BOLIDEN, Sweden, Oct. 24, 2017 /PRNewswire/ -- Boliden's
third quarter was characterised by extensive maintenance in Mines and production disturbances. Revenues totalled SEK 11,628 m (9,733), and operating profit, excluding revaluation of process inventory, was SEK 1,744 m (1,318). Free cash flow totalled SEK 1,715 m.
"Maintenance work in all of the mines, coupled with production disturbances, resulted in production levels falling from the
very high levels seen in the previous quarter. Garpenberg had problems with rock stability in one production area, necessitating
the extraction of ore from areas with lower grades. On the plus side, Kevitsa is continuing to perform strongly, and cash flow
was good," is how Lennart Evrell, President & CEO of Boliden, summarises the quarter.
Extensive maintenance work in Boliden's mines, coupled with production disturbances, saw production fall from the levels
achieved in a very strong second quarter. Aitik's production was limited by low crusher availability. Garpenberg's milled volume
was high in spite of the maintenance work carried out on the mills. The re-planning of production areas, however, resulted in
lower grades during the quarter. Production disturbances continued in the Boliden Area, and metal production consequently fell
from the previous quarter's levels. Kevitsa's milled volume and copper production achieved record highs.
Process disturbances at the Kokkola and Odda zinc smelters had a negative effect on production, while Rönnskär's copper and
lead production remained on par with the previous quarter, and Harjavalta's processes were stable.
For further information, please contact:
Sophie Arnius
Director Investor Relations
Tel: +46(0)8-610-15-23, +46(0)70-590-8072
Klas Nilsson
Director Group Communications
Tel: +46(0)70-453-65-88
Boliden is a metals company with a focus on sustainable development. Scandinavian roots, global market. Our core competence
lies within the fields of exploration, mining, smelting and metal recycling. Boliden has more than 5,500 employees and an annual
turnover of SEK 40 billion. The stock is listed in the Large Cap segment on NASDAQ OMX
Stockholm.
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SOURCE Boliden