First Nickel Inc. reported preliminary production results for 2013 and provides production and financial guidance for 2014. The company achieved full production at the Lockerby Mine in Ontario's Sudbury Basin. The company shipped approximately 242,000 tonnes of ore to Glencore and produced approximately 12.8 million contained pounds of nickel, at the mid-point of the 2013 guidance range of 12.1 - 13.5 million pounds. The company produced approximately 7.5 million contained pounds of copper, at the mid-point of the 2013 guidance range of 7.2 - 7.9 million pounds.

The company expects production of between 13.5 and 15.1 million pounds of contained nickel, a 12% increase (mid-point) over 2013; production of between 7.2 and 8.0 million pounds of contained copper; GMV1-net production of between 6.8 and 7.6 million pounds of nickel, and between 3.6 and 4.0 million pounds of copper. Capital expenditures in 2014 are projected to be approximately $7.2 million, including approximately $3.5 million relating to underground development. G&A expenses for 2014 are projected to be approximately $4.4 million, not including stock-based compensation. Financing costs and exploration expenditures are projected to be approximately $1.8 million and $0.4 million, respectively, in 2014.