Swedish mining giant Boliden will resume shareholder dividends after pausing payouts in 2024 due to its recent acquisitions, CEO Mikael Staffas confirmed in an interview on Friday. The company remains committed to its dividend policy of distributing one-third of its net profit to shareholders.
The copper and zinc producer had halted dividends earlier this year following its purchase of the Somincor and Zinkgruvan mines from Lundin Mining. Despite the temporary suspension, Staffas emphasized that the company’s financial position remains robust.
“Even though we had a good cash flow in this quarter, the balance sheet is much stronger than I think most people thought it would be after the acquisition,” Staffas said. He did not rule out the possibility of special dividends if Boliden ends up holding excess capital.
In Q2, Boliden posted a free cash flow (excluding acquisitions) of 2,035 million Swedish crowns ($210.19 million), with both RBC and JP Morgan noting that the figure surpassed expectations—largely due to a significant release of working capital.
While Staffas refrained from commenting on the size of future dividend payments, the strong quarterly performance indicates the company is on stable financial ground, positioning it well for renewed shareholder returns.
