March 11th, 2026 | 07:15 CET
Mining comeback in Europe: Solid returns with Group Eleven Resources, Boliden, and Glencore
The European raw materials landscape is undergoing a realignment. For decades, the industry relied on cheap imports from overseas. But those days of largely unchallenged globalization are coming to an end. In order to end dependence on uncertain supply chains and ensure the survival of the industry, the focus is shifting to domestic extraction of critical metals. The European Commission has defined clear goals with the Critical Raw Materials Act and the ambitious RESourceEU Action Plan: By 2030, 10% of the mining and 40% of the processing of critical metals should occur within the EU. In this environment, the European zinc and silver sector is making a comeback. While zinc has historically been in demand primarily in the construction industry, it is now indispensable for the corrosion protection of wind turbines. Silver is even becoming a critical industrial metal due to the tremendous boom in artificial intelligence (AI) and the construction of data centers. Ireland, in particular, is establishing itself as a raw materials region in this phase. The country has one of the world's most productive geological provinces for high-grade base metals and boasts excellent geoscientific data from the Tellus program. Established mining giants such as Boliden and Glencore are setting standards, while up-and-coming explorers such as Group Eleven Resources are shining with spectacular discoveries and offering investors extremely lucrative entry opportunities.
time to read: 3 minutes
|
Author:
Nico Popp
ISIN:
GROUP ELEVEN RESOURCES CORP | CA39944P1018 | TSXV: ZNG , OTCQB: GRLVF , BOLIDEN AB (POST SPLIT) | SE0012455673 , GLENCORE PLC DL -_01 | JE00B4T3BW64
Table of contents:
Author
Nico Popp
At home in Southern Germany, the passionate stock exchange expert has been accompanying the capital markets for about twenty years. With a soft spot for smaller companies, he is constantly on the lookout for exciting investment stories.
Tag cloud
Shares cloud
Boliden sets standards in European mining
The Swedish group Boliden is considered an integrated mining and metals company along the entire value chain and thus sets standards. The Tara mine near the Irish town of Navan is the absolute jewel in Boliden's portfolio and is considered one of the largest zinc mines on the entire continent. After the mine was temporarily put into maintenance mode due to extremely high energy costs, the current year will see a full operational ramp-up. Boliden plans to grind 1.8 million tonnes of ore with a high zinc content of 5.6% in Tara in 2026. This ambitious production ramp-up is crucial for supplying the group's own smelters in Norway and Finland and ensures the company a stable balance sheet with a net debt ratio of only 20% despite record investments. The results for the fourth quarter of 2025 also showed a strong operating profit of SEK 4.06 billion. For investors looking to bet on European mining, Boliden is therefore a classic core investment that also offers a reliable dividend.
Glencore as a strategic force in the background
Glencore is similarly strong, but with a much more global presence. While Boliden scores points in Ireland with its local presence, Glencore is considered the global navigator in the zinc market. The company combines a comprehensive industrial portfolio with a world-leading marketing department that cleverly exploits arbitrage opportunities in global supply chains. In the past year, Glencore almost completely achieved its production targets and increased its own zinc production by 7% to 969,400 tonnes. Even more interesting for Ireland, however, is Glencore's targeted strategic commitment as a supporter of promising junior players. The commodities giant holds a 13.6% stake in Group Eleven Resources and also sits actively on the board of directors. For Glencore, this is a smart and cost-effective option for the future consolidation of the regional market, as Group Eleven's exploration areas are directly adjacent to Glencore's own million-tonne Pallas Green deposit.
Group Eleven Resources and the spectacular Ballywire discovery
Group Eleven Resources is positioning itself in precisely this geological hotspot. The up-and-coming exploration company has succeeded in developing the PG West project into one of the most significant new discoveries in Europe in over a decade. Systematic drilling has revealed the Ballywire deposit to be a complex system with excellent zinc, lead, and silver grades. A spectacular drill hole recently expanded the already promising data to a total of 52.3 m with a grade of 10.3% zinc and lead and an extremely high 330 g/t silver. Such grades are exceptional by global zinc mining standards and significantly increase the expected profitability of the project.
The Ballywire discovery also offers a real strategic wildcard for the European Union: germanium. After China heavily restricted exports of this metal - critical for the semiconductor and defense industries - in 2025, policymakers have been urgently searching for domestic alternatives. Group Eleven has confirmed strong germanium grades and therefore stands to benefit directly from the possibility of accelerated permitting through EU funding programs. To further expand the system, which remains largely open along a 6 km trend, both along strike and at depth, the company is planning a 20,000-meter drilling program with four active drill rigs for the current year.
Group Eleven Resources as a rare opportunity for investors
The current phase in the Irish commodities sector offers excellent opportunities for investors. While Boliden and Glencore represent established core investments with reliable cash flows, Group Eleven Resources is positioning itself as an attractive opportunity for more risk-tolerant investors. The young company combines the exploratory flexibility of an agile junior with the strategic security provided by the prominent participation of a global market leader such as Glencore, which drastically reduces the investment risk for investors. In addition, Group Eleven operates in the direct shadow of Boliden's existing infrastructure, suggesting future synergies or even a takeover.
Prominent insiders and major investors such as Michael Gentile, who holds around 13.8% of the shares, underscore the high level of confidence in the management and geology. With zinc prices supported by falling smelter costs and demand for silver rising rapidly due to the construction of new AI data centers, the fundamental market conditions are nearly perfect. Investors who want to get in early on European commodity autonomy and the next world-class asset in Ireland will find Group Eleven Resources to be a company that is fully financed through next year and is likely to reveal its true value on the stock market as the supercycle begins.
Conflict of interest
Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as "Relevant Persons") may hold shares or other financial instruments of the aforementioned companies in the future or may bet on rising or falling prices and thus a conflict of interest may arise in the future. The Relevant Persons reserve the right to buy or sell shares or other financial instruments of the Company at any time (hereinafter each a "Transaction"). Transactions may, under certain circumstances, influence the respective price of the shares or other financial instruments of the Company.
In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships.
For this reason, there is a concrete conflict of interest.
The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies.
Risk notice
Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and the like on news.financial. These contents are exclusively for the information of the readers and do not represent any call to action or recommendations, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. The contents do not replace individual expert investment advice and do not constitute an offer to sell the discussed share(s) or other financial instruments, nor an invitation to buy or sell such.
The content is expressly not a financial analysis, but a journalistic or advertising text. Readers or users who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. No contractual relationship is established between Apaton Finance GmbH and its readers or the users of its offers, as our information only refers to the company and not to the investment decision of the reader or user.
The acquisition of financial instruments involves high risks, which can lead to the total loss of the invested capital. The information published by Apaton Finance GmbH and its authors is based on careful research. Nevertheless, no liability is assumed for financial losses or a content-related guarantee for the topicality, correctness, appropriateness and completeness of the content provided here. Please also note our Terms of use.
