First Nickel Inc. reported unaudited earnings and operating results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of CAD 20,261,951 compared to CAD 12,302,948 a year ago. Loss from operations was CAD 1,061,776 compared to CAD 33,224,604 a year ago. Loss before taxes was CAD 2,978,630 compared to CAD 33,004,871 a year ago. Net loss and comprehensive loss was CAD 2,978,630 or CAD 0.01 per basic and diluted share compared to CAD 33,004,871 or CAD 0.05 per basic and diluted share a year ago.

For the nine months, the company reported revenue of CAD 58,563,553 compared to CAD 54,063,039 a year ago. Loss from operations was CAD 7,593,470 compared to CAD 47,060,345 a year ago. Loss before taxes was CAD 13,106,906 compared to CAD 50,446,275 a year ago. Net loss and comprehensive loss was CAD 13,106,906 or CAD 0.02 per basic and diluted share compared to CAD 50,446,275 or CAD 0.09 per basic and diluted share a year ago.

For the quarter, the company reported ore production was 58,418 tonnes compared to 59,643 tonnes for the same period a year ago. Production contained nickel was 3,347,719 pounds compared to 3,059,052 pounds a year ago. Contained copper was 1,982,766 pounds compared to 1,691,837 pounds a year ago.

For the nine months, the company reported ore production was 173,340 tonnes compared to 175,471 tonnes for the same period a year ago. Production contained nickel was 9,199,485 pounds compared to 9,046,810 pounds a year ago. Contained copper was 5,296,316 pounds compared to 5,405,993 pounds a year ago.

Nickel production in the final quarter of 2014 is expected to be higher than the average of the first three quarters of the year as the company has resumed a stope extraction sequence that is expected to maintain steady production. However, as a result of lower production levels earlier in the year, production of nickel in 2014 is expected to be at the lower end of the guidance range for 2014.

For the year 2014, the company expects capital expenditures of CAD 7.2 million.