Australian Mincor Oct-Dec nickel output up 12%; flags Jul-Dec loss

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.

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