Felsic volcanic rocks (c. 1.91–1.89 Ga) and interlayered limestone, hosting Zn–Pb–Ag ± Cu ± Au ± Fe sulphide and Fe oxide deposits, characterize the Bergslagen lithotectonic unit, Svecokarelian orogen, south-central Sweden. Three sulphide mines are currently in operation. Siliciclastic sedimentary rocks stratigraphically envelop this volcanic succession and all the rocks are intruded by a dominant calc-alkaline, c. 1.91–1.87 Ga plutonic suite. Fabric development associated with folding and localized shear deformation followed at c. 1.87–1.86 Ga (D₁) and was succeeded by strongly partitioned strain (D₂). Dextral transpression along steeply dipping, WNW–ESE or NW–SE shear zones prevailed in the northern and southern domains, whereas major folding with east to northeasterly axial surface traces and shearing along limbs occurred in the central domain. Open folding (D₃) subsequently affected the western areas. Polyphase metamorphism under low-pressure and variable temperature conditions included anatexis at c. 1.86 Ga (M₁) and 1.84–1.80 Ga (M₂). More alkali–calcic magmatic activity, combined with the emplacement of anatectic granite and pegmatite, overlapped and succeeded the M₁ and M₂ migmatization events at c. 1.87–1.83 Ga and c. 1.82–1.75 Ga, respectively. The younger granites are genetically linked in part to W skarn deposits and host Mo sulphide mineralization. Switching between retreating and advancing subduction systems during three separate tectonic cycles along a convergent, active continental plate margin is inferred.