BOLIDEN, Sweden, Feb. 11, 2022 /PRNewswire/ -- Revenues from
sales for the fourth quarter totaled SEK
17,755 m (16,170) and operating profit excluding revaluation
of process inventory was SEK 2,835 m
(3,043). Free cash flow totaled SEK 2,008
m (2,750).
"Despite certain incidents, it was a strong quarter. Naturally,
the development of metal prices made a positive contribution, but
we also had higher milled volumes in our mines, where both Aitik
and Kevitsa reached new production records," says Mikael Staffas,
President and CEO.
The operating profit in Boliden Mines increased to SEK 3,002 m (1,858). The improvement compared to
the previous year is due to improved prices and terms. During the
quarter, we noted new records in respect of milled volumes in Aitik
and Kevitsa. Grades that were even higher than those of the
previous year made a positive contribution in Aitik. Milled volumes
in the Boliden Area were a little lower than the previous quarter
while milled volumes in Garpenberg were higher with a 2021
full-year total of 3.1 m metric tons.
In Tara, production was affected by an increase in water
inflow.
In Boliden Smelters, operating profit excluding revaluation of
process inventory decreased to SEK
553 (1,109) m. Prices and
terms had a positive overall effect despite lower treatment charges
compared to the previous year. However, increased maintenance,
production disruptions in Harjavalta and an unfavorable raw
materials mix had a negative impact. Rönnskär's milled volume for
base metals was on par with the previous quarter. Harjavalta's
production of both copper and gold increased compared to the
previous quarter, while the production of nickel in matte declined
sharply as a result of a delayed start-up following a maintenance
shutdown and the explosion previously communicated. Zinc production
in Kokkola and Odda was stable.
For further information, please contact:
Klas Nilsson, Director Group
Communications, phone: +46 70-453 65 88, klas.nilsson@boliden.com
Boliden is a metals company with a focus on sustainable
development. Our roots are Nordic, our market global. Our core
competence lies within the fields of exploration, mining, smelting
and metal recycling. Boliden has around 6,000 employees and annual
sales of approximately SEK 70
billion. The share is listed in the Large Cap segment on
NASDAQ OMX Stockholm.
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SOURCE Boliden