Western Areas sees improvements in ore mined

Company News

by Rachael Jones

Nickel sulphide explorer and producer Western Areas (ASX:WSA) has reported significant improvements in both the grade of ore mined and cost of production for the March quarter.  

Production metrics remain on track to meet full year guidance and the improved nickel price should result in stronger second half earnings and operating cashflow.   

March quarter 2019 highlights show the lowest quarterly cash cost for the year, unit cash cost of nickel in concentrate of $2.82/lb and A$2.98 year to date.

Mine production of 6,066 nickel tonnes and 17,785 nickel tonnes year to date.

Shares in Western Areas (ASX:WSA) are trading 0.43 per cent higher at $2.35
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.