First Nickel trims loss as sales, output improve

Aug 12, 2014 | 04:46 PM | Rey Mashayekhi

Tags  First Nickel, FNI, nickel, copper, Lockerby Mine, Rey Mashayekhi

NEW YORK — First Nickel Inc. (FNI) narrowed its net loss as sales strengthened in the second quarter due to increased ore and contained nickel production, as well as higher shipments.

The Toronto-based company’s net loss was Canadian $874,273 ($797,731) for the quarter ended June 30, down 94.7 percent from a C$16.5-million loss in the same period last year, on revenue that rose 43.5 percent to C$21.5 million ($19.6....

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