Boliden Q3 Adjusted Operating Profit Rises 77% to SEK 4.90 Billion
Third-quarter adjusted operating profit exceeded consensus of SEK 4.24 billion, while net sales reached SEK 30.442 billion versus expectations of SEK 29.872 billion. Boliden lowered its 2026 Aitik copper-grade outlook to 0.16% and raised projected processed volume to 42 million tons. It also increased waste-rock mining investment to SEK 7 billion and raised the estimated full-year impact of smelter maintenance shutdowns.
Boliden's adjusted operating profit for the third quarter of 2026 rose 77% to 4.90 billion SEK, exceeding consensus expectations of 4.24 billion SEK. Net sales reached 30.442 billion SEK, surpassing the expected 29.872 billion SEK. The company updated its 2026 guidance, lowering the expected copper grade at its Aitik mine to 0.16% while increasing the projected processed volume to 42 million tons. Additionally, Boliden raised its investment in waste rock mining to 7 billion SEK and increased the estimated full-year impact of maintenance shutdowns in its smelters to -500 million SEK.
CEO Mikael Staffas noted strong production performance across mines and smelters, with record throughput at the Kevitsa mine.