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

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk