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RNKLF - RNC Minerals' Q1: The Prospects Remain Good
Royal Nickel Corp Ord
RNC Minerals (RNKLF) released its Q1 2020 financial results. This was RNC's third full quarter since the Higginsville mine and mill acquisition. The operations are doing well, the cost-cutting measures seem to be efficient, and what is important, also the exploration program keeps on delivering.
RNC Minerals produced 24,816 toz gold in Q1 2020. This is 7.7% less than in Q4 2019, but 2.5% more than in Q3 2019. As the coronavirus hasn't disrupted RNC's mining operations yet, the 2020 production guidance of 90,000-95,000 toz gold remains intact. If the Q1 production rate