RNC sees progress despite 2d-qtr. loss

Aug 11, 2014 | 03:48 PM | Rey Mashayekhi

Tags  Royal Nickel, nickel, earnings report, Mark Selby, West Raglan, Dumont, Aer-Kidd, True North Nickel Sudbury Platinum Corp.

NEW YORK — Royal Nickel Corp. (RNC) said it made "solid progress" in the second quarter, including the acquisition of interests in two separate exploration opportunities, despite falling deeper into the red.

Toronto-based RNC posted a net loss of Canadian $3 million ($2.74 million) for the three months ended June 30 vs. a C$1.9-million loss in the same period last year. The company attributed the loss "primarily to higher general and administrative expenses" while also reporting a substantially lower cash position as well as less working capital.....

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