Boliden’s first quarter: High metal prices but substantial cost inflation
Revenues for the first quarter amounted to SEK 21,812 m (17,083) and operating profit, excluding revaluation of process inventory, totaled SEK 4,466 m (2,449). Free cash flow totaled SEK 674 m (2,165).“A strong quarter, with metal prices that remained high. Production was in general good with increased milled volumes at our mines and stable production at our smelters,” says Mikael Staffas, President and CEO. The operating profit at Boliden Mines increased to SEK 3,115 m (1,631) due to improved metal prices and a stronger USD, while volumes had a negative impact. Costs increased as a