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Nickel Mines Ltd. ( (AU:NIC) ) has issued an announcement.
Nickel Industries reported adjusted EBITDA of US$37.3 million from operations for the December 2025 quarter, with RKEF production and sales slightly higher but margins lower, strong margin expansion from its HNC HPAL operation, and a sharp temporary downturn in mining EBITDA due to delays in securing its 2025 mining quota (RKAB), which have since been resolved. The quarter saw key strategic milestones, including approval of a revised environmental permit (AMDAL) enabling a planned 19 million wmt sales quota for the Hengjaya Mine in 2026, progress toward first production at the ENC HPAL project targeted for late March quarter, and a notable strategic investment from Sphere Corp—an accredited SpaceX supplier—acquiring 10% of ENC with associated nickel cathode offtake, signalling confidence in ENC’s product quality, sustainability credentials and opening a first Western-market offtake channel as nickel and NPI prices trend higher into 2026.
The most recent analyst rating on (AU:NIC) stock is a Buy with a A$1.90 price target. To see the full list of analyst forecasts on Nickel Mines Ltd. stock, see the AU:NIC Stock Forecast page.
More about Nickel Mines Ltd.
Nickel Industries Limited is an ASX-listed nickel producer focused on rotary kiln electric furnace (RKEF) operations, high-pressure acid leach (HPAL) projects, and upstream nickel ore mining in Indonesia. The company holds majority interests in multiple RKEF projects (Hengjaya, Ranger, Angel and Oracle Nickel), the Hengjaya Mine, and the Siduarsi nickel resource, alongside minority stakes in the Huayue (HNC) and Excelsior (ENC) HPAL projects, and has agreed to acquire a majority stake in the Sampala nickel ore resource, positioning it as a significant supplier to the stainless steel and battery materials markets.
Average Trading Volume: 11,251,874
Technical Sentiment Signal: Buy
Current Market Cap: A$4.06B
See more insights into NIC stock on TipRanks’ Stock Analysis page.