Financial Information from Boliden during Year 2004

Financial Information from Boliden during Year 2004

Boliden AB will release the Full Year Report for 2003 on Tuesday,
February 10, 2004 at approximately 9.30 CET instead of February 6 as
previously announced. The change is due to coordination with the release
date of Outokumpu's Full Year Report.

              
 10 February   Full Year Report 2003
              
 26 April      Interim Report January-March 2004
              
 26 April      Annual General Meeting
              
 5 August      Interim Report January-June 2004
                           
 26 October    Interim Report January-September 2004

For further information, please contact:

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

More press releases & news

The abnormally high seismic activity in Garpenberg has decreased and mining production at low levels will commence in the second quarter. The first quarter throughput was just under 0.8 Mton instead of the expected slightly over 0.9 Mton at already communicated grades. All inspections are not yet complete but production in the most affected part of the mine is not expected to resume in 2026. Until further notice, Garpenberg's production is therefore estimated to be around 30 percent of the guided capacity of 3.7 Mton per year. For the first quarter of 2026, EBITDA will be negatively affected by approximately SEK -400 million at today's prices and terms.

The shareholders of Boliden AB (p

Boliden has decided to invest in a new hoist system at Garpenberg and an industrial demonstration plant for the production of supplementary cementitious material at Rönnskär. The investments, which amount to SEK 4 billion and SEK 1.5 billion respectively, will strengthen the earnings capacity of both units and lay the foundation for exploiting further future opportunities.