Panoramic Resources Limited (ASX:PAN)
remains on track for full year nickel production of between 18 and 19,000 tonnes, after posting just under 5,000 tonnes in the September quarter.
The miner generated $5 million in cash flow from its operations in the quarter, and currently holds $69 million in liquid assets.
Panoramic also achieved a 12 per cent increase from the previous quarter in Nickel production from its Savannah operation, and continues to target new regions within the prospect.
It has confirmed a cost reduction priority goal of $10-15 million across the business through savings and productivity initiatives.
Panoramic Resources posted a net profit of $18.2 million in the 2012 financial year.