Western Areas Announces June 2011 Quarterly Activities Report

Western Areas (TSX:WSA,ASX:WSA)reports mine production of 32,222 tonnes of nickel and a cash position of A$209 million.

The press release is quoted as saying,

Combined mine production for the June Q was 8,561 tonnes (18.9M lbs) nickel compared with 7,400 tonnes (16.3M lbs) nickel in the March Q. High grades (average 6.3% nickel) in the Tim King Pit plus consistent performance from the Flying Fox mine continued to contribute to the strong production. In addition, there were 6,169 tonnes of contained nickel in ore and concentrate stockpiles at the end of the Quarter.

Average cash cost for nickel in concentrate was US$2.45/lb (A$2.31/lb) for the June Q. The nickel price averaged US$11.02/lb at an exchange rate of AUD/USD of 1.06 compared with a nickel price of US$12.20/lb and exchange rate of AUD/USD of 1.00 for the March Q.

For the complete press release, click here.