Nickel Industries announces $100 mln share buyback, posts record quarterly output
29/01/2024 22:37
Jan 30 (Reuters) - Australia's Nickel Industries
NIC.AX said on Tuesday it intends to start an on-market share
buyback of up to $100 million and return between 30% and 60% of
its free cash flow to shareholders via regular dividends.
The specialty miner also reported a record output from its
rotary kiln electric furnace (RKEF) projects in the December
quarter at 34,450 tonnes of nickel metal.
(Reporting by Shivangi Lahiri in Bengaluru; Editing by Krishna
Chandra Eluri)
((Shivangi.Lahiri@thomsonreuters.com;))
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