https://newsletter.mw.creamermedia.com
Copper|Gold|Mining|Water
Copper|Gold|Mining|Water
copper|gold|mining|water

Swedish miner Boliden's dividend brightens slight earnings miss

CEO Mikael Staffas

CEO Mikael Staffas

3rd February 2026

By: Reuters

  

Font size: - +

Boliden proposed a higher than expected dividend for 2025, pushing its shares 4% higher on Tuesday, even as the Swedish copper and zinc miner's fourth-quarter earnings rose less than analysts were expecting.

The company, which operates seven mines and five smelters in the Nordic region, Ireland and Portugal, proposed an annual dividend of 11 Swedish crowns per share, beating an LSEG estimate of 9.6 crowns.

Last year, it had cancelled the ordinary dividend to strengthen its financing capacity, and instead reduced the value of the share issue it carried out later in the year to pay for a purchase of two mines.

Boliden's recent performance has been boosted by firmer gold prices, which have lifted realised revenue from precious metals collected as a by-product from its mining and smelting flows. It also benefits from higher zinc prices.

Its quarterly operating profit excluding revaluation of process inventory rose 6.5% to 4.06-billion crowns ($454.4-million), driven by strong metal prices, but missed analysts' consensus of 4.13-billion crowns provided by the company.

Boliden said intensive rains in Portugal in January had caused water management issues in its Somincor mine, which was part of last year's acquisition. While it kept 2026 guidance unchanged for the mine, the total effect on first-quarter results would depend on the weather going forward, it said.

Talking to Reuters after the results, CEO Mikael Staffas ruled out additional cash distributions this year, given Boliden's leverage ratio, including net reclamation debt, was well above the target of 20% stated in its dividend policy.

"We have a very clear policy that in order for us to think about an extra dividend, the balance should be strong," he said.

Boliden reiterated its investment plans for 2026.

Edited by Reuters

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Lilak Aluminium
Lilak Aluminium

For over 15 years, Lilak Aluminium, a trusted leader in architectural extrusion supply, has delivered excellence to businesses like yours.

VISIT SHOWROOM 
Iritron
Iritron

Iritron delivers advanced automation, control, and optimisation solutions to the Mining, Minerals & Metals, Consumer Package Goods and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

FAM Minerals & Mining South Africa team
FAM Minerals & Mining launches in South Africa
30th January 2026 By: Darren Parker
Transnet, RBCT, Exxaro manganese make headlines
Transnet, RBCT, Exxaro manganese make headlines
30th January 2026
Magazine cover image
Magazine round up | 30 January 2026
30th January 2026

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.115 0.199s - 127pq - 2rq
Subscribe Now