Talvivaara registers net loss for Q2

Finland-based nickel and zinc miner Talvivaara Mining Company Plc has announced its financial and operational results for the second quarter and the first half of the current year.
 
In the second quarter, Talvivaara registered a net loss of €17.5 million, compared to a net loss of €7.5 million in the same quarter of the previous year. The company's net sales amounted to €33.4 million, down 11.2 percent year on year.
 
In the first six months of 2012, the company posted a net loss of €32.4 million, compared a net loss of €5.5 million in the corresponding period of 2011, while the net sales of the company decreased to €72.5 million, falling by 30.3 percent year on year.
 
Talvivaara's nickel output in April-June decreased by 19.2 percent to 3,194 mt, while the nickel output in the first six months amounted to 6,568 mt, down 19.5 percent, both year on year. The company's revised production guidance for 2012 is approximately 17,000 mt of nickel.