Mahvie Minerals AB (publ) MAHVIE

NGM | Explorer | Gold and base metals
Follow Mahvie Minerals free Follow free

Email when the signal or risk changes · Sunday weekly brief

No card · No time limit on free tier · Upgrade when you need more

Updated: 12 Nov 2026 Base analysis: 20 Jul 2026

The news check keeps the assessment current.

General analysis — not personal advice.

NEUTRAL Partly clear

Existing position can be maintained pending assay results from Åkerberg.

The modest Åkerberg results reduce secondary upside but leave the core Haveri-driven scenario intact and justify continued review.

Market sentiment Neutral ↓
Trend: Declining

The market reacted neutrally to the report which met expectations, while weak Åkerberg results continue to weigh on sentiment.

Risk assessment High
Dilution: Medium Cash position has strengthened materially after the capital raise, lowering immediate dilution risk.
Jurisdiction: Low Stable Nordic countries
Execution: High Early stage and drill-result dependent
Cash flow: 12 mo

NEUTRAL is the call. Neutral is the market mood. High risk means a lot can go wrong.

Latest change
  • 12 Nov 2026 — Report shows zero revenue and quarterly loss of 3.3 MSEK, driven by ongoing pre-revenue stage.

The full analysis is open. Follow the company free for the full change history — and email next time the picture changes.

Show all changes (6) — follow the company free
About the company

Mahvie Minerals is a Nordic exploration company in early development stage. The company focuses on gold projects in Finland and Sweden plus base metals in Norway with no current production.

Sector: Gold and base metals
Type: Explorer
Next report (Annual)
17 Feb 2027
Catalysts
○
Q4 2026
Haveri environmental studies Medium
◦
Date TBA
Åkerberg assay results
◦
Date TBA
Binding Dragon Mining agreement
Bull case

The letter of intent with Dragon Mining lowers capex and permitting risk for Haveri while drilling programs at Haveri continue.

Bear case

The company remains pre-revenue and ongoing losses require positive geological results to be sustained.

Why this signal

The modest Åkerberg results reduce secondary upside but leave the core Haveri-driven scenario intact and justify continued review.

Recent news
  • The Q3 report was published on 11 November 2026 showing zero revenue and a SEK 3.3 million quarterly loss. Cash stood at SEK 16.4 million with an equity ratio of 84 percent. Analyst Group highlighted the Haveri drill program and the LOI with Dragon Mining.

Key figures

Revenue
Q3 2026
SEK 0.0M
Net income
Jan-Sep 2026
SEK -9.6M
Cash
Q3 2026
SEK 16.4M
Exchange
NGM
Type
Explorer
Sector
Gold and base metals
Mahvie Minerals AB (publ) MAHVIE
Mahvie Minerals — this picture changes. Follow free
Follow Mahvie Minerals free Follow free
Firelda provides general information and analysis, not personal investment advice. Content does not consider your financial situation or goals. Investments can rise and fall in value. Always do your own research.