Copperstone Resources AB
COPP-B.ST
Stockholm Stock Exchange1.06
SEK
+0.00
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Copperstone Resources AB
COPP-B.ST
(Stockholm Stock Exchange)
Recent
price
1.06
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Copperstone Resources AB, now operating under the name Gruvaktiebolaget Viscaria since May 2024, is a Swedish mineral exploration and mining company focused primarily on copper. The company specializes in the exploration, evaluation, and redevelopment of copper mineral resources, with its flagship project being the Viscaria copper mine located in the Kiruna mining district in northern Sweden. Copperstone’s core product offering consists of copper concentrates derived from mining operations, supported by additional mineral exploration activities targeting base and precious metals including gold, silver, zinc, lead, manganese, tungsten, cobalt, vanadium, and iron ores. Founded in 2006 and headquartered in Kiruna, Sweden, the company has developed a strong portfolio of mineral projects primarily in northern Sweden, with significant resources including an estimated 724,000 tonnes of measured, indicated, and inferred copper mineral resources under the PERC reporting standard. Copperstone’s operations benefit from close proximity to existing mining infrastructure, including roads, railways, and electricity, facilitating efficient logistics and production scalability. Recent strategic developments include the company’s official name change to Gruvaktiebolaget Viscaria in May 2024 reflecting its transition from pure exploration to mining production. The company is advancing the environmental permitting process to enable the reopening of the Viscaria mine, with plans to restart mining operations by 2026. This involves major capital investments in the development of an enrichment plant and associated infrastructure to produce an estimated 22,000 to 23,000 tonnes of copper concentrate annually. Copperstone continues to execute an aggressive resource expansion and drilling program around the Viscaria project and other deposit sites like Arvidsjaur to extend the mine life and enhance production targets. Additionally, Copperstone maintains several subsidiaries including Avalon Mineral Viscaria AB and Argo AB, supporting its development and operational activities. The company targets becoming a key supplier of responsibly produced copper, positioning itself strategically in the growing electrification and green transition markets. Copperstone’s evolution from exploration to a fully operational mining company with advanced copper production capabilities marks a major strategic shift within the last two years, positioning it for long-term growth in the base metals industry.