Aug 24 (Reuters) - Western Areas Ltd WSA.AX :
* Western Areas FY 2016 financial results & FY 2017 guidance WSA.AX
* Consensus outlook for nickel price based on demand and supply forecasts over the next 12 months is expected to be subdued
* Fy17 mine production is expected to be between 22,500 and 24,500 nickel tonnes in ore
* Sees FY 2017 nickel in concentrate production guidance of between 20,200 and 22,000 nickel tonnes
* No increase in absolute production costs in FY 2017 versus FY 2016, rather there is reduction of about A$10M in total production costs
* Sees FY 2017 sustaining capex to be A$22M to A$24M
* Source text for Eikon ID:nASXL78hD