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Australian Mincor Oct-Dec nickel output up 12%; flags Jul-Dec loss
Jan. 25, 2011 11:44AM PST
Base Metals Investing Platts.com reports that Mincor Resources (ASX:MCR) will report a loss, despite strong production numbers.
Platts.com reports that Mincor Resources (ASX:MCR) will report a loss, despite strong production numbers.
The story is quoted as saying:
But despite its nickel operations remaining “strongly cash flow positive” and recent capital investments providing a “strong platform” for future growth, Mincor said it is likely to record a loss before tax of about A$3 million ($2.97 million) for the six months to December 31.