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BRIEF-Royal Nickel Corp Reiterates 2020 Guidance

Published 2020-05-07, 07:53 a/m
KRR
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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

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