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BRIEF-Independence Group NL - Qtrly Production At Nova 7,906T Of Nickel And 3,462T Of Copper

Published 31/07/2019, 08:48 am
© Reuters.  BRIEF-Independence Group NL - Qtrly Production At Nova 7,906T Of Nickel And 3,462T Of Copper
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July 31 (Reuters) - Independence Group NL IGO.AX :

* PRODUCTION AT NOVA WAS 7,906T OF NICKEL AND 3,462T OF COPPER FOR QUARTER

* GOLD PRODUCTION AT TROPICANA (ON A 100% BASIS) WAS 132,945OZ FOR QUARTER

* SEES FY20 TROPICANA GOLD PRODUCED (100% BASIS) 450 TO 500 KOZ

* FY20 NOVA COPPER IN CONCENTRATE GUIDANCE RANGE 11,000 TO 12,500 T

* FY20 GUIDANCE FOR NOVA NICKEL IN CONCENTRATE BETWEEN 27,000 T AND 30,000 T

* A TOTAL COMMITMENT OF A$68M TO A$75M HAS BEEN SET ASIDE FOR EXPLORATION AND EVALUATION EXPENDITURE IN FY20

* TROPICANA (IGO 30%) FY20 GUIDANCE FOR GOLD PRODUCED (100% BASIS) 450KOZ TO 500KOZ

* TROPICANA (IGO 30%) FY20 GUIDANCE FOR ALL-IN SUSTAINING COSTS A$1,090 TO A$1,210

* NOVA HIGHER EXPECTED FY20 SHIPPING COSTS

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