Sandvik lands SEK 250 million underground mining equipment order in Colombia

Sandvik AB ( (SE:SAND) ) has issued an update.

Sandvik has secured a SEK 250 million order from Aris Mining for underground trucks, loaders and drill rigs to be deployed at the Marmato gold mine in Colombia. Deliveries are scheduled from the second quarter of 2026 through the second quarter of 2027, with Sandvik also providing maintenance and repair services to support the expanded operation.

The deal deepens Sandvik’s partnership with Aris Mining and underscores the company’s position as a key supplier of underground mining solutions aimed at improving productivity, safety and operational efficiency. The contract also strengthens Sandvik’s mining equipment and services backlog in Latin America, reinforcing its strategic focus on high-value, long-term service support for major mining clients.

The most recent analyst rating on (SE:SAND) stock is a Buy with a SEK410.00 price target. To see the full list of analyst forecasts on Sandvik AB stock, see the SE:SAND Stock Forecast page.

More about Sandvik AB

Sandvik is a global high-tech engineering group that provides equipment, tools, services and digital solutions to the manufacturing, mining and infrastructure industries. With a strong focus on digitalization and process optimization, the company targets enhanced productivity, profitability and sustainability, employing about 42,000 people and generating SEK 121 billion in annual revenue across more than 150 countries.

Average Trading Volume: 2,613,213

Technical Sentiment Signal: Buy

Current Market Cap: SEK448.3B

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