Cost Management Success
Despite lower production, net direct cash costs were reduced by 8% year-over-year, achieving effective cost management and benefiting from higher byproduct credits.
Debt and Equity Transactions
Successfully closed debt and equity transactions to strengthen capital structure, extend note maturities, and provide a 6-year runway to navigate the current nickel price downturn.
Significant Cost Reductions
Implemented cost reductions expected to yield $20 million in annual savings, in addition to $17 million in savings from the previous year's initiatives.