Botnia Gold AB BOTX
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Full analysis: 24 Jul 2026
Latest news check: 11 Aug 2026
General analysis — not personal advice.
HOLD
7/10
Confidence
Existing position can be maintained pending drill results and the Q2 report.
Strong profitability and positive cash flows are balanced by uncertainty around mine life and execution risk with the external partner.
Market sentiment
7/10
↑
Trend: Improving
The market reacts positively to the shift to profitability and strong cash flows, with attention on potential undervaluation if reserves are extended.
Price context
At 12.16 SEK the stock is consolidating in the lower half of its 52-week range, indicating a cautious market ahead of the upcoming earnings report.
Risk assessment
4/10
Dilution:
Low
Profitable and cash-flow positive operations
Jurisdiction:
Low
Sweden with stable legislation
Execution:
Medium
Reliance on external processing partner
Recent changes
- ▼ The signal shift is driven by strong profitability and cash flow now being balanced against uncertainty around mine life and execution risk with the external processing partner.
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Show all changes (7) — follow the company freeAbout the company
Botnia Gold AB is a Swedish mining company in the production phase focused on gold extraction at Fäbodtjärn in Vindelgransele. The company has transitioned from exploration to profitable, cash-flow positive mining with strong margins in 2025 and 2026.
Sector:
Gold
Type:
Producer
Next report
13 Aug 2026
Q2
Catalysts
Aug 2026
Deep drilling results Fäbodtjärn
High
Sep 2026
Third processing campaign
Medium
Horizon:
Bull case
Strong profitability and high gold prices deliver solid cash flow despite short reserves.
Bear case
Dependence on an external processing partner creates risk of production disruptions and short mine life limits valuation.
Signal rationale (informational)
Strong profitability and positive cash flows are balanced by uncertainty around mine life and execution risk with the external partner.
Recent news
- No new press releases have been published by the company. The stock closed at 12.16 SEK.
Key figures
Revenue
Q1 2026
SEK 118M
Revenue TTM
TTM
SEK 353M
EBITDA
Q1 2026
SEK 30.1M
Net income
Q1 2026
SEK 23.5M
Cash
FY 2025
SEK 57.8M
Total debt
FY 2025
SEK 2.7M
Gross margin
FY 2025
68.8%
Shares outstanding
Q1 2026
40.8M
EPS
Q1 2026
SEK 0.58
Price & valuation
Last close
SEK 12.88
Market Cap
SEK 526M
1 week
+7.5 %
3 months
+5.6 %
12 months
-2.8 %
From 52w high
-18.7 %
From 52w low
+22.1 %
Exchange
First North
Type
Producer
Sector
Gold
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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.