| Boliden: Boliden’s Q2: High Production and Strong Cash Flow | |
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BOLIDEN, Sweden--(BUSINESS WIRE)-- Regulatory News: Boliden (BOL.ST) (TSX:BLS) Boliden’s revenues increased to SEK 9,438 million (SEK 8,035 m) during the quarter, and the operating profit, excluding the revaluation of process inventory, totalled SEK 374 million (SEK 370 m). The quarter was characterised by stable production, higher metal prices and a strong cash flow. “The last quarter was a good one for Boliden, with record production levels at Aitik and production further boosted by Garpenberg’s new facility. Production by Business Area Smelters was stable, given the maintenance shutdowns during the quarter, and the action plan at Rönnskär is continuing to yield good results. The high production levels did, however, generate increased costs, and rising metal prices resulted in internal profits that have not, as yet, been realised within the consolidated profit,” says Boliden’s President & CEO, Lennart Evrell. The positive production trend at the Aitik mine continued during the quarter, with a milled tonnage volume of just over 10 million tonnes – the highest ever for a single quarter. Boliden Mines’ results were boosted by the Garpenberg mine’s volumes, but impacted by increased depreciation. Production by Boliden Smelters was stable and the maintenance shutdowns went better than planned. The shutdowns did result in a fall in smelter production and higher costs in comparison with the previous quarter, but this was compensated for by improvements in prices, TC/RC and exchange rates. |
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Boliden Mineral AB
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PRODUCER |
CODE : BOL.ST |
ISIN : SE0000869646 |
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Boliden Mineral is a molybdenum exploration company based in Sweden. Boliden Mineral produces molybdenum, copper, gold, lead, silver and zinc in Ireland and in Sweden, and holds various exploration projects in Argentina, in Burkina Faso, in Canada, in Mexico, in Spain and in Sweden. Its main assets in production are BOLIDEN AREA OPERATIONS (BAO), AITIK, SKELLEFTE MINING DISTRICT and GARPENBERG in Sweden and TARA MINE (NAVAN) in Ireland and its main exploration properties are TY and PREMIER-BIG MISSOURI & MILL in Canada, LAISVALL MINE in Sweden and LOS FRAILES (APIRSA) in Spain. |