First Nickel expects recovery from shortfall

Feb 07, 2013 | 12:52 PM | Daniel Fitzgerald

Tags  First Nickel, nickel, copper, 2012 production, Lockerby Mine, Daniel Fitzgerald

NEW YORK — First Nickel Inc. expects its Lockerby Mine in Ontario to reach its full production rate of 10 million pounds of nickel per year by the end of the first quarter after a "shortfall in production" in the fourth quarter of 2012, it said.

The Toronto-based company produced about 5.8 million pounds of payable nickel and 4.6 million pounds of payable copper in 2012, having commenced commercial production July 1, it said, noting that nickel production represented 90 percent of its 2012 guidance, while the copper figure was at the lower end of its 2012 guidance.....

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