Australia's Nickel Mines jumps to all-time high on quarterly nickel production

Val-dOr Mining

25/01/2021 03:03

** Shares of Nickel Mines  NIC.AX  rise as much as 7.34% to
a record high of A$1.395  
    ** Co reported Rotary Kiln Electric Furnace (RKEF) quarterly
production of 11,527 tonnes nickel metal (100% basis), up 7.7%
from the previous quarter  urn:newsml:reuters.com:*:nASX781KtW
    ** The nickel miner posted RKEF sales of $158.8 mln in the
Dec. quarter, compared to $136.2 mln in the September quarter
    ** Co says Nickel pig iron (NPI) pricing increased across
the quarter and that the weighted contract price received in the
quarter was 23.4% up from the previous quarter. 
    ** Stock posts its biggest intraday pct gain since Jan. 7
    ** Stock has risen 17.2% this year as of last close

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))