The Boliden Group's earnings were strongly profitable, even though world ore prices fell. Last year's fourth quarter result was weaker than a year earlier.
In 2018, the Kevitsa mine in Sodankylä generated an operating profit of SEK 974 million, which is EUR 94.3 million. However, the entire Boliden Group's profitable result was weaker than in the previous year due to lower ore prices and lower ore production in the previous year.
Also in the Kevitsa mine in Sodankylä, there have been fewer metals in the rock than expected, says Håkan Gabrielsson, CFO of the mining company Boliden. However, according to Gabrielsson, this is a normal annual variation.
Gabrielsson says, last year, 7.6 million tons of metal-containing rock was excavated from Kevitsa. 3 million tons of new ores were found.
Boliden Kevitsa, a member of the Boliden Group, produced 27,498 tonnes of copper and 13,948 tonnes of nickel in 2018.
At the end of 2018, Boliden Kevitsa employed about 470 people.
