Boliden: Lower throughput due to production disruptions in Aitik

Rhea-AI Summary

Boliden AB (BOL.ST) experiences lower throughput in Aitik due to unplanned maintenance stop and unfavorable weather conditions, with estimated Q4 2023 throughput of just over 9 Mton, compared to over 11 Mton under normal conditions. Copper and gold content guidance remains unaffected.

Positive

• None.

Negative

• Lower than expected throughput in Aitik due to unplanned maintenance and unfavorable weather conditions, potential impact on production and revenue

STOCKHOLM, Nov. 29, 2023 /PRNewswire/ -- Due to an unplanned maintenance stop in one of the mill lines and unfavorable weather conditions, throughput in Aitik in the fourth quarter is expected to amount to just over 9 Mton, which is lower than what can be expected based on available information.

An unplanned maintenance stop on one out of two primary mills has occurred as a result of damage between the trunnion and feed end. Production in the affected mill line has been stopped and is expected to restart in December.

In addition, seasonal and unfavorable weather conditions in mid-November have resulted in elevated nitrogen dioxide levels in the air in Aitik. This led to restrictions on large parts of Aitik's industrial area and production was limited.

All in all, this means that Aitik's throughput during the fourth quarter of 2023 is now estimated to amount to just over 9 Mton, compared to just over 11 Mton that can be expected under more normal conditions. Guidance for copper and gold content is not affected by the above production disruptions.

For further information, please contact:

Klas Nilsson, Director Group Communications, phone: +46 70-453 65 88
klas.nilsson@boliden.com   

This information is information that Boliden AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of Director Investor Relations, at 08.00 CET on November 29, 2023.

Boliden's vision is to be the most climate-friendly and respected metal provider in the world. We are Europe's producer of sustainable metals and, guided by our values care, courage and responsibility, we operate within exploration, mines, smelters and recycling. We are more than 6,000 employees and have annual revenues of approximately SEK 85 billion. The share is listed in the Large Cap segment of NASDAQ OMX Stockholm.

The following files are available for download:

https://mb.cision.com/Main/997/3884630/2461488.pdf

Press release

 

View original content:https://www.prnewswire.com/news-releases/boliden-lower-throughput-due-to-production-disruptions-in-aitik-302000280.html

SOURCE Boliden

What is the reason for Boliden's lower throughput in Aitik in Q4 2023?

Boliden's lower throughput is due to an unplanned maintenance stop in one of the mill lines and unfavorable weather conditions, resulting in an estimated throughput of just over 9 Mton, compared to over 11 Mton under normal conditions.

Is Boliden's copper and gold content guidance affected by the production disruptions?

No, Boliden's copper and gold content guidance remains unaffected by the production disruptions.

What is Boliden's vision and annual revenues?

Boliden's vision is to be the most climate-friendly and respected metal provider in the world. They have annual revenues of approximately SEK 85 billion.

Where is Boliden's share listed?

Boliden's share is listed in the Large Cap segment of NASDAQ OMX Stockholm.