Price hedging

Boliden's current hedgings for metals and currencies as of 2011-09-30.

As of September 30, 2011 2011 2012 2013 2014 2015 2016 2017
Metals              
Zinc, hedged volume (ton) 29,550 125,400 62,250        
Forward price, USD/ton 2,402 2,230 2,125        
Market value, SEK m 112 282 77        
   
Copper, hedged volume (ton) 7,425 27,600 14,100        
Forward price, USD/ton 9,664 9,080 8,746        
Market value, SEK m 136 382 160        
   
Lead, hedged volume (ton) 5,175 23,100 11,400        
Forward price, USD/ton 2,595 2,324 2,219        
Market value, SEK m 22 49 13        
   
Silver, hedged volume (troy oz) 633 2,940 1,524        
Forward price, USD/troy oz 28.97 28.45 27.12        
Market value, SEK m -7 -41 -35        
   
Gold, hedged volume (troy oz) 11,100 72,420 58,200 38,400 48,600 47,000 29,000
Forward price, USD/troy oz 1,372 1,376 1,387 1,455 1,491 1,487 1,490
Market value, SEK m -20 -129 -102 -51 -55 -55 -33
Market value, total SEK m 243 543 113 -51 -55 -55 -33
   
Currencies              
USD/SEK, hedged volume (MUSD) 130 531 293 56 72 70 43
Forward price, USD/SEK 6.71 6.79 6.76 6.83 6.78 6.77 6.77
Market value, SEK m -23 -71 -63 -13 -25 -24 -15
   
EUR/USD, hedged volume (MUSD) 51 197 91        
Forward price, EUR/USD 1.34 1.35 1.35        
Market value, SEK m 2 -2 -2        
   
USD/NOK, hedged volume (MUSD) 9 39 18        
Forward price, USD/NOK 5.94 5.95 6.03        
Market value, SEK m 1 2 1        
Market value, total SEK m -20 -71 -64        
   
The currency future contracts are shown nominally in MUSD and corresponds to the hedged US dollar income via the metals futures contracts shown above (sold volume x future prices in USD).

 

 

 

In cooperation with Alert IR