Botnia Gold AB (publ) (BOTX) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to Investor Studios and Botnia Gold with its first quarter for 2026. You who are watching live can as always interact with management and ask questions about one and the other. We will handle your questions at the end of the presentation. With that said, Fredrik, it is my great pleasure to say hello and welcome. Thank you very much. For those of you who do not know Fredrik, Fredrik Bergsten is the CEO of Botnia Gold. And then I say, here you go, the stage is yours. Thank you very much, Carlo. We are going to look at our first quarter for 2026. A little short agenda together with a picture of our wonderful mining site in Färborg Kärn. Excuse me if I cough a little bit, it's pollen in my nose. Important events during the first quarter. The first quarter has been quite exciting for Botnia in many ways and filled with some deviations in production for the first time. But through a little agile action together with our production staff from the Berg team, we have been able to solve most of these problems. But it is not possible to assume that it has caused some cost increases and production disruptions during the quarter. But we feel safe with this now to be behind us. But as you can see here on the temperature curve from January to February, it has been quite cold. Unusually cold for the last few years in this area. This means a lot of production disturbances, both in the mine and mainly from the transports from Malmö to Björkdal during January and February. We also got a very, very high electricity price during January, February and July. We had some luck. The consumption of burning oil was enormously high. Periodically over two and a half cubic meters per day. As luck would have it, before the real worst diesel and oil prices fell, March had entered m...