First Nickel’s net loss widens despite increased revenue

Mar 24, 2014 | 05:16 PM |

Tags  First Nickel, Lockerby mine, earnings report, Thomas Boehlert, nickel, copper, Rey Mashayekhi

NEW YORK — First Nickel Inc. (FNI) fell deeper into the red last year despite stronger revenue and a 46.6-percent increase in nickel output at its Lockerby Mine in Ontario.

However, the Toronto-based company said it anticipates improved production and returns in 2014.

FNI president and chief executive officer Thomas Boehlert said in a statement that 2013 was a difficult year for nickel mining companies and for the entire junior mining sector. However, “FNI responded to this challenging environment by meeting production targets and beating cost targets at the Lockerby Mine,....

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