Australia's Nickel Industries gains on strong quarterly ore sales, production

By Reuters News

** Shares of Nickel Industries NIC.AX rise as much as 4.4% to A$0.71, on track to clock its best session since September 21

** Nickel producer posts a 56% jump in quarterly ore sales to 4.4 million wmt and 49% rise in ore production to 6.1 million wmt

** Adds its Hengjaya Mine reported record ore sales and adjusted EBITDA, supported by a 104% increase in limonite sales and a 15% cut in unit operating costs

** Down 18% YTD

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