Boliden Ab Stock Price, News & Analysis

Boliden (OTC:BDNNY) has appointed Linn Andersson as EVP Strategy and CTO, a newly created position in the company's Group Management. In this role, Andersson will oversee strategy, business and technology development, and procurement operations.

Andersson brings significant experience from within Boliden, most recently serving as General Manager at Boliden Rönnskär. She holds an engineering degree in Chemistry from Umeå University and an MBA from Edinburgh Business School.

Boliden (OTC:BDNNY) has responded to the Finnish government's proposed tax changes affecting mining activities. The proposal would result in increased annual costs of 20-30 MEUR for Boliden's Kevitsa copper and nickel mine, primarily due to a quadrupling of the Finnish mining tax.

The company has submitted concerns about the proposal's impact on investment climate and European raw material supplies, stating that the government's proposal lacks proper impact assessments and should be withdrawn. The Kevitsa mine produces several EU-designated critical metals, including copper, nickel, cobalt, and PGMs.

Boliden (BDNNY) has announced plans to host the world's deepest marathon in its Garpenberg zinc mine, located 1,120 meters below sea level, on October 25, 2025. The unique event, organized in collaboration with ICMM and BecomingX, aims to raise $1 million for charity.

The marathon will feature approximately 60 participants from at least 15 countries, representing the mining and metals industry and civil society. The event will attempt to set two Guinness World Records: one for the world's deepest marathon and another for organizing it. Regular mining operations will continue during the event, which is not open to the public due to space constraints.

Boliden (BDNNY) released its Q2 2025 earnings report, showing mixed results amid challenging market conditions. The company reported revenues of SEK 22,285 million, down from SEK 22,748 million, while operating profit decreased to SEK 1,094 million from SEK 4,814 million year-over-year.

Key highlights include record mine production at Aitik and successful consolidation of Somincor and Zinkgruvan mines. The company maintained a relatively low net debt/equity ratio of 29% despite significant acquisitions totaling SEK 14,389 million. Free cash flow excluding acquisitions was SEK 2,035 million, though including acquisitions it was negative at SEK -12,354 million.

Operating challenges included negative impacts from a weaker USD (SEK -600 million), lower treatment charges, and planned maintenance in Smelters affecting operating profit by SEK -400 million.

Boliden (OTC:BDNNY) has scheduled the release of its Q2 2025 Interim Report for July 18, 2025, at 07:45 CEST. The company will host a press and analyst conference at 09:30 CEST on the same day, featuring presentations by President and CEO Mikael Staffas and CFO Håkan Gabrielsson.

Participants can join via webcast or telephone conference, with the latter requiring pre-registration 5 minutes before the start. The presentation materials and recorded webcast will be made available on Boliden's website following the event.

Boliden (BDNNY) has released its mandatory report detailing payments made to government agencies in Sweden, Finland, and Ireland related to extractive industry operations during 2024. The report was published in compliance with Swedish Law (2015:812) on reporting payments to government agencies. The document was made public on May 28, 2025, at 15:00 CEST.

Boliden (BDNNY) has secured a EUR 700 million Sustainability Linked Term Loan to finance its acquisition of Somincor copper and zinc mine in Portugal and Zinkgruvan zinc mine in Sweden. The three-year loan, extendable by two additional years, is provided by multiple major banks including BNP Paribas, Royal Bank of Canada, and others. This Term Loan, combined with equity raised in March 2025 and the exclusion of dividend in 2025, completes the take-out financing of the bridge loan agreement, which has now been fully repaid.

Boliden (BDNNY) has updated its Green Finance Framework, initially launched in May 2022, reflecting its enhanced climate commitments. The company has achieved a significant milestone by having its climate targets validated by the Science Based Targets initiative (SBTi). The framework update includes a roadmap to 2030 focusing on electrification, renewable energy transition, and process improvements.

Key changes include adopting the International Capital Market Association's (ICMA) Green Bond Principles for mapping eligible projects, with emphasis on energy efficiency projects, particularly refinancing the zinc smelter Odda expansion for Low Carbon Zinc production. The framework now features expanded categories for pollution prevention and waste management, plus a new renewable energy production category. S&P Global has reviewed the updated framework and maintained its 'Medium Green' rating.

Boliden held its Annual General Meeting on April 23, 2025, both live in Aitik and through postal voting. The meeting saw the re-election of eight Board Members and the new election of Victoire de Margerie, with Karl-Henrik Sundström continuing as Chairman. Key financial decisions include setting the Chairman's remuneration at SEK 2,100,000 and SEK 700,000 for non-employee Board Members.

Shareholders approved the Board's proposal for no dividend distribution, with funds being carried forward as retained earnings. The meeting also approved amendments to the Articles of Association and established a new long-term share savings programme (LTIP 2025/2028) for key executives. PwC was elected as the new auditor, and a new Nomination Committee will be appointed by the three largest shareholders as of August 31.