First Nickel Inc. Reports Preliminary Production Results for the Year 2014; Provides Production and Capital Expenditure Guidance for the Year 2015
For the year 2015, the company expects Production of between 12.7 and 13.5 million pounds of contained nickel, consistent with 2014 production; Production of between 6.9 and 7.5 million pounds of contained copper; and GMV-net payable production of between 6.4 and 6.8 million pounds of nickel, and between 3.5 and 3.7 million pounds of copper. The company announced that Capital expenditures, including underground development, are projected to be approximately $6.5 million in 2015 and exploration and evaluation expenses in 2015 are projected to be approximately $0.9 million, including 6,300 metres of exploration drilling and related costs.