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Nickel Industries reports US$120M operating EBITDA
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Nickel Industries reports US$120M operating EBITDA

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  • Nickel Industries reported an operating adjusted EBITDA of approximately US$120 million for the June quarter.
  • Following the announcement, the Nickel Industries share price was down at $0.86.
  • The company credited strong mining performance, which offset higher costs and planned maintenance across its processing operations.

Nickel Industries (ASX:NIC) delivered an operating adjusted EBITDA of approximately US$120 million for the June quarter.

The latest operating earnings represent a notable increase from US$$135.6 million delivered in the previous quarter.

Because the release was an abbreviated operating update, no executive commentary or quotes were provided in the document.

Mining operations contributed approximately US$29 million reported in the March quarter.

Rotary Kiln Electric Furnace operations generated approximately US$60 million after facing higher costs and planned maintenance.

Following the announcement, the Nickel Industries share price was down at $0.86.

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