Revenues for the third quarter totaled SEK 19,396 m (19,480) and operating profit excluding revaluation of process inventory was SEK 1,940 m (3,484). Free cash flow totaled SEK -1,200 m (97).

“I am deeply impressed by how our organization has adapted to new conditions. We have a structured approach to our various challenges and deliver solid production in many of our units during the quarter. On top of that, we continue to develop our projects according to plan and budget,” says Mikael Staffas, President and CEO.

Operating profit in Boliden Mines decreased to SEK 750 m (1,964) due to lower grades and less milled volume. The costs also decreased mainly due to Tara being placed in care and maintenance. Milled volume in Aitik was affected by unplanned maintenance which, in combination with lower grades, led to a lower production of copper and gold in concentrate than both the previous quarter and last year. The Boliden Area’s milled volume was in line with the previous quarter but higher than last year thanks to stable production. Garpenberg’s milled volume was higher than both the previous quarter and last year. Rock mechanical challenges affected grades negatively. Production after the third quarter is back at previously communicated grade levels. The production in Kevitsa was stable and milled volume was higher than in both the previous quarter and last year.

In Boliden Smelters, operating profit excluding revaluation of process inventory decreased to SEK 1,303 m (1,564). Lower volumes, mainly due to the fire in Rönnskär, had a negative impact while prices and terms contributed positively. Rönnskär’s customer base has now been converted from cathode to anode customers and production has been ramped up during the quarter. see & read more on
https://www.boliden.com/media/press-releases?pressReleaseId=2166403