TORONTO, ONTARIO--(Marketwire - March 22, 2010) - CROWFLIGHT MINERALS INC. ("Crowflight" or the "Company") (TSX:CML) is pleased to announce that shipments of nickel concentrate from the Bucko Lake Nickel Mine ("Bucko Mine") located near Wabowden, Manitoba recommenced the week of March 15th.
This marks the first shipments of nickel concentrate since milling operations resumed at the Bucko Mine earlier this month. The Company continues to focus on increasing production rates to reach its start-up target of 1,000 tonnes per day (tpd) production for the second quarter of 2010, which is expected to increase to 1,200 tpd during the second half of the year.
Crowflight's President and CEO Mark Trevisiol commented, "We are very pleased to have the Bucko Mine producing nickel concentrate once again, particularly with nickel prices reaching US$10 per pound recently. We are proud of the achievements that our employees and Crowflight's mining contractors have accomplished. A lot of progress has been made in a very short period of time, which has culminated with the restart of the Bucko operation."
As part of its offtake agreement with Xstrata, all nickel concentrates produced from the Bucko Mine are being shipped to Xstrata's smelter in Sudbury, Ontario.
brunneta
: Crowflight Appoints Stephen Davies as Chief
Operating Officer..
Steve has a wide variety of experience in mine capital development including shafts and hoisting, along with production experience in underground mines of up to 6,000 tonnes per day.
8,6 Mio. Pfund zahlbares Nickel in 2010 (oder sogar doch eher 11,1 Mio wie ich gerade zu meiner Überraschung auf deren Homepage lese) bei durchschnittlichen Betriebskosten von 5,70 fürs Pfund und einem aktuellen Nickelpreis um die 10USD/Pfund; ausstehende Aktien 581,7 Mio St. Wer rechnet weiter? Die Börse scheint dazu ,warum auch immer, noch keine Lust zu haben.
brunneta
: Crowflight posts Q4 loss after write down
TORONTO (miningweekly.com) – Canadian nickel miner Crowflight Minerals recorded a fourth-quarter net loss of C$22,3-million, compared with a C$28,9-million profit a year earlier, the company said on Thursday.
The net loss figure included a C$33,7-million pre-tax write down on certain assets.
Crowflight owns and operates the Bucko Lake mine, in Canada's Manitoba province, which declared commercial production in June last year, but was suspended in November after the company had trouble ramping up to full production.
The firm used the three-month shut-down at Bucko Lake to complete ramp development, accelerate mine development and upgrade the backfill plant, and announced earlier this month that milling and nickel shipments had resumed.
In the fourth quarter, Crowflight produced 183 000 lb of nickel and sold 287 000 lb of commerical production nickel.
There are no comparable figures for the previous year because the mine had not yet begun production at that point.
Metal revenue for the quarter was C$2,4-million.
This year, Crowflight expects to produce 8,6-million pounds of payable nickel from Bucko Lake, the company said.
The mine should achieve rates of 1 000 t/d of ore in the second quarter, increasing to 1 200 t/d in the second half of 2010.
Shares in the company slid 2,94% on Thursday, to 16,5 Canadian cents apiece by 13:05 in Toronto.
die Stillsetzung der Mine hat Geld gekostet....darum der Verlust im letzten Jahr. Dennoch: Zeitpunkt der Modernisierung der Rampe war sehr günstig.... Nickelpreise weit über dem geplanten Maß hinaus , Produktionssteigerung um 20% ab Mitte des Jahres auf 1200T/Tag..... Die Ergebnisse werden daher in ein paar Quartalen besser werden.
Leider ist Crowflight keine Rakete aber wächst es langsam stetig wäre ich dann auch damit zufrieden.
25Cadct bis Ende des Jahres "könnten" eigentlich drin sein. IMO
----------- Gewinn ist die Summe aus positiven Investitionen abzüglich negativer Investitionen
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