Boliden hedges metal prices in conjunction with Garpenberg mine expansion
Boliden has hedged zinc, copper, lead, gold and silver metal prices to approximately one third of the Group’s metal price risk and corresponding exchange rate risk for the period of the investment in Garpenberg.The hedging which refers to 2011, 2012 and the first six months of 2013, has been effected using currency and metal market futures contracts to approximately one third of the price risk from the Group's mining and smelting operations. "On 17th January, we decided to invest SEK 3.9 billion in an expansion of the Garpenberg mine, which will result in an increase in ore production