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PrintWESTERN Areas has lifted production guidance for the current fiscal year, citing improved productivity at its nickel operations in Australia’s west.
The Perth-based company said it expects to produce 27,000 tonnes of nickel ore in the 12 months through June, up from previous guidance of between 25,000 tonnes and 26,000 tonnes.
Managing director Dan Lougher said the company had also been able to reduce costs through deals with major service providers.
Western Areas now expects to report cash costs of less than $2.70 a pound, compared with previous guidance of $2.80 to $2.90 a pound.
The company is due to release its first-half earnings next week, and is forecasting on-half improvements in margins and net profit.
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