Mining and smelting company Boliden reports strong first-quarter results, driven by higher metal prices and solid production. Abnormal seismic activity at the Garpenberg mine has caused a total production halt, set to impact volumes for the rest of the year.
Boliden recently released its interim report for the first quarter. The results are strong, thanks to higher metal prices and generally robust production across the group.
However, abnormal seismic activity at the Garpenberg mine in Dalarna has led to a complete production stoppage. This will significantly affect volumes for the remainder of the year, the report states.
Boliden CEO Mikael Staffas addresses the situation in the interim report. The Garpenberg mine is a key part of the company's operations.
