Brief: RNC Exceeds H219 Guidance, Pays Down $3M ln in Debt Early to Reduce Interest Costs

Karora Resources

08/01/2020 12:47

Jan 8 (Reuters) - Royal Nickel Corp  RNX.TO :
    * RNC EXCEEDS 2H19 GUIDANCE WITH PRODUCTION OF 51,090 OZ
AFTER
RECORD DECEMBER MONTHLY PRODUCTION SINCE HGO ACQUISITION; PAYS
DOWN $3M IN DEBT EARLY TO REDUCE INTEREST COSTS
    * ROYAL NICKEL CORP - Q4 PRODUCTION WAS 26,874 OUNCES
    * ROYAL NICKEL CORP -  IMPACT OF FIRES ON HGO NOT EXPECTED
HAVE
ANY MATERIAL IMPACT ON ANTICIPATED 2020 PLANS
    * ROYAL NICKEL - OVERALL IMPACT OF FIRES ON HGO IS NOT
EXPECTED
HAVE ANY MATERIAL IMPACT ON OUR Q1 PRODUCTION
    * ROYAL NICKEL CORP - EXPERIENCED MINOR DISRUPTIONS IN ORE
HAULAGE
FROM BETA HUNT DUE TO ROAD CLOSURES IN REGION
    * ROYAL NICKEL -  WILL PROVIDE ANNUAL PRODUCTION AND COST
GUIDANCE
FOR 2020 DURING Q1 OF 2020
    * ROYAL NICKEL - ORE SUPPLY FROM BETA HUNT, DELIVERY OF
REAGENTS
TO MILL HAS BEEN RESTORED, MILL IS OPERATING AT FULL CAPACITY
WITH FEED FROM BOTH SITES

Source text for Eikon:  ID:nCNWYdsV9a 
Further company coverage:  RNX.TO 

 ((Reuters.Briefs@thomsonreuters.com;))