Nickel Industries Q3 Adjusted EBITDA Rises 4% on Hengjaya Mine Record

Nickel Industries Limited’s adjusted EBITDA rose 4% sequentially to $125.9 million for the three months ended Sept. 30 as record ore sales at Hengjaya Mine offset lower adjusted EBITDA from its nickel-processing operations. Attributable EBITDA increased to $102.4 million from $99.3 million in the June quarter. Nickel Industries’ quarterly financial figures are unaudited and based on monthly reports from its operating entities. The company’s 80%-owned Hengjaya Mine sold 4,485,170 wet metric tonnes of ore, up 56% from the previous quarter.

Source: TokenPost