| 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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PRODUCTEUR |
CODE : BOL.ST |
ISIN : SE0000869646 |
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Boliden Mineral est une société d’exploration minière de molybdène basée en Suede. Boliden Mineral est productrice de molybdène, d'argent, de cuivre, d'or, de plomb et de zinc en Irlande et en Suede, et détient divers projets d'exploration au Burkina Faso, au Canada, au Mexique, en Argentine, en Espagne et en Suede. Ses principaux projets en production sont BOLIDEN AREA OPERATIONS (BAO), AITIK, SKELLEFTE MINING DISTRICT et GARPENBERG en Suede et TARA MINE (NAVAN) en Irlande et ses principaux projets en exploration sont TY et PREMIER-BIG MISSOURI & MILL au Canada, LAISVALL MINE en Suede et LOS FRAILES (APIRSA) en Espagne. |