Nickel 28 Capital Corp (TSE:NKL) has released an update.
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Nickel 28 Capital Corp. reported its Ramu operation in Papua New Guinea produced 8,282 tonnes of contained nickel and 767 tonnes of contained cobalt in Q1 2024, slightly down from the previous year, amidst a market with decreased nickel and cobalt prices. The company’s interim CEO, Christopher Wallace, highlighted the operation’s resilience with reduced production costs and reaffirmed the full-year production and cost guidance. Wallace also noted upcoming capital projects expected to impact production later in the year.
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