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Nickel 28 Capital Corp ( (TSE:NKL) ) has provided an update.
Nickel 28 Capital Corp reported its Q4 and full-year 2024 operating performance for the Ramu Nickel-Cobalt operation. The company experienced a decrease in production and sales of nickel and cobalt due to a planned plant shutdown. However, with completed capital improvement projects and the expected return of the acid plant to operation by late February 2025, the company anticipates improved production rates. Despite weak nickel and cobalt prices, the company focuses on lowering costs and maintaining low corporate expenses.
More about Nickel 28 Capital Corp
Nickel 28 Capital Corp is involved in the nickel and cobalt mining industry, with a focus on the Ramu integrated operation in Papua New Guinea. The company holds an 8.56% joint-venture interest in Ramu, which is operated by the Metallurgical Corporation of China.
YTD Price Performance: 2.03%
Average Trading Volume: 18,859
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $47.38M
For detailed information about NKL stock, go to TipRanks’ Stock Analysis page.
