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Boliden AB ( (SE:BOL) ) has issued an announcement.
Boliden has halted production at its Garpenberg mine after seismic activity rose to abnormal levels on March 14, prompting an evacuation of the site. Concentrator operations continued briefly until Sunday before also being stopped for planning reasons as the company assessed the situation.
Seismic activity has since decreased and initial inspections began on March 18, with mine production set to resume gradually once infrastructure and mining areas are fully checked. The timing and pace of the ramp-up are still uncertain, and Boliden says it cannot yet estimate the financial impact until inspections are complete and an optimal restart plan is defined.
The most recent analyst rating on (SE:BOL) stock is a Buy with a SEK750.00 price target. To see the full list of analyst forecasts on Boliden AB stock, see the SE:BOL Stock Forecast page.
More about Boliden AB
Boliden AB is a European producer of sustainable metals operating across exploration, mining, smelting and recycling. The company employs around 8,000 people, generates annual revenues of approximately SEK 90 billion, and is listed on the Large Cap segment of Nasdaq OMX Stockholm, with a strategic focus on climate-friendly and responsible metal production.
Average Trading Volume: 1,419,906
Technical Sentiment Signal: Buy
Current Market Cap: SEK176.8B
For an in-depth examination of BOL stock, go to TipRanks’ Overview page.