Boliden hedges its silver production

Boliden hedges its silver production

 Boliden has hedged 70 percent of its planned mined silver production for
 2004  at  a price of USD 6.3250/oz. The motive for hedging part  of  the
 silver  production is that the current price level, which is the highest
 for six years, is well above Boliden's planning prices.

 Since the beginning of 2004 the silver price has risen by 10.45 percent.
 During  2003,  the price jumped by 24.6 percent. During the  same  year,
 Boliden's mines yielded 272.1 tonnes of silver.

 Boliden  has  already hedged part of its gold production  for  2004  and
 2005.  Boliden's exposure to metal price changes continues to  be  large
 since the hedged gold and silver production comprises a limited part  of
 its total metal output and turnover.

For further information, please contact:
Jan Johansson, President and CEO, telephone +46 8 610 1602, + 46 70 555
02 02
Ulf Söderström, Senior VP Group Communications, telephone +46 8 610 15
57, +46 70 618 95 95

Boliden is one of the leading mining and smelting companies in the world
with operations in Sweden, Finland, Norway, Ireland and Canada.
Boliden's main products are copper, zinc, lead, gold and silver.
Exploration and Recycling of Base Metals are also important within the
company. The number of employees is approximately 4 800 and the turnover
amounts to approximately EUR 1.6 billion annually.
The Boliden share is quoted on the Stockholm Stock Exchange in Sweden as
well as on the Toronto Stock Exchange in Canada.

                                                          www.boliden.com