BOLIDEN AB UNSP/ADR - BDNNY STOCK NEWS

Boliden has published its 2023 report on payments to government agencies in accordance with Swedish Law (2015:812). The report includes payments made to government agencies in Sweden, Finland, and Ireland related to Boliden's extractive industry operations. The release was made public as required by the Securities Markets Act, with information submitted at 11.00 CEST on June 20, 2024. For more details, contact Klas Nilsson, Director of Group Communications.

An agreement has been reached to reopen the Tara mine in a more financially sustainable manner after being put in care and maintenance in July 2023. The agreement includes an optimized mining plan, organizational redesign, and reduction in employees to improve productivity and reduce costs. Despite one-off restructuring costs negatively impacting the second quarter of 2024, the mine is expected to resume full production by January 2025.

Boliden has received confirmation that the primary insurance company will fully cover the insurance claim for Rönnskär's tank house fire, resulting in an income of SEK 2.4 billion for the second quarter of 2024. The total insurance coverage for Rönnskär was SEK 3.4 billion, with a primary insurance limit of SEK 2.4 billion and an excess insurance of SEK 1 billion. Discussions on the payment plan are ongoing.

Boliden, a leading mining and metals company, has integrated climate goals validated by the Science Based Targets initiative into its existing credit facilities agreement. The agreement now includes sustainability targets for emission reductions by 2030, aligning with Boliden's vision to be a climate-friendly metal provider.

Boliden to announce its Interim Report for the first quarter 2024 on April 23, 2024. The report will be presented by Boliden's President and CEO Mikael Staffas and CFO Håkan Gabrielsson. Participation in the webcast and telephone conference is available. Contact details provided for further information.

Boliden faces challenges due to political strikes affecting critical infrastructure in Finland, impacting production and profits. The strikes may lead to an estimated SEK 500 million reduction in operating profit for the first quarter of 2024, with a significant cash flow impact. Despite the setbacks, Boliden remains committed to sustainability and aims to be a leading metal provider globally.

Boliden AB (BDNNY) has announced its Annual General Meeting scheduled for April 23, 2024. Shareholders can participate in person or by postal voting. The proposed agenda includes resolutions on dividends, Board members, auditors, and remuneration.

Boliden announces a SEK 4.8 billion investment in a new tank house at Rönnskär to increase copper cathodes and precious metals production. Additional investments in extending the Boliden Area's lifespan and updated guidance for 2024 are also highlighted. A technical breakthrough in producing supplementary cementitious material with a low climate footprint and the launch of Low-Carbon Nickel further enhance Boliden's sustainability efforts.

A political strike in Finland indirectly impacts Boliden, leading to an estimated SEK 300 million negative effect on operating profit in the first quarter of 2024. Boliden aims to minimize customer impact with SEK 200 million due to delayed deliveries expected to be recovered in the second quarter. The strike may cause a SEK 500 million negative cash flow impact in Q1.