Battery nickel price regains premium over metal
Nickel sulphate is back to trading at a premium to the metal in China and should stay there on expected BHP Nickel West delays, says new report.
Nickel sulphate is back to trading at a premium to the metal in China and should stay there on expected BHP Nickel West delays, says new report.
New technical report pegs pre-production capital costs for an operation with a 25-year mine life at C$1.3 billion.
The mine started production in July 2019 with a projection of some 94,000 tonnes of copper concentrate annually.
The company’s biggest production contribution is from its 50% stake in the Canadian Malarctic open pit in Quebec.
This represents a 10% growth in total tonnes when compared with the maiden inferred resource.
Wesdome has issued production guidance of 90,000-100,000 oz. for this year.
Production from the flagship Inmaculada mine jumped more than 6% to 260,126 gold equivalent ounces.
December cargo volumes highest since September 2018 as Beijing's economic stimulus pays off.
Drill highlights include 36.9 metres of 14.73 g/t gold-equivalent.
New resource estimate for the Media Luna deposit was 12.6Mt at 5.55 g/t gold-equivalent in the indicated category.