Boliden has announced a 700 million kronor write-down of assets at the Garpenberg mine, damaged by seismic activity and a collapse in March that led to parts of the mine closing through 2026. The write-down covers infrastructure and equipment affected by the events.
In a follow-up to the seismic events that struck the Garpenberg mine in March—including a powerful quake on March 14 causing a collapse—Boliden has written down the value of affected assets by 700 million kronor.
The company's press release specifies damage to infrastructure and equipment from the unusual seismic activity. This comes after earlier announcements of mine closures through 2026, 70% production losses, and 400 million kronor in first-quarter costs.
The Garpenberg mine in Dalarna, Sweden's oldest operating mine, remains impacted, but no new details on production or future plans were provided in this release.
Part of the 'Garpenberg Mine Seismic Events' series.
