RNC logs bigger loss; looks to Dumont project

May 09, 2014 | 04:48 PM | Rey Mashayekhi

Tags  nickel, Royal Nickel, earnings report, Dumont project, Sudbury Platinum, Tsingshan Holding Group, Tyler Mitchelson, Anglo American Mark Selby

NEW YORK — Royal Nickel Corp. (RNC) continues to look toward a late-2016 commissioning of its Dumont nickel project in Quebec after diversifying its assets and securing new partnerships in the first quarter.

The Toronto-based junior mining company posted a net loss of Canadian $2.3 million ($2.1 million) for the three months ended March 31 vs. a net loss of C$1.8 million in the same period last year due primarily to higher general and administrative expenses of C$800,000 ($736,000).....

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