BASE METALS

Boliden stumbles in first quarter

Dwindling profits from its smelting division coupled with COVID-related production issues saw Stockholm-headquartered Boliden deliver an uninspiring set of first quarter results.

Boliden's Aitik copper mine, located just south of Gällivare in northern Sweden (photo credit: Lars deWall)

Boliden's Aitik copper mine, located just south of Gällivare in northern Sweden (photo credit: Lars deWall)

Operating profit excluding revaluation of process inventory (PIR) amounted to SEK2,449 million (US$291 million) in Q1, down 19% quarter-on-quarter and 9% below consensus. The base metals miner suffered...

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