Interim Report, January - September 2002

•Boliden reports a profit after financial items of SEK 33 million (SEK -3,436 m) for the first nine months of 2002 despite a fall in metal prices. This corresponds to an improvement of SEK 2,847 million excluding operations that have been sold or shut down and items affecting comparability (IAC).

•The profit after financial items for Q3 2002 totalled SEK 13 million (SEK -2,813 m).

•Cash flow from operating activities was SEK -65 million for the period. During the third quarter cash flow was affected by payment in connection with prior agreements in Spain and currently lower trade payables. Cash flow is expected to improve in the fourth quarter.

•The Business Area Mining Operations reports a substantial improvement in profits for the third quarter in comparison with the first two quarters of 2002. The Rönnskär smelter's result was affected negatively in Q3 2002 by inventory price adjustments due to lower metal prices.

•The Myra Falls mine reports a profit for the third quarter, 2002.

Downloads

More press releases & news

Consequences of abnormal seismic activity at the Garpenberg mine

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.

Read more
Invitation to the Annual General Meeting of Boliden AB (publ)

The shareholders of Boliden AB (p

Read more
Boliden's capital market update: Future-focused investments in Garpenberg and Rönnskär

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.

Read more