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Black Swan keeps MPI on track

MPI Mines is maintaining its full-year profit forecast of $6.2 million after recording another strong quarter at its Black Swan nickel project in Western Australia and another weak quarter at its Stawell and Coolgardie gold mines.

Michael Quinn
Black Swan keeps MPI on track

Black Swan produced 3101t of nickel at cash and total costs of $3.49/lb and $4.15/lb respectively, with output exceeding the prospectus forecasts for the half year ended June 30 by 915t, or 19%. However,...

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