Independence Group highlights strong performance of Nova

Company News

by Anna Napoli

Independence Group (ASX:IGO) has addressed Goldman Sachs emerging Leaders Conference highlighting the strong performance of its world class Nova Nickel Operation.

The mining company says a strong outlook for Nova is due to Increasing metal production and falling cash costs as a result a consistent and higher production rate is expected in the next three years.

Independence Group says the main driver is higher grade stopes in core of Nova and Bollinger.

In terms of delivery the mining company is set to invest $51 million in investment in FY19.

Shares in Independence Group (ASX:IGO) are trading 0.2 per cent higher at $4.93.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.