Nickel Mines Ltd. (AU:NIC) has released an update.
Nickel Mines Ltd. reported a robust EBITDA of US$70.3M for the March quarter despite setbacks, including delays in nickel ore sales due to Indonesian authority procedures. The company achieved a record production at Hengjaya Mine, secured a sustainability accolade, and initiated trial nickel cathode sales to a major space and aeronautical firm. With an optimistic outlook, Nickel Mines Ltd. expects a strong June quarter following a return to normal operations and a favorable nickel price market.
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