First Nickel Inc. announced earnings and production results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenues of CAD 12,903,601 compared with CAD 21,514,327 for the same period a year ago. Loss from operations was CAD 30,430,329 compared with CAD 1,538,156 for the same period a year ago. Loss before taxes was CAD 31,070,351 compared with CAD 874,273 for the same period a year ago. Net loss and comprehensive loss was CAD 31,070,351 or CAD 0.02 per basic and diluted share compared with CAD 874,273 or CAD 0.00 per basic and diluted share for the same period a year ago. Lower revenues in the second quarter were driven by lower nickel market prices (approximately a CAD 3.9 million impact partly offset by the CAD 1.1 million impact of a lower Canadian dollar and higher translated revenues in the current quarter) and lower production and GMV-net payable nickel (approximately a CAD 5.2 million impact).

For the six months, the company reported revenues of CAD 22,612,200 compared with CAD 38,301,602 for the same period a year ago. Loss from operations was CAD 42,227,217 compared with CAD 6,531,694 for the same period a year ago. Loss before taxes was CAD 48,081,782 compared with CAD 10,128,276 for the same period a year ago. Net loss and comprehensive loss was CAD 48,081,782 or CAD 0.04 per basic and diluted share compared with CAD 10,128,276 or CAD 0.02 per basic and diluted share for the same period a year ago.

The Lockerby Mine produced 2.6 million pounds of contained nickel and 1.5 million pounds of contained copper during the three months ended June 30, 2015.

The Lockerby Mine produced 4.8 million pounds of contained nickel and 2.8 million pounds of contained copper for the first six months of the year.