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FNX Reaffirms Guidance while Base Metals Dropped in Production
May. 17, 2010 06:22PM PST
Base Metals Investing
FNX Mining Company, a Diversified Canadian Nickel Company has reported that nickel sales dropped 400,000 pounds as copper sales has dropped to 50%. However, precious metals sales went up to 13,258 ounces during the Q1 of 2010.
Terry MacGibbon, FNX CEO is quoted saying:
“The first quarter results were impacted by a temporary shortfall at the Podolsky […]
FNX Mining Company, a Diversified Canadian Nickel Company has reported that nickel sales dropped 400,000 pounds as copper sales has dropped to 50%. However, precious metals sales went up to 13,258 ounces during the Q1 of 2010.
Terry MacGibbon, FNX CEO is quoted saying:
“The first quarter results were impacted by a temporary shortfall at the Podolsky Mine, however record production levels have been achieved in April and the first half of May. The commencement of initial production from the LFD remains on schedule for mid-2010 and the company is preparing for the possible resumption of primary nickel mining in the McCreedy West Mine later in 2010.”