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Headline fright for Independence investors

INVESTORS in Independence Group sold the stock down more than 13% in early trade today after initially taking fright from the headline profit reported by the nickel miner. However, the company’s solid underlying operational performance gained traction later in the day, with the stock subsequently closing down 5%.

MiningNews.Net
Headline fright for Independence investors

The Kambalda miner reported that its first-half net profit fell 24% on year to $A9.3 million, with the reduced result attributed to the trifecta of nickel price, reduced production, and increased costs....

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