Brief: Royal Nickel Corp Reiterates 2020 Guidance

Karora Resources

07/05/2020 12:53

May 7 (Reuters) - Royal Nickel Corp  RNX.TO :
    * RNC DELIVERS STRONG FIRST QUARTER FINANCIAL AND OPERATING
PERFORMANCE, CONTINUING TO REDUCE COSTS AND BOLSTER THE BALANCE
SHEET, REITERATES 2020 GUIDANCE
    * RNC MINERALS - Q1 2020 CONSOLIDATED GOLD PRODUCTION OF
24,816
OUNCES
    * RNC MINERALS - QTRLY ADJUSTED EARNINGS PER SHARE $0.02
    * RNC MINERALS - QTRLY CURRENTLY DO NOT ANTICIPATE ANY
MATERIAL
IMPACT ON RNC'S OPERATIONS
    * RNC MINERALS - ELECTED TO INCREASE ROM STOCKPILE LEVELS,
WHICH
NOW TOTAL 106,000 TONNES, SHOULD DISRUPTIONS TO MINE SITE OR
SUPPLY CHAIN OCCUR IN FUTURE
    * RNC MINERALS - QTRLY REVENUE $54.3 MILLION VERSUS $10.9
MILLION

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

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