Boliden hits bottom of STOXX after warning of Q1 hit from production halt at Garpenberg mine

Boliden AB

26/03/2026 08:50

** Shares in Boliden BOL.ST fall around 16% to the bottom of STOXX 600 .STOXX index after the Swedish miner said it expects production halt at its Garpenberg mine caused by abnormally high seismic activity earlier this month to hit its earnings

** It forecasts an EBITDA hit for the first quarter to be of about 400 million Swedish crowns ($42.71 million)

** Garpenberg's production is estimated to be around 30% of the earlier guided capacity of 3.7 million tons per year, the company added

** While mining production at low levels will commence in the second quarter, production in the most affected part of the mine is not expected to resume in 2026, it said

** If losses hold, Boliden shares are on track for their worst since March 2020

($1 = 9.3658 Swedish crowns)

 (Reporting by Elviira Luoma)

 ((Elviira.luoma@thomsonreuters.com))