Shares in Mirabela Nickel Limited (ASX:MBN, TSE:MNB, PINK:MRBAF) leapt to the best performer of the S&P/ASX200 index yesterday after the miner issued a bullish outlook on its operations and reported record quarterly results.
In the three months to September 30, 2011 Mirabela achieved record mining material movement and processing plant performance as well as record production and sales of nickel.
Production increased 36 per cent and sales of nickel in concentrate rose 8 per cent, compared to the quarter before.
Mirabela says it is on track to deliver between 15,500 tonnes and 16,500 tonnes of nickel in concentrate this year by which time it is also targeting full production levels.
Shares in Mirabela closed 9.49 per cent higher yesterday at $1.50.
In the first half of the 2011 financial year, Mirabela extended its first half loss to $35 million.
