schwarz. The reference price remains below the primary Nasdaq Stockholm range of SEK 388.80 to SEK 727.80 for the 52 weeks through October 2, 2026, while the market capitalization was SEK 147.5 billion on that date. The further course of trading is shown by the continuously updated real-time quote of Boliden stock.