Welcome to our dedicated page for Boliden Ab news (Ticker: BDNNY), a resource for investors and traders seeking the latest updates and insights on Boliden Ab stock.
Boliden AB (BDNNY) is a leading European producer of sustainable metals through integrated mining, smelting, and recycling operations. This page serves as a comprehensive resource for stakeholders tracking the organization’s strategic developments, operational milestones, and industry leadership.
Access authoritative updates on earnings reports, infrastructure investments, and technological innovations such as low-carbon metal production. Users can expect coverage of acquisitions, sustainability initiatives, and operational enhancements across Boliden’s mining and processing facilities.
Explore press releases detailing advancements in copper and zinc production, recycling breakthroughs, and environmental performance metrics. The curated news collection supports informed analysis of Boliden’s market position and long-term value drivers.
Bookmark this page for streamlined access to BDNNY’s official communications and third-party analyses, ensuring you remain informed about one of Europe’s most resource-efficient metals producers.
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.
Boliden (BDNNY) reported strong Q1 2025 financial results with revenues of SEK 21,121 million, up from SEK 18,481 million year-over-year. Operating profit more than doubled to SEK 3,062 million from SEK 1,615 million, while earnings per share increased to SEK 7.99 from SEK 4.16.
The company's performance was boosted by higher metal prices and a stronger USD, though partially offset by strikes in Finland impacting operations by SEK -100 million. Free cash flow was negative at SEK -1,869 million, affected by increased working capital but benefiting from SEK 350 million in insurance proceeds. The quarter saw lower milled volume and recoveries in Aitik, while Tara's ramp-up progressed well and Odda began commissioning its expansion project.
Notably, Boliden successfully raised SEK 3.75 billion through a directed share issue during the quarter.
Boliden has completed its acquisition of Somincor (copper and zinc mine in Portugal) and Zinkgruvan (zinc mine in Sweden) from Lundin Mining for USD 1.40 billion. The deal, announced on December 9, 2024, includes a base purchase price of USD 1.30 billion and potential contingent payments of up to USD 150 million tied to commodity prices and certain conditions.
The acquisition, effective April 16, 2025, will nearly double Boliden's zinc concentrate production and significantly boost its copper concentrate production, strengthening its position as Europe's leading base metals company. The transaction was financed through a bridge loan and a directed share issue that raised approximately SEK 3.75 billion. The bridge loan will be refinanced through a temporary deviation from Boliden's dividend policy and medium to long-term debt financing.
Boliden (BDNNY) has announced it will release its Q1 2025 Interim Report on Wednesday, April 23, 2025, at 07:45 (CEST). The company will host a press and analyst conference at 09:30 CEST on the same day.
The presentation will be led by President and CEO Mikael Staffas and CFO Håkan Gabrielsson. Participants can join via webcast or telephone conference, with a Q&A session available for attendees. The presentation materials and recorded webcast will be made available on Boliden's website following the event.
Boliden has secured all necessary regulatory approvals for its acquisition of two mining operations: Neves-Corvo in Portugal and Zinkgruvan in Sweden. The approvals include:
- EU Commission merger control approval
- Swedish Inspectorate of Strategic Products approval under the Swedish FDI Act
- Change of control approval for the Neves-Corvo Portuguese Concession Contract
- Fundamental Permits Approval
The acquisition, initially announced on December 9, 2024, is expected to reach completion in the coming weeks, pending satisfaction of remaining closing conditions.
Boliden AB (BDNNY) has announced changes to its share structure following a directed share issue. The company has issued 10,714,285 new shares, resulting in an equivalent increase in voting rights. As of March 31, 2025, Boliden's total share count and voting rights have increased to 284,225,454, with the share capital now amounting to SEK 601,592,217.044561.
Boliden AB (BDNNY) has announced its Annual General Meeting (AGM) to be held on April 23, 2025, at 13:00 CEST in Aitik, Gällivare, Sweden. The meeting will feature both in-person and postal voting options.
Key highlights include:
- Shareholders must be recorded in the register by April 11, 2025
- Registration deadline is April 15, 2025
- Board proposes no dividend payment to shareholders
- Nine board members proposed, including new nominee Victoire de Margerie
- PricewaterhouseCoopers AB proposed as new auditor
- Introduction of long-term share savings programme (LTIP 2025/2028) for approximately 50 key employees
The meeting will include an exhibition and guided tour starting at 14:30 CEST. Board fees proposed include SEK 2,100,000 for Chairman and SEK 700,000 for other Directors.
Boliden (BDNNY) has released its Annual and Sustainability Report 2024, marking a significant milestone with the theme 'A century of exploration and innovation.' The report, now available on the company's website, presents a comprehensive overview of Boliden's value creation, strategy, operations, sustainability initiatives, and financial performance.
Notable changes in this year's report include a new digital-friendly landscape format with clickable navigation, and the integration of the previously separate Sustainability Index into the main report's sustainability section. A printed version will be available for order in April 2024.
The report has been published in both English and Swedish, with the Swedish version following the European Single Electronic Format (ESEF) requirements. This release complies with Boliden's obligations under the Securities Markets Act, with the information made public on March 20, 2025, at 07:45 CET.
Boliden (BDNNY) provided updates during its Capital Markets Day on several key projects and expansions. The Odda zinc smelter expansion is entering its final phase, increasing capacity from 200 to 350 ktonnes annually, with expected annual EBITDA of EUR 150 million at full production. Ramp-up is scheduled for H2 2025.
The company reported progress on multiple mining projects: The Kristineberg mine investment completion will enable full concentrator capacity utilization for 10 years. At Garpenberg, a new paste plant investment was approved, with plans to increase production to 4.5 Mtonnes pending environmental permits. The Nautanen copper deposit holds 25.5 Mtonnes of mineral resources with high copper and precious metal grades, with production targeted for 2030.
Additionally, Boliden's cement replacement development project shows promising results, with over 10 potential customers engaged. A pilot project with 300 ktonnes production capacity is under evaluation, with an investment decision expected in H2 2025.
Boliden (BDNNY) has announced a significant investment of SEK 750 million in a new paste facility at its Garpenberg mine, marking the first step towards expanding production from 3.5 to 4.5 million tonnes annually. The facility will improve backfilling operations using a mixture of tailings and binder to stabilize rock and maximize ore tonnage.
The company has submitted a permit application for the production increase to 4.5 million tonnes. The new paste plant will be constructed adjacent to the existing facility to minimize production disruptions, with completion expected in 2026. Further expansion beyond the current 3.5 million tonnes licensed level will require additional developments in mine production, underground development, and ore transportation infrastructure.
The decision follows several years of successful exploration at Garpenberg, resulting in improved access to both Mineral Reserves and Mineral Resources. Concept studies are ongoing to evaluate potential future production increases, which would depend on expansions in mine production, hoisting, processing, and tailings facilities capacity.
