Boliden Reports Profit Jump on Metal Prices
Swedish miner Boliden reported a 77 percent jump in third quarter adjusted operating profit as higher copper and zinc prices offset operational disruptions and rising costs. CEO Mikael Staffas noted a growing consensus for a higher copper price floor.
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BOLIDEN AB posted a 77% increase in third-quarter adjusted operating profit to 4.90 billion Swedish crowns ($494.4 million) on Thursday, driven by surging metal prices. The Sweden-based miner surpassed the 2.75 billion crowns reported a year earlier. Higher global market valuations for Copper offset rising operational costs and supply disruptions across key facilities.
