Production update sees Talvivaara shares leap

Talvivaara Mining saw its share price rocket into the top spot on the FTSE 250 after it announced that it has reached its production target for 2011.

Full year production totalled 16,087 tonnes (t) of nickel and 31,815t of zinc, while fourth quarter production of 4,769t nickel and 10,524t zinc was a new quarterly record.

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Pekka Per, Chief Executive Officer of Talvivaara, added: "In the months to come, we will remain focused on production ramp-up and on further improving the consistency of all our operational processes."

The share price soared 27.6% to 255.2p by 15:09.

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