Boliden Reports Stronger-Than-Expected Earnings in Third Quarter
October 22, 2024
Swedish mining group Boliden reported a stronger-than-expected rise in core earnings for the third quarter, citing solid production and improving metal prices. Boliden's third-quarter operating profit, excluding the revaluation of process inventory, reached 3.0 billion Swedish crowns ($274.3 million), up from 1.9 billion crowns during the same period last year.
The result came in above the consensus expectation of 2.3 billion Swedish crowns, according to company-provided estimates. Boliden attributed the earnings growth to stable production levels and favorable shifts in metals prices over the quarter.
