Boliden: Mineral Resources and Mineral Reserves 2024
Boliden has released its Mineral Resources and Mineral Reserves report for 2024, with exploration costs reaching SEK 929m. Key highlights include:
- Garpenberg showed strong performance with Mineral Reserves increasing by 5 Mtonnes (5%) and Mineral Resources up by 34 Mtonnes (38%)
- Aitik experienced a decrease in Mineral Reserves of 52 Mtonnes (5%) and Mineral Resources reduced by 35 Mtonnes (4%)
- The Boliden Area saw Mineral Reserves increase by 1 Mtonnes (7%) and Mineral Resources up by 2.5 Mtonnes (10%)
- Kevitsa reported a net increase in Mineral Reserves of 15 Mtonnes (19%) and Mineral Resources up by 15 Mtonnes (9%)
- Tara resumed production in October 2024, with ongoing work on a new production plan
The company also updated its long-term planning prices, with notable increases in copper (+$600/tonne), gold (+$200/oz), and silver (+$3/oz)
Boliden ha rilasciato il suo rapporto sulle Risorse Minerali e Riserve Minerali per il 2024, con costi di esplorazione che hanno raggiunto i 929 milioni di SEK. Tra i punti salienti:
- Garpenberg ha mostrato una forte performance con un aumento delle Riserve Minerali di 5 milioni di tonnellate (5%) e delle Risorse Minerali di 34 milioni di tonnellate (38%)
- Aitik ha registrato una diminuzione delle Riserve Minerali di 52 milioni di tonnellate (5%) e delle Risorse Minerali ridotte di 35 milioni di tonnellate (4%)
- L'Area Boliden ha visto un incremento delle Riserve Minerali di 1 milione di tonnellate (7%) e un aumento delle Risorse Minerali di 2,5 milioni di tonnellate (10%)
- Kevitsa ha riportato un aumento netto delle Riserve Minerali di 15 milioni di tonnellate (19%) e un incremento delle Risorse Minerali di 15 milioni di tonnellate (9%)
- Tara ha ripreso la produzione a ottobre 2024, con lavori in corso su un nuovo piano di produzione
La società ha anche aggiornato i suoi prezzi di pianificazione a lungo termine, con aumenti significativi nel rame (+600 $/tonnellata), oro (+200 $/oz), e argento (+3 $/oz)
Boliden ha publicado su informe de Recursos Minerales y Reservas Minerales para 2024, con costos de exploración alcanzando los 929 millones de SEK. Los aspectos destacados incluyen:
- Garpenberg mostró un rendimiento sólido con un aumento en las Reservas Minerales de 5 millones de toneladas (5%) y en los Recursos Minerales de 34 millones de toneladas (38%)
- Aitik experimentó una disminución en las Reservas Minerales de 52 millones de toneladas (5%) y en los Recursos Minerales reducidos en 35 millones de toneladas (4%)
- El Área Boliden vio un aumento en las Reservas Minerales de 1 millón de toneladas (7%) y en los Recursos Minerales de 2,5 millones de toneladas (10%)
- Kevitsa reportó un incremento neto en las Reservas Minerales de 15 millones de toneladas (19%) y un aumento en los Recursos Minerales de 15 millones de toneladas (9%)
- Tara reanudó la producción en octubre de 2024, con trabajos en curso en un nuevo plan de producción
La empresa también actualizó sus precios de planificación a largo plazo, con aumentos notables en el cobre (+600 $/tonelada), oro (+200 $/oz) y plata (+3 $/oz)
볼리덴이 2024년 광물 자원 및 광물 매장 보고서를 발표했으며, 탐사 비용은 929백만 SEK에 달했습니다. 주요 내용은 다음과 같습니다:
- 가르펜베리는 광물 매장이 5백만 톤(5%) 증가하고 광물 자원은 34백만 톤(38%) 증가하며 강력한 성과를 보였습니다.
- 아이틱은 광물 매장이 52백만 톤(5%) 감소하고 광물 자원이 35백만 톤(4%) 줄어들었습니다.
- 볼리덴 지역은 광물 매장이 1백만 톤(7%) 증가하고 광물 자원이 2.5백만 톤(10%) 증가했습니다.
- 케비차는 광물 매장이 15백만 톤(19%) 순증가하고 광물 자원도 15백만 톤(9%) 증가했습니다.
- 타라는 2024년 10월에 생산을 재개했으며, 새로운 생산 계획에 대한 작업이 진행 중입니다.
회사는 구리(+600 $/톤), 금(+200 $/온스), 은(+3 $/온스)에서 가격 계획을 업데이트했습니다.
Boliden a publié son rapport sur les Ressources et Réserves Minérales pour 2024, avec des coûts d'exploration atteignant 929 millions de SEK. Les points saillants incluent :
- Garpenberg a montré des performances solides avec une augmentation des Réserves Minérales de 5 millions de tonnes (5%) et des Ressources Minérales de 34 millions de tonnes (38%)
- Aitik a connu une diminution des Réserves Minérales de 52 millions de tonnes (5%) et des Ressources Minérales réduites de 35 millions de tonnes (4%)
- La Zone Boliden a vu ses Réserves Minérales augmenter de 1 million de tonnes (7%) et ses Ressources Minérales augmenter de 2,5 millions de tonnes (10%)
- Kevitsa a signalé une augmentation nette des Réserves Minérales de 15 millions de tonnes (19%) et une augmentation des Ressources Minérales de 15 millions de tonnes (9%)
- Tara a repris la production en octobre 2024, avec des travaux en cours sur un nouveau plan de production
L'entreprise a également mis à jour ses prix de planification à long terme, avec des augmentations notables du cuivre (+600 $/tonne), de l'or (+200 $/oz) et de l'argent (+3 $/oz)
Boliden hat seinen Bericht über Mineralressourcen und -reserven für 2024 veröffentlicht, wobei die Explorationskosten 929 Millionen SEK erreichten. Die wichtigsten Punkte sind:
- Garpenberg zeigte eine starke Leistung, wobei die Mineralreserven um 5 Millionen Tonnen (5%) und die Mineralressourcen um 34 Millionen Tonnen (38%) zunahmen.
- Aitik erlebte einen Rückgang der Mineralreserven um 52 Millionen Tonnen (5%) und einen Rückgang der Mineralressourcen um 35 Millionen Tonnen (4%).
- Im Boliden-Gebiet stiegen die Mineralreserven um 1 Million Tonnen (7%) und die Mineralressourcen um 2,5 Millionen Tonnen (10%).
- Kevitsa berichtete über einen Nettowachstums von 15 Millionen Tonnen (19%) bei den Mineralressourcen und 15 Millionen Tonnen (9%) bei den Mineralreserven.
- Tara nahm im Oktober 2024 die Produktion wieder auf und arbeitet weiterhin an einem neuen Produktionsplan.
Das Unternehmen aktualisierte auch seine langfristigen Planungspreise, mit bemerkenswerten Anstiegen bei Kupfer (+600 $/Tonne), Gold (+200 $/oz) und Silber (+3 $/oz).
- Garpenberg's Mineral Reserves increased 5% and Mineral Resources up 38%
- Boliden Area's Mineral Reserves grew 7% with Resources up 10%
- Kevitsa's Mineral Reserves increased 19% with Resources up 9%
- Tara mine resumed production in October 2024
- Aitik's Mineral Reserves decreased 5% and Resources declined 4%
- Exploration costs increased to SEK 929m from SEK 858m
- Kevitsa requires tailings dam expansion permits for continued operations
The cost of exploration in 2024 was
Liikavaara, processed in Aitik and included in Aitik's Mineral Reserves and Mineral Resources, began production in 2024. This year, there was a slight decrease in Aitik's Mineral Reserves of 52 Mtonnes (
In the Boliden Area, the total Mineral Reserves increased by 1 Mtonnes (
In Garpenberg the Mineral Reserves increased by 5 Mtonnes (
After geological and technical improvement measures in Kevitsa, an updated Mineral Resource Estimation was conducted in 2024 and the Kevitsa mine plan was recalculated. In 2023, 20 Mtonnes were downgraded from Mineral Reserves to Mineral Resources due to uncertainty in permitting regarding the tailings dam expansion. The tailings dam needs to be expanded, and a first permit application for a change of method together with a raise was submitted to the authorities in 2024. An additional application for further raising of the dam will be submitted to the authorities in 2025, providing the required capacity for the Life of Mine Plan. The work behind these permit applications enabled conversion back of the 20 Mtonnes of material, which had been downgraded to Mineral Resources in 2023. The net increase in Mineral Reserves is 15 Mtonnes (
Tara resumed production in October 2024. The existing Life of Mine Plan remains economically feasible however no new resource estimations have been made, and the Mineral Reserves and Mineral Resources are based on last year's figures, depleted by mining of 156 ktonnes in 2024. Work with a new production plan after the Care and Maintenance period is ongoing. Exploration drilling restarted in the end of 2024.
Mineral Resources and Mineral Reserves are estimated separately and divided into different categories. Conditions in the form of costs and metal prices are established at the beginning of the year and used in all calculations made during the year. Boliden's Mineral Resources are exclusive of Mineral Reserves. When a Mineral Resource is converted to a Mineral Reserve, the quantity is removed from the Mineral Resource.
Boliden follows the recommendations of the Swedish Mining Association (SveMin) for reporting exploration results, Mineral Resources and Mineral Reserves and report according to the Pan-European Reserves and Resources Reporting Committee (PERC). The PERC standard has clear requirements for documentation and the Competent Persons, who must evaluate the information that companies report. All summarizing reports for Mineral Resources and Mineral Reserves per project and mine available on the Boliden website, are reviewed and approved by the Competent Persons presented in the respective report. This summary of Mineral Resources and Mineral Reserves has been reviewed and approved by Sofia Höglund, Head of Mineral Resources and Project Evaluation, Boliden and Competent Person for reporting of Mineral Resources and Mineral Reserves and member of The Fennoscandian Association for Metals and Minerals Professionals (FAMMP), a Recognized Professional Organization according to PERC.
Planning prices | Long-term prices 2024 | Change compared to 2023 |
Metal prices | ||
Zinc, USD/tonne | 2,800 | - |
Copper, USD/tonne | 8,400 | +600 |
Nickel, USD/tonne | 20,000 | - |
Lead, USD/tonne | 2,000 | - |
Gold, USD/oz | 1,600 | +200 |
Silver, USD/oz | 23 | +3 |
Palladium, USD/oz | 1,000 | -300 |
Platinum, USD/oz | 1,000 | +100 |
Cobalt, USD/lb | 20 | - |
Tellurium, USD/kg | 35 | - |
Molybdenum, USD/lb | 8 | - |
Treatment Charges (TC) and Refining Charges (RC) | ||
Copper concentrate TC, USD/dmt | 80 | - |
Copper concentrate RC, USc/lb | 8.0 | - |
Zinc concentrate TC, flat, USD/dmt | 230 | - |
Lead concentrate TC, flat, USD/dmt | 190 | - |
Nickel concentrate TC, USD/dmt | 190 | - |
Nickel concentrate RC, USD/lb | 1.00 | - |
Exchange rates | ||
USD/SEK | 9.00 | - |
EUR/SEK | 9.90 | - |
EUR/USD | 1.10 | - |
For further information, please contact:
Klas Nilsson
Director Group Communications
+46 (0)70-453 65 88
klas.nilsson@boliden.com
This information is information that Boliden AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of Director Communications, at 07:47 CET on February 6, 2025.
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/boliden/r/boliden--mineral-resources-and-mineral-reserves-2024,c4101029
The following files are available for download:
Press release Mineral Resources and Mineral Reserves 2024 | |
https://mb.cision.com/Public/997/4101029/815414ab864898f5.pdf | Appendix Mineral Resources and Mineral Reserves 2024 |
View original content:https://www.prnewswire.com/news-releases/boliden-mineral-resources-and-mineral-reserves-2024-302369822.html
SOURCE Boliden
FAQ
What are the changes in Boliden's (BDNNY) Mineral Reserves at Garpenberg in 2024?
How much did Boliden's (BDNNY) exploration costs increase in 2024?
What happened to Boliden's (BDNNY) Aitik mine reserves in 2024?
When did Boliden's (BDNNY) Tara mine resume production?
What are the changes in metal prices for Boliden's (BDNNY) 2024 planning?
