BNC predicts lower profitability in FY2024 due to Trojan Nickel Mine shutdown and low global nickel prices.
Bindura Nickel Corporation Limited (BNC) predicts lower profitability in FY2024 due to Trojan Nickel Mine shutdown and low global nickel prices. The mine closure, extended to Dec, is due to Sub-Vertical Rock Winder (SVR) bull gear replacement, causing an 8% higher loss after taxation compared to last year. BNC advises caution with its securities.
March 29, 2024
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