Boliden sets extra dividend as metal price rise buoys profits
Swedish mining and smelting group Boliden unveiled an extra payout to shareholders on Friday as higher metal prices and record milled volumes at some of its main mines lifted earnings.
The company said in a statement it was proposing an extra payment to shareholders of 15.50 Swedish crowns ($1.66) per share, in addition to an ordinary dividend of 10.50 crowns per share, a sharp rise on last year.
The payout compared to a year ago extra payment of 6.00 crowns per share and ordinary dividend of 8.25 crowns per share.
Operating profit in the fourth quarter rose to 3.214-billion Swedish crowns ($345-million) from a year-ago 3.077-billion on the back of positive revaluation of process inventories against the backdrop of stronger metal prices.
Boliden, which produces base metals such as copper, nickel and zinc, contended with increased maintenance and production disruptions at Harjavalta plant in Finland in the quarter.
"Despite certain incidents, it was a strong quarter. Naturally, the development of metal prices made a positive contribution, but we also had higher milled volumes in our mines, where both Aitik and Kevitsa reached new production records," CEO Mikael Staffas said.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation