Mirabela Nickel Unchanged Despite Positive Unaudited Q3 Results
Mirabela Nickel (MNB.TO) remains unchanged at $1.51 despite the company announcing positive unaudited third quarter results for the period ended 30 September 2011 today.
The highlights included: record production of nickel in concentrate for the quarter of 4,605 tonnes (up 36% from Q2 2011: 3,395 tonnes)
Record sales of nickel in concentrate for the quarter of 4,228 tonnes (up 8% from Q2 2011: 3,909 tonnes)
A 15% decrease in unit cash costs for the quarter to US$6.71/lb (Q2 2011: US$7.85/lb) and expected to continue to decrease further during the fourth quarter.
Just over 1 million shares have been traded this morning.
Mirabela Nickel hit a year low of $1.29 on October 3. It traded at $2.46 on Dec 17 last year.
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