MIrabela Nickel Increases Loss in 2011 to A$50 Million

Base Metals Investing

Mineweb reported Mirabela Nickel (TSX:MNB,ASX:MBN) said it lost A$50.7 million in 2011, more than it lost in 2010.

Mineweb reported Mirabela Nickel (TSX:MNB,ASX:MBN) said it lost A$50.7 million in 2011, more than it lost in 2010.

As quoted in the market news:

The miner said that the loss for the full year was driven by the cost of sales, which reached A$272.29-million during the year. The direct costs were driven by expenditure on mining, processing and plant, as well as administration fees. This was offset by positive stockpile movements.

Click here to read the full Mineweb report.

The Conversation (0)
×