Struggling First Nickel posts $35.8M net loss

Apr 03, 2013 | 02:17 PM | Daniel Fitzgerald

Tags  First Nickel, earnings report, Thomas Boehlert, nickel, copper, Lockerby Mine, Daniel Fitzgerald

NEW YORK — First Nickel Inc. has posted a Canadian $36.33-million ($35.81-million) net loss for 2012, in contrast to net income of C$25.16 million the previous year, as the company seeks to overcome liquidity issues and production shortfalls at its Lockerby Mine.

The Toronto-based company posted 2012 revenue of C$36.08 million ($35.56 million). It did not record revenue prior to achieving commercial production at Lockerby in July 2012.....

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