CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.96% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

Sweden's Viscaria posts no Q3 revenue, narrows net loss

By Reuters News


Overview

  • Sweden copper mine developer reported no Q3 revenue and a narrowed net loss

  • Company increased capitalized exploration expenses as project development advanced

  • Shareholder loans converted to equity in SEK 2.4 bln transaction


Outlook

  • Company expects project financing process to complete within 90 days, with credit approval by year-end

  • Company targets production start at Viscaria mine in 2028

  • Viscaria mine designated as EU Strategic Project under Critical Raw Materials Act


Result Drivers

  • EXPLORATION RESULTS - Co said successful step-out drilling expanded mineral resource potential

  • PROJECT DEVELOPMENT - Increased capitalised exploration and appraisal expenses as mine development progressed

  • SUPPLY AGREEMENTS - Co signed supply and service deals with Sandvik and Metso for mine and processing plant equipment


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Net Loss

SEK 21 mln


Analyst Coverage

  • The one available analyst rating on the shares is "buy"

  • The average consensus recommendation for the diversified mining peer group is "buy"

  • Wall Street's median 12-month price target for Gruvaktiebolaget Viscaria is SEK28.00, about 68.1% above its November 4 closing price of SEK16.66


Reuters Recommended Reads

  • Nov 2 - Canada's Ero Copper Q3 revenue slightly beats on higher metal prices

  • Nov 3 - Canada's Ivanhoe Mines Q3 profit rises, lowers 2027 Kamoa-Kakula copper guidance

  • Nov 4 - Canada's Lundin Mining Q3 revenue up on copper prices; cuts FY copper production forecast on severe weather


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.