Australia's Pacific Nickel jumps on production ramp-up at Soloman Islands project

Pacific Nickel Mines

13/06/2024 03:00

** Shares of Pacific Nickel  PNM.AX  rise as much as 42.9%
to A$0.040, posting their biggest intraday percentage gain since
Oct. 18, 2021
    ** Stock hits its highest level since May 17
    ** Miner says Kolosori Nickel Project in the Solomon Islands
is now achieving two nickel ore shipments per month 
    ** Adds full production ramp-up is nearing completion, which
will equate to three ships per month during the dry season
    ** About 458,000 shares change hands, compared with the
30-day average volume of around 342,000
    ** Stock down 66.3% YTD, based on last close

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))