Boliden AB (BOL) Q4 2025 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Boliden Ab.

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.296 Ladies and gentlemen, I'd like to welcome you to Boliden's Q4 2025 results 00:00:05.296 -- 00:00:07.296 presentation. 00:00:07.439 -- 00:00:11.423 My name is Olof Ligamark, and I'm head of investor relations. 00:00:11.423 -- 00:00:17.108 Today we will have a results presentation led by our president and CEO, Mikael Staffas, 00:00:17.108 -- 00:00:22.174 and our CFO, Håkan Gabrielsson. We will also have a Q&A session, which we 00:00:22.174 -- 00:00:25.197 will start here in Stockholm. 00:00:25.197 -- 00:00:27.790 Mikael, the stage is yours. Welcome. 00:00:27.790 -- 00:00:32.518 Thank you, Olof, and good morning to everybody from me as well. 00:00:32.518 -- 00:00:34.822 We in Stockholm had a very crispy morning. 00:00:34.822 -- 00:00:38.868 When I woke up this morning, it said minus 15 00:00:38.868 -- 00:00:41.329 degrees outside 00:00:41.472 -- 00:00:44.093 of my bedroom window. 00:00:44.277 -- 00:00:49.562 Today, we will give the presentation of the Q report, 00:00:49.562 -- 00:00:54.647 and we will also touch on the R&R statement update that we've also issued 00:00:54.647 -- 00:00:59.450 this morning. So generally speaking, for Q4, 00:00:59.532 -- 00:01:02.915 there's been a very strong metal price development. 00:01:02.915 -- 00:01:07.780 Everybody knows about this, and of course, precious metals has been really rallying during 00:01:07.780 -- 00:01:09.742 the quarter. 00:01:09.742 -- 00:01:14.748 At the same time, we've had a negative development on prices and terms, 00:01:14.748 -- 00:01:19.622 but that has in relationship, of course, a much smaller movement. 00:01:21.402 -- 00:01:24.527 We have a continued strong mine production in Itik. 00:01:24.527 -- 00:01:28.313 We have been stripping very, very hard for quite some time. 00...