Royal Nickel Announces First Quarter Results

Royal Nickel Corporation (TSX:RNX) announced financial results for the first quarter ended March 31, 2012.

As quoted in the press release:

For the three months ended March 31, 2012, RNC incurred a loss of $2.5 million ($0.03 per share) compared to $1.7 million ($0.02 per share) in the same period last year. The higher loss reflects an increase in general and administrative expenses of $0.8 million, which is due primarily to an increased share based payments charge ($0.2 million) and increased project finance consulting fees ($0.2 million).

Royal Nickel’s President and CEO, Tyler Mitchelson said:

During the first quarter of 2012 we made substantial progress toward completing work to support the inclusion of certain previously identified upside opportunities into a revised pre-feasibility technical report for our Dumont Nickel Project, which we are on track to deliver before the end of the second quarter of 2012.

Click here to read the Royal Nickel Corporation (TSX:RNX) press release.