2023 began on a weak note for Boliden with the Q1 results missing the street’s expectations. Volumes were a key challenge, especially in Mining. While the stock fell >7% on the day of the results release, we believe that the current level offers an attractive entry opportunity, thanks to intact underlying virtues – including well-balanced Mining and Smelting exposure, FX benefits, valuable precious metal exposure, a strong balance sheet, abating cost headwinds and a unique European metals propos ....
