2023-06-29 16:34:33 ET
- Nickel 28 Capital press release ( OTCPK:CONXF ): Q1 GAAP EPS of C$0.01.
- Strong quarter end cash balance of US$10.6 million;
- Production of 9,016 tonnes of contained nickel and 798 tonnes of contained cobalt in MHP during the first calendar quarter, placing Ramu as one of the top producers of mixed hydroxide precipitate globally;
- Sales of 7,914 tonnes of contained nickel and 673 tonnes of contained cobalt in MHP during the first calendar quarter;
- Actual cash costs for the first calendar quarter, net of by-product sales, of US$3.12/lb. of contained nickel, a 32% reduction compared to Q4 2022;
- Receipt by the Company of a cash distribution of approximately US$9.7M from Ramu for its distributable share of the mine’s operating surpluses for the second half of calendar 2022; and,
- Total non-recourse construction debt of US$56.5 million as at April 30, 2023.
For further details see:
Nickel 28 Capital GAAP EPS of $0.01