Mirabela Nickel Reports Higher Sales, Production for Q3

Mirabela Nickel Ltd. (ASX:MBN) announced its results for the third quarter of 2014, commenting that it produced 2,628 tonnes of nickel in concentrate. That’s up from 2,767 tonnes in the previous quarter.

Other highlights include:

• Sales for the quarter of 2,823 tonnes of nickel in concentrate (Q2 2014: 2,366). 
• Unit cash costs of US$9.02/lb for the quarter (Q2 2014: US$8.43/lb).
• Year-to-date production of 8,333 tonnes of nickel in concentrate at an average unit cash cost of US$8.22/lb.
• Average mined nickel grade of 0.43% for the quarter (Q2 2014: 0.42%) and total mining material movement of 6.7 million tonnes (Q2 2014: 5.6 million tonnes).
• Processing plant throughput for the quarter of 1.5 million tonnes (Q2 2014: 1.4 million tonnes).
• Average processing plant nickel recovery of 45% (Q2 2014: 49%) and average nickel feed grade of 0.39% (Q2 2014: 0.40%) for the quarter.

Click here to read the full Mirabela Nickel Ltd. (ASX:MBN) press release.