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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: John McCarthy	8/2/2006 11:40:44 PM
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FREE NICKEL? Severe Edit >>>>>>>>>>>>>>>>>>>>>> FNX.TO is (in part) a Nickel Company .... The significant increase in by-product credits from copper and precious metal production resulted in a negative cash cost of US$0.57 to produce a pound of nickel. FNX Mining's President and Chief Executive Officer, Terry MacGibbon, said: "We are very pleased that the Company, while enjoying the current robust commodity prices, has also been able to both increase our production and lower our cash operating costs. The combination of these factors has resulted in record quarterly financial results, including a negative cash cost to produce a pound of nickel and, for the first time in the Company's history, positive retained earnings." He added: "We are looking forward to continuing outstanding financial results as we bring our Levack nickel deposits into pre-production later this year and full production in 2007 and the Podolsky footwall copper-nickel-precious metal deposits into preproduction in 2007 and full production in 2008." >>>>>>>>>>>>>>>>>>>>>> marketwire.com

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