Profits down as zinc and copper prices continued to fall
Q4 2008� Revenues totalled SEK 6,287 million (SEK 7,290 m).� The operating profit was SEK -491 million (SEK 590 m). This includes a revaluation of the smelters' process stocks totalling SEK -702 million (SEK -277 m).� Earnings per share totalled SEK -1.65 (SEK 1.33). � Zinc and copper prices fell in USD by 33 per cent and 49 per cent, respectively, from the previous quarter, and by 55 per cent and 46 per cent from Q4 2007. � The free cash flow totalled SEK -534 million (SEK -418 m).� Cutbacks in the smelters' zinc production.Full year 2008� Revenues totalled SEK 30,987 million (SEK 33,204 m)..� The operating profit was SEK 1,004 million (SEK 5,428 m).� Earnings per share totalled SEK 3.42 (SEK 13.37).� Free cash flow totalled SEK 837 million (SEK 1,212 m).� The Board of Directors proposes that the Annual General Meeting approve payment of a dividend of SEK 1 (SEK 4) per share.Important events after the fourth quarter� USD/SEK exposure currency hedged for previously price hedged mine production. � Cutbacks in smelters' copper productionContact persons for information:Lennart Evrell, President & CEO Tel (exchange): +46 8 610 15 00 Carina W�ng, Acting CFO Tel (exchange):+46 8 610 15 00Stefan Lundewall, Acting IR contact Tel: +46 70 208 32 13 See attached the complete Full year Report
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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.