Boliden: Mineral Resources and Mineral Reserves 2023
BOLIDEN AB UNSP/ADR (BDNNY)
NASDAQ:AMEX Investor Relations:
boliden.com/investor-relations
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Source: PR Newswire
STOCKHOLM, Feb. 8, 2024 /PRNewswire/ --"Increased Mineral Reserves in the Boliden Area has added equivalent to almost two years of production which is important for us. Also, exploration continues to give good results in Nautanen north of Aitik where we are working to eventually secure an environmental permit," says Stefan Romedahl, President Boliden Mines.The cost of exploration in 2023 was SEK 853 m (770).AitikIn Aitik, Liikavaara is just about to come into production. Liikavaara is a part of Aitik Mineral Resource and Mineral Reserve and will be included in the production from 2024. Exploration and evaluation are also underway at the Nautanen deposit approximately 15 km north of Aitik, which is reported separately.An improved and more specified cost model led to pit design changes and increased Mineral Reserves of 12 Mtonnes, despite mining of 41 Mtonnes in 2023. The Mineral Resource, which in the open pit involves tonnage that, with today's estimated prices and costs, lies outside
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