https://www.miningweekly.com

Panoramic beats FY nickel production guidance

10th July 2013

By: Creamer Media Reporter

  

Font size: - +

JOHANNESBURG (miningweekly.com) – Panoramic Resources, which produces nickel in Western Australia and also owns gold and platinum group metal assets, said on Wednesday that it had increased its quarterly nickel production by 18% in the three months ended June and that full-year output had exceeded its guidance.

The ASX-listed mining company produced 5 537 t of nickel in concentrate in the June quarter, which was an 18% increase on its output in the March quarter. Production for the full year was 19 479 t of nickel in concentrate, which exceeded its April guidance, but was slightly below its record result of 19 741 t in the 2012 financial year.

The nickel division’s costs dropped sharply by 15% to A$5.28/lb, including royalties, which Panoramic attributed to the “outstanding” production performance of both its nickel mines, as well as the cost-saving initiatives announced late last year.

The company is forecasting 2014 nickel output to be in the range of 19 000 t to 20 000 t.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Kriel Occupational Health Centre
Kriel Occupational Health Centre

Occupational health services, mobile clinics, wellness campaigns, aviation.

VISIT SHOWROOM 
Advanced Fire Suppression Technologies
Advanced Fire Suppression Technologies

Established on 1 March, 2000, by Barries Barnard, Advanced Fire Suppression Technologies (AFST) and the Advanced Group stands as Sub-Saharan...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.049 0.907s - 110pq - 2rq
Subscribe Now