Talvivaara posts operating loss, lower production guidance

Tavivaara Mining Company has maintained that its full year nickel production will be at the lower end of its guidance of 25,000-30,000 tonnes after its output was adversely affected by downtime at the metals recovery plant, resulting from environmental investments and unscheduled occupational safety-related improvements.

Tavivaara Mining Company has maintained that its full year nickel production will be at the lower end of its guidance of 25,000-30,000 tonnes after its output was adversely affected by downtime at the metals recovery plant, resulting from environmental investments and unscheduled occupational safety-related improvements.

During the first quarter of 2012 the firm produced 3,374 tonnes on nickel, which, combined with a negative nickel price of around $17,000-18,000 per tonne during February and March, will result in an operating loss for the first three months of the year.

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