Mincor Sees Profit Despite 19% Drop In Nickel Prices
Mining Weekly said Mincor Resources (ASX:MCR) has returned to profitability during the year ended June, despite a 19% drop in realised nickel prices.
Mining Weekly said Mincor Resources (ASX:MCR) has returned to profitability during the year ended June, despite a 19% drop in realised nickel prices.
Mincor Resources NL (ASX: MCR) announced results from exploration drilling at its Miitel and Mariners nickel mines in Western Australia.
Platts reported Mincor Resources (ASX:MCR) achieved a 39% cash cost reduction to A$5.39/lb ($5.43/lb) at its Kambalda nickel district.
The Sydney Morning Herald reports Mincor's (ASX:MCR) belief that their share price is unreasonably depressed found support from investors and analysts.
Platts.com reports that Mincor Resources (ASX:MCR) will report a loss, despite strong production numbers.
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