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    BOL   SE0012455673

BOLIDEN AB

(BOL)
Delayed Nasdaq Stockholm  -  05:38 2021-06-03 am EDT
344.40 SEK   -0.69%
07/21TRANSCRIPT : Boliden AB, Q2 2022 Earnings Call, Jul 21, 2022
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07/21BOLIDEN'S SECOND QUARTER : Strong results despite extensive maintenance shutdowns
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07/21Q2 Interim Report 2022
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Production in Tara partially resumed

12/10/2021 | 02:01am EDT

Production in the Tara mine has now been partially resumed and production will increase gradually as more production areas can be restored. The total impact on operating profit in Business Area Mines in the fourth quarter of 2021 is preliminarily estimated at approximately SEK 250 million

An increased inflow of groundwater to the mine occurred in connection with the drilling of a pilot borehole to the Tara Deep exploration drift and production was stopped for safety reasons. The inflow of water was stopped after successful efforts and production has now been partially resumed.

The total impact on operating profit in Business Area Mines is preliminarily estimated at SEK 250 million in the fourth quarter of 2021. The amount includes the costs of stopping the inflow of water and restoring critical mining infrastructure, depreciation of destroyed assets as well as loss of revenue. 

Production will also be affected during the first half of 2022. Exactly how much is still too early to estimate. Full access to the Tara Deep drift for further exploration will not come until the second half of 2022.

Business Area Smelters will not be affected.


For further information, please contact:
Klas Nilsson, Director Group Communications, phone: +46 70-453 65 88
Mail: klas.nilsson@boliden.com

Boliden is a metals company with a focus on sustainable development. Our roots are Nordic, our market global. Our core competence lies within the fields of exploration, mining, smelting and metal recycling. Boliden has around 6,000 employees and an annual turnover of SEK 60 billion. The share is listed in the Large Cap segment on NASDAQ OMX Stockholm.

https://news.cision.com/boliden/r/production-in-tara-partially-resumed,c3469373

https://mb.cision.com/Main/997/3469373/1508011.pdf

(c) 2021 Cision. All rights reserved., source Press Releases - English

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Managers and Directors
Mikael Staffas President & Chief Executive Officer
Hňkan Gabrielsson Chief Financial Officer
Anders Gerhard Ullberg Chairman
Gustaf Michael L÷w Independent Director
Elisabeth Nilsson Independent Director