Pacific Nickel Mines Limited (AU:PNM) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Pacific Nickel Mines Limited focused on accelerating production at the Kolosori Nickel Project in the June 2024 quarter, aiming to achieve a 1.5 million tonnes per annum rate and capitalize on higher-grade nickel ore for improved pricing. However, operations faced setbacks due to unusual wet weather and equipment issues, prompting a temporary hold on the project and leading to a trading halt and voluntary suspension as the company seeks financing solutions with Glencore amidst a weakening nickel price forecast.
For further insights into AU:PNM stock, check out TipRanks’ Stock Analysis page.
