ENXTBR:UMIChemicals
Umicore (ENXTBR:UMI) Is Up 10.3% After Unlocking €410 Million by Selling Gold Inventories—What's Changed
In October 2025, Umicore announced it had sold its permanently tied up gold inventories from its Jewelry & Industrial Metals and Precious Metals Refining business units, generating €410 million in net proceeds and a significant after-tax capital gain of €370 million.
This move enables Umicore to strengthen its balance sheet and optimize financing costs by shifting to revolving metal leases, increasing financial flexibility while maintaining operational effectiveness.
Let's explore how...