First Nickel reports net loss in 3d qtr.

Nov 15, 2013 | 11:42 AM | Rey Mashayekhi

Tags  First Nickel, quarterly earnings, nickel, gross metal value, Glencore Canada, Glencore Xstrata, Lockerby Mine, Thomas Boehlert Rey Mashayekhi

NEW YORK — First Nickel Inc. reported a net loss in the third quarter, due primarily to the impact of gross metal value accounting and lower nickel prices.

The Toronto-based miner posted a net loss of Canadian $33 million ($31.5 million) for the three months ended Sept. 30, widening from a net loss of C$1.43 million in the year-ago quarter, on revenue that fell 48.4 percent to C$12.3 million ($11.7 million) from C$23.7 million.....

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