Talvivaara’s Second-Quarter Losses, Cuts Output

Reuters reported Talvivaara (LSE:TALV) reported an increase in second-quarter losses on Thursday, and cut its output forecast as unusually heavy rain this summer continued to hamper nickel operations.

As quoted in the market news:

Talvivaara said it now expects to produce around 17,000 tonnes of nickel this year, up from 16,087 tonnes in 2011, having warned last month it would not reach its previous guidance of 25,000-30,000 tonnes set last November.

Talvivaara’s shares were down 1.4 percent at 138.4 pence in London and at 1.77 euros in Helsinki at 0841 GMT.

Click here to read the full Reuters report.