Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Precious Metal»Boliden gains from higher metal prices, says it can handle tougher times
    Precious Metal

    Boliden gains from higher metal prices, says it can handle tougher times

    April 23, 20252 Mins Read


    Swedish miner Boliden reported first-quarter earnings above market estimates on Wednesday, helped by higher metal prices and stronger U.S. dollar, but warned that trend had reversed since the start of April.

    The company, which operates seven mines and five smelters in the Nordic region, Ireland and Portugal, said its operating profit nearly doubled to 3.06 billion Swedish crowns ($319.3 million) in the quarter. That beat analysts’ average forecast of 2.59 billion crowns in an LSEG poll.

    Boliden, which mines base metals such as copper and zinc, as well as gold and silver, does not have any direct mining or smelting operations in the United States and said the impact of the announced global tariffs had so far been limited.

    “But the big effect on us is the indirect effect,” CEO Mikael Staffas said in an interview with Reuters.

    Global metal prices and currencies have fluctuated more than usual after the end of the first quarter, resulting in deteriorating base metal prices and a weaker dollar, Staffas said in the earnings statement, adding strong precious metal prices had only partially offset those effects.

    Copper prices are still at a better level than a year ago, and Boliden is positioned to operate smoothly even if the conditions worsen, he told Reuters.

    JPMorgan analysts said in a research note that given the company’s higher capital expenditure plans and headwinds like weaker prices, currency effects and scheduled smelter maintenance, they saw a “significant downside” to consensus estimates for second-quarter operating earnings.

    Boliden raised its capital expenditure forecast to 15.5 billion crowns this year, instead of the previously targeted 14 billion, reflecting the recently closed acquisition of the Somincor mine in Portugal and the Zinkgruvan mine in Sweden from Lundin Mining.

    Its share price was broadly unchanged as of 0830 GMT.

    ($1 = 9.5837 Swedish crowns)

    (Reporting by Agnieszka Olenska and Izabela Niemiec in Gdansk, editing by Milla Nissi)





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Astonishing number of gold medals trans athletes have ‘stolen’ from biological women revealed in new report

    Precious Metal

    Copper price collapses by 20% as US excludes refined metal from tariffs

    Precious Metal

    Silver and Blood Tier List: Full Character Roster Ranked

    Precious Metal

    One foot over the verge

    Precious Metal

    Incredible upset as 150-1 pacemaker Qirat wins Sussex Stakes with Field Of Gold only fourth

    Precious Metal

    A Stepwise Guide for All Kinds of Investors

    Precious Metal
    Leave A Reply Cancel Reply

    Top Picks
    Commodities

    Review meeting on agricultural mechanisation schemes held in Coimbatore

    Cryptocurrency

    BRICS members call for independent payment methods

    Commodities

    Commodity Roundup: Oil prices ease as focus turns to Fed, OPEC meeting (Commodity:CO1:COM)

    Editors Picks

    Bitcoin Price & Historical Charts: Is It Time To Buy Or Sell?

    April 19, 2025

    EPI, wero… pourquoi les initiatives de paiements européennes peinent à décoller

    June 30, 2025

    Profitable Altcoins to Buy Now Before the US Election—If You Like Money!

    October 18, 2024

    Why Did Tony Bennett Retire? UVA Basketball Coach Explains Decision

    October 19, 2024
    What's Hot

    A Fintech Pioneer Revolutionizing International Money Transfers

    August 10, 2024

    Scientists find Earth’s largest gold deposit

    June 7, 2025

    How to Make Your Cryptocurrency In 10 Minutes

    July 29, 2025
    Our Picks

    India’s female agricultural labour force has swelled – invisibly

    June 23, 2025

    Egypt confirms over 6 months of strategic supply for basic commodities amid regional tensions

    June 16, 2025

    Malgré Trump, Poutine et les guerres au Proche-Orient, les prix de l’énergie sont étonnamment attendus à la baisse dans les prochains mois

    July 6, 2025
    Weekly Top

    This High-Yield Dividend Stock Just Slashed Its Payout. Is It Time to Sell Now?

    July 30, 2025

    Astonishing number of gold medals trans athletes have ‘stolen’ from biological women revealed in new report

    July 30, 2025

    Original lead singer of iconic metal band dies at 69

    July 30, 2025
    Editor's Pick

    Charter Hall Retail REIT va procéder à l’acquisition forcée des titres restants de Hotel Property Investments -Le 18 février 2025 à 06:47

    February 17, 2025

    Reduce dependence on only equities: Stagger your investments in multi-asset funds – Money News

    July 15, 2024

    The Undertaker – ‘Brock Lesnar Was Pedal To The Metal’

    October 11, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.