Boliden AB (BDNNF,BOL.ST) on Friday, while unveiling its production guidance for fiscal 2026, said that capital expenditure will decline to 15 billion Swedish Kroner. Of this amount, around 6.5 billion Kroner will be allocated to mine-sustaining investments like waste rock mining, processing, and ongoing dam-raising activities.
The Swedish metals, mining, and smelting company said that total capital expenditure for fiscal 2025 and fiscal 2026 also include some cost overruns in the Odda expansion project.
According to Boliden, at the Aitik area, copper grades are expected to improve in the second half, resulting in an average full-year grade of 0.18 percent. In the Boliden Area, gold grades are expected to be slightly lower than this year, while throughput is set to rise to 1.8 million tonnes, the company added.
The company said that at Kevitsa, the mining tax increase is expected to increase costs by around 20 million euros to 30 million euros. Copper grades will increase to 0.24 percent, while nickel grades and throughput remain unchanged. In Odda, the commissioning of the expansion project has been delayed by two months, with the first feed now expected in the first quarter.
Boliden said that the planned maintenance shutdowns in Business Area Smelters are expected to have a negative impact of around 450 million Kroner on the annual operating profit.
On the Stockholm Exchange, BOL.ST is trading up 0.64 percent on Friday at 471.00 Swedish Kroner.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.