Nickel Industries (ASX:NIC) reported $72.4 million in earnings before interest, taxes, depreciation, and amortization (EBITDA) from operations during the December quarter, down from $108.4 million the previous quarter, according to a Thursday filing with the Australian bourse.
EBITDA from the company's RKEF operations fell to $22.1 million from the September quarter's $60 million due to a $20 million foreign exchange loss from the appreciation of the US dollar.
EBITDA from mining operations fell quarter over quarter to $35.6 million from $37.3 million, while EBITDA from HPAL operations rose to $14.7 million from $11.2 million.
The company produced 32,784 tonnes of nickel from RKEF, 7.2 million wet metric tonnes (wmt) of ore from its mining operations, and 2,099 tonnes of nickel from HPAL.
In the September quarter, it produced 30,663 tonnes from RKEF, about 5.7 million wmt from mining, and 2,125 tonnes of mixed hydroxide precipitate from HPAL.
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