The following is excerpted from the question-and-answer section of the transcript.
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Question: Viktor Trollsten - Danske Bank A/S, Research Division - Analyst
: Firstly, on grades in the Boliden Area, (inaudible) where we have seen a bit lower grades in terms of zinc this quarter and also the last, is this sort
of according to plan? And how should we think about that grades going forward?
Question: Viktor Trollsten - Danske Bank A/S, Research Division - Analyst
: Yes. Okay. No, that's clear. And then maybe on just how we should think about working capital from here, given, call it, the balance that we Mine
some and Smelters now, would we expect similar seasonal patterns as we see historically now? Or will -- is it possible that you tie more working
capital in the second half?
Question: Viktor Trollsten - Danske Bank A/S, Research Division - Analyst
: Okay. No, that's helpful. And then, if I may, on by-products and premiums going down, how does that look into Q3, will that be an additional
headwind? Or are we more on stable levels now?
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JULY 20, 2023 / 7:30AM, BOL.ST - Q2 2023 Boliden AB Earnings Call
Question: Viktor Trollsten - Danske Bank A/S, Research Division - Analyst
: Okay. So we could see some additional headwind from that perspective?
Question: Viktor Trollsten - Danske Bank A/S, Research Division - Analyst
: Yes. Okay. And then finally, just to try maybe to push you a bit more on (inaudible) and the production loss of SEK 200 million. You touched upon
this, but unknown sales ramping up in Q3 and obviously, depending on how we think about the profitability level, I must say I have a hard time
seeing that it will do a negative impact sequentially from the SEK 200 million. Is that completely off?
Question: Richard James Hatch - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst
: Just a few questions on grades to start with. If I kind of look at the grades of what you've been doing at Garpenberg guidance this year is 3.6%
reserve statements, anywhere between 3.1% and 3.5%. Over what kind of time period do you think that we move towards that level? And then
the same gauge for Kevitsa, but the other way around, you're mining at 0.25% copper [grade] reserve statement (inaudible) at 0.33% copper
[approved] and 0.38% probable. So when are we going to see that grade sort of reversion for Garpenberg and then improvement for Kevitsa,
please?
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JULY 20, 2023 / 7:30AM, BOL.ST - Q2 2023 Boliden AB Earnings Call
Question: Richard James Hatch - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst
: Okay. And then just on Kevitsa, perhaps I can just push you a bit on it. I mean -- so forgive me if I missed this, but so are you now undertaking
geotech drilling to just kind of get a better understanding of the ore body and your ability to access those areas.
Question: Richard James Hatch - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst
: Okay. Do you think that might mean that you have to ease the slope angle there?
Question: Richard James Hatch - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst
: Okay. Right. And then sorry, just last one on R÷nnskSr. I think we're all trying to kind of get at it from the same -- from different angles. But perhaps
if you might be able to help me in any way, shape or form on just any kind of margin differential between (inaudible) and the cathodes that you
were previously selling just so we can kind of try and get a handle on what the EBIT impact might be once you go through this period, rebuilding.
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JULY 20, 2023 / 7:30AM, BOL.ST - Q2 2023 Boliden AB Earnings Call
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