- Reuters
UPDATE 4-Miner Boliden's profit halves as strikes, bad weather weigh
Swedish miner Boliden's first-quarter operating profit fell more than 50% as bad winter weather, lower mining grades and labour strikes weighed on earnings, it said on Tuesday. Operating profit fell 52% to 1.62 billion Swedish crowns ($148.80 million) from 3.41 billion in the first quarter of 2023 and compared with the 1.55 billion crowns expected by analysts in an LSEG poll. However, its operating profit excluding the revaluation of process inventory at 1.21 billion crowns missed expectations by 11%, according to JPMorgan.
