Boliden’s first quarter: Stable production but lower grades
Boliden’s first quarter was characterised by stable production in both Mines and Smelters. Revenues for the period totalled SEK 13,047 m (13,331) and the operating profit, excluding revaluation of process inventory, was SEK 2,048 m (2,724). The free cash flow totalled SEK -323 m (1,431) due to, amongst other things, lower result and increased investments.“The period can be summarised as a combination of high production stability and investments in growth at a number of units. The year on year decrease in volumes caused by lower grades was counterbalanced by a strong US dollar,” says Boliden’