Panoramic slumps to $18.2m loss
Panoramic Resources has lodged an $18.2 million loss for the 12 months to June 30, as the falling nickel price and tough market conditions combined with a fall in the value of the company’s investment portfolio to take a big chunk out of the nickel miner’s bottom line.
Panoramic said revenue was down 7 per cent to $233 million, on total production of 19,791 tonnes.
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