More pain for Panoramic

TROUBLED nickel miner Panoramic Resources, which two weeks ago stood down most of its remaining operational workforce at the bedevilled Savannah operation in Western Australia’s Kimberley region, lost a big chunk of change last quarter spending many more times on the mine than revenue brought in.

More pain for Panoramic More pain for Panoramic More pain for Panoramic More pain for Panoramic More pain for Panoramic

The lights have been dimmed at Savannah.

Savannah and Savannah North's outgoings were more than A$40 million, while nickel sales during the quarter reaped just $11.7 million.