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    First Nickel Announces Third Quarter Production

    Investing News Network
    Oct. 19, 2012 02:23PM PST
    Base Metals Investing

    First Nickel Inc. (TSX:FNI) announced its preliminary third quarter production numbers for the Lockerby mine in Canada.

    First Nickel Inc. (TSX:FNI) announced its preliminary third quarter production numbers for the Lockerby mine in Canada.

    As quoted in the press release:

    FNI produced approximately 2.0 million pounds of payable nickel and 1.4 million pounds of payable copper in the third quarter of 2012, an increase of 25% and 17%, respectively, over the prior quarter. Year to date, the Company has produced 4.9 million pounds of payable nickel and 3.4 million pounds of payable copper. In the third quarter of 2012, nickel production was at 80% of the full production rate forecasted for the Lockerby Mine.

    Ore production during the third quarter of 2012 was 60,060 dry metric tonnes (653 tonnes per day), or 82% of the planned full production rate of 800 tonnes per day. The third quarter ore production rate was the highest achieved at Lockerby since 2002.

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

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