Gruvaktiebolaget Viscaria/Skr VISC

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About Gruvaktiebolaget Viscaria

Gruvaktiebolaget Viscaria, formerly known as Copperstone Resources AB, is a Swedish mining company focused on the exploration and development of copper resources. The company is in the process of reopening the Viscaria copper mine located in Kiruna, Sweden, aiming to become a significant supplier of responsibly produced copper. In addition to the Viscaria project, the company holds processing concessions and exploration permits in Arvidsjaur and Smedjebacken, Sweden. The company changed its name to Gruvaktiebolaget Viscaria in May 2024 to reflect its strategic focus on the Viscaria mine. Headquartered in Kiruna, Sweden, the company leverages the high copper grade and favorable geographical location of its assets to position itself as a key contributor to Sweden's and Europe's climate transition.
Ticker
Skr VISC
Sector
Materials
Primary listing
XSTO
Employees
47
Headquarters
Kiruna, Sweden
Website
www.viscaria.com

VISC Metrics

BasicAdvanced
kr 7.7B
-
-kr 0.72
0.69
-

Bulls say / Bears say

Viscaria has moved from study work into execution: Metso will supply the main processing equipment under an approximately EUR40 million order. Consolidating the flowsheet with one experienced supplier should improve procurement and schedule control. (Metso, Viscaria)
The June financing raised about SEK1.7 billion in cash, while InfraVia invested about SEK420 million for a 6.6% stake and became a major shareholder. This provides fresh equity and a financially experienced strategic backer as construction advances. (Placera, InfraVia)
Exploration continues to point to expansion beyond the current mine plan: one hole returned 10 metres at 2.2% copper about 800 metres beyond the existing resource. If follow-up drilling confirms continuity, this could support a larger resource and longer mine life than currently planned. (Placera, Inderes)
The project still requires substantial external funding: Viscaria has described total needs of about SEK10 billion, with roughly SEK4.8 billion of project debt still being arranged. In August, it also explored a further SEK1.5 billion capital raising, leaving investors exposed to financing delays and additional dilution. (Inderes, Placera)
Viscaria remains pre-production and is not yet self-funding: Q2 sales were zero and the company reported a SEK41.4 million loss after tax. Continued development spending means the balance sheet must carry the project until the mine generates operating cash. (Inderes, Simply Wall St)
Execution risk remains high because the mine and processing plant still need to be completed, commissioned and ramped up before concentrate production is expected in 2028. Any construction, logistics or ramp-up problem could postpone revenue while financing costs continue. (InfraVia, Quartr)
Data summarised monthly by Lightyear AI. Last updated on 17 Sept 2026.

VISC Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

VISC Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Funds containing VISC

AllEURGBP
Funds
Fund name
Fund size
Skr VISC weighting
iShares Copper Miners€CEBS
€640M0.12%
iShares Copper Miners£MINE
£549M0.12%
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.