Markets

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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More