Boliden reports a profit after financial items of SEK 111 million (SEK -3,756 m) for the full year, 2002.
The profit after financial items for the fourth quarter of 2002 totalled SEK 78 million (SEK -320 m).
Cash flow improved significantly during the fourth quarter to SEK 466 million. Cash flow for 2002 totalled SEK -14 million (SEK 391 m).
The Business Area Mining Operations reports a continued improvement in profits for the fourth quarter in comparison with the first two quarters of 2002.
Boliden has entered into a definitive agreement with Lundin Mining to acquire the Neves-Corvo mine in Portugal and the Zinkgruvan mine in Sweden. The upfront cash consideration for the entities is USD 1,300 m plus contingent payments that can reach up to USD 150 m, on a cash and debt-free basis. The transaction, that considerably strengthens Boliden's mine production as well as internal zinc and copper concentrate supply, is subject to customary regulatory approvals.
"Our mine production during the quarter has been good. Just like last quarter, our Finnish smelters are producing very well." - Mikael Staffas, President and CEO.
Boliden will announce its Interim Report for the third quarter 2024 on Tuesda