By Rhiannon Hoyle
SYDNEY--Western Areas Ltd. said fourth-quarter nickel output rose 16% from the previous quarter, while production costs fell.
The Australian mining company said Friday it produced 4,911 metric tons of nickel from its Forrestania operations in April-June, up from 4,236 tons in the January-March quarter.
Fiscal 2021 output was 16,812 tons, down from 23,391 tons in the previous year, after output in earlier quarters was slowed by changes to its Flying Fox mine schedule and lower grades at it Spotted Quoll mine.
Western Areas said fourth-quarter unit cash costs were down 6.0% from the previous quarter at 3.84 Australian dollars ($2.83) a pound. Its realized nickel price increased to A$10.42 a pound from A$10.07 a pound in the third quarter.
"Our Forrestania operations have had their best quarter on both production and costs for the year, and delivered within updated guidance after overcoming some operational difficulties earlier in the financial year," said Managing Director Dan Lougher.
Write to Rhiannon Hoyle at [email protected]