CaNickel idles Bucko Lake mill on falling prices
May 17, 2012 | 11:06 AM
| Thorsten Schier
Tags
CaNickel Mining,
Bucko Lake Mine,
nickel,
Thorsten Schier
NEW YORK — Canadian junior nickel miner CaNickel Mining Ltd. has temporarily suspended mill operations at its Bucko Lake Mine in Manitoba due to low nickel prices.
"Financially sustainable mining operations are not currently possible," CaNickel said, citing weakening nickel prices as a significant factor in the decision.
CaNickel produced 1.06 million pounds of nickel during the first quarter at an average cash cost of $8.02 per pound.....
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