First Nickel Announces Lockerby Nickel Production Numbers for the Fourth Quarter

First Nickel Inc. (TSX:FNI) has just announced its preliminary fourth quarter numbers and the full 2012 payable metal production for its Lockerby mine located in Sudbury, Ontario.

As quoted in the press release:

Fourth quarter production was primarily impacted by two factors:

  1. November nickel production of approximately 310,000 pounds was approximately 35% of the planned production rate. The shortfall was primarily the result of slower than planned development preparation of two ore sources. Both of these sources produced ore as expected during the subsequent month of December.
  2. December nickel production was approximately 65% of the planned production rate as a result of unplanned rehabilitation work at a main ramp intersection which was completed in 2008. Five days of rehabilitation work was required, during which time ore production and development were suspended since the intersection was located above current production levels. The rehabilitation work was completed, and operations recommenced on December 29th.

Click here to read the full First Nickel Inc. (TSX:FNI) press release.

Get the Latest Nickel Investing Stock Information

Get the latest information about companies associated with Nickel Investing delivered directly to your inbox.


Select All Select None

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Comments

Leave a Reply