| Boliden: Q2 2014 Interim Report | |
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BOLIDEN, Sweden--(BUSINESS WIRE)-- Regulatory News: Boliden (BOL.ST) (TSX:BLS): Q2 2014 - Revenues totalled SEK 9,438 million (SEK 8,035 m)
- The operating profit totalled SEK 478 million (SEK -59 m)
- The operating profit, excluding the revaluation of process inventory, totalled SEK 374 million (SEK 370 m)
- Free cash flow totalled SEK 920 million (SEK -1,477 m)
- Earnings per share totalled SEK 1.08 (SEK -0.37)
Stable production and strong cash flow - High and stable mined production levels. Production record at Aitik. Production began at the new Garpenberg concentrator.
- Improvements in metal prices and terms had a positive impact on the profit.
- The free cash flow of SEK 920 million resulted from lower levels of tied-up working capital and lower investments.
- SEK -120 million (SEK -305 million) in costs in connection with planned maintenance shutdowns in Business Area Smelters were charged to the profit.
- An agreement to acquire a copper mine and exploration rights in Finland was entered into in early July.
Please find enclosed the full report. http://mb.cision.com/Main/997/9618645/268255.pdf The Interim Report will be presented in Stockholm and via a webcast/conference call on Friday, 18 July at 15:00 (CET). Information is available at www.boliden.com. The information provided comprises information that Boliden is obliged to present, pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. The information was released for publication on 18 July 2014 at 12.00 (CET). This information was brought to you by Cision http://news.cision.com
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Boliden Mineral AB
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PRODUCER |
CODE : BOL.ST |
ISIN : SE0000869646 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Boliden Mineral is a molybdenum exploration company based in Sweden. Boliden Mineral produces molybdenum, copper, gold, lead, silver and zinc in Ireland and in Sweden, and holds various exploration projects in Argentina, in Burkina Faso, in Canada, in Mexico, in Spain and in Sweden. Its main assets in production are BOLIDEN AREA OPERATIONS (BAO), AITIK, SKELLEFTE MINING DISTRICT and GARPENBERG in Sweden and TARA MINE (NAVAN) in Ireland and its main exploration properties are TY and PREMIER-BIG MISSOURI & MILL in Canada, LAISVALL MINE in Sweden and LOS FRAILES (APIRSA) in Spain. |