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BRIEF-RNC says FY gold production expected to be 50-60,000 ounces
May 16, 2017 / 12:41 PM / in 7 months

BRIEF-RNC says FY gold production expected to be 50-60,000 ounces

May 16 (Reuters) - Royal Nickel Corp:

* RNC announces Q1 2017 results, beta hunt and financing update

* Gold material mined during quarter was 1,133 tonnes per day, up 56 pct compared to Q1 of 2016

* RNC incurred a net loss of $4.4 million ($0.02 per share) for three months ended March 31, 2017

* RNC has agreed to terms on a $10 million convertible four-year debt facility

* FY 2017 gold production is now expected to be 50-60,000 ounces at an all-in-sustaining-cost of us$1,100-1,200 per ounce Source text for Eikon: Further company coverage:

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