Nickel Mines Ltd. (AU:NIC) has released an update.
Nickel Industries Limited reports a boost in June quarter EBITDA to between $75M-$80M despite operational challenges due to high rainfall, and announces a significant increase in their stake in the Excelsior Nickel Project to 44%, with plans to expedite the commissioning of the project’s nickel cathode and sulphate plants. Furthermore, the company has received approval for a share buyback program following FIRB’s nod for United Tractors’ subsidiary to increase its equity interest beyond 20%.
For further insights into AU:NIC stock, check out TipRanks’ Stock Analysis page.
