Nickel Mines Ltd. ( (AU:NIC) ) has shared an update.
Nickel Industries Limited announced an expected 20% increase in EBITDA for the March 2025 quarter, despite challenges from heavy rainfall and flooding. The company’s operations, including the Hengjaya Mine and Oracle RKEF, demonstrated resilience, with the mine delivering significantly higher output than the previous year. Temporary halts in operations due to flooding were managed without significant damage or repair costs, and efforts are underway to upgrade stormwater systems to prevent future disruptions.
More about Nickel Mines Ltd.
Nickel Industries Limited is an ASX-listed company with a portfolio of mining and low-cost downstream nickel processing assets in Indonesia. It has controlling interests in the Hengjaya Mine and four rotary kiln electric furnace projects producing nickel pig iron for the stainless-steel industry. The company is transitioning to focus on the electric vehicle battery supply chain, with investments in projects like the Huayue Nickel Cobalt HPAL and Excelsior Nickel Cobalt, aiming to diversify production and reduce carbon emissions.
YTD Price Performance: -22.22%
Average Trading Volume: 10,743,105
Technical Sentiment Signal: Buy
Current Market Cap: A$2.69B
For detailed information about NIC stock, go to TipRanks’ Stock Analysis page.