The miner reported FY earnings of $0.01 per share on sales of 32,627 tonnes of nickel and higher realized prices.
Nickel 28 Capital reported a GAAP EPS of $0.01 for the fiscal year, driven by sales of 32,627 tonnes of contained nickel and 3,061 tonnes of cobalt. Average production costs, net of by-product sales, stood at $3.47 per pound of nickel.
The company saw average realized nickel prices of $6.88 per pound ($15,164 per tonne) and cobalt prices of $16.07 per pound ($35,418 per tonne). Total Ramu project revenue reached approximately $529 million, up from $471 million in the prior financial year.
No immediate market reaction was disclosed in the release.