Royal Nickel Corp. (RNX.TO: Quote) Friday reported second quarter net loss of C$2.1 million or C$0.02 per share, compared to net loss of C$3.1 million or C$0.03 per share last year.
The lower loss for the quarter reflects a decrease in the deferred tax expense of C$1.5 million, compared to a year ago.
CEO Tyler Mitchelson said the quarter was productive for the company, having reached key milestones as it continues to move its Dumont nickel project forward and formally launching the Dumont partnership process.
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by RTT Staff Writer
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