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Noranda Income Fund Unit T.NIF.UN


Primary Symbol: NNDIF

Metals & Mining Industrial Metals & Minerals
Noranda Income Fund is a Canadian based income trust. The fund owns the electrolytic zinc processing facility and ancillary assets located in Salaberry-de-Valleyfield, Quebec. It produces refined zinc metal and by-products from sourced zinc concentrates. The fund's long-term objective is to maximize unitholder value and provide monthly distributions to unitholders.


OTCPK:NNDIF - Post by User

Noranda Income Fund Unit
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Post by felix10on Apr 08, 2022 5:34pm
138 Views
Post# 34589415

Production problems

Production problems...just when things were looking up. Wonder why there wasn't a news release about this in March?

BRIEF-Noranda Income Fund - Operational Challenges At Processing Facility In Quebec, Negatively Impacted Zinc Production, Sales In Q1 Ended March 31, 2022
2022-04-08 05:21:29 PM ET (Reuters)
   
   

April 8 (Reuters) - Noranda Income Fund:

* NORANDA INCOME FUND - OPERATIONAL CHALLENGES AT PROCESSING FACILITY IN QUEBEC, NEGATIVELY IMPACTED ZINC PRODUCTION, SALES IN Q1 ENDED MARCH 31, 2022

* NORANDA INCOME FUND - ZINC METAL PRODUCTION IN Q1 OF 2022 IS EXPECTED TO BE 57,588 TONNES, COMPARED TO 66,345 TONNES IN Q1 OF 2021

* NORANDA INCOME FUND - ZINC METAL SALES ARE EXPECTED TO BE 56,826 TONNES, COMPARED TO 66,277 TONNES IN Q1 OF 2021

* NORANDA INCOME FUND - REVISING ITS ANNUAL PRODUCTION AND SALES TARGET TO BETWEEN 255,000 AND 265,000 TONNES OF ZINC Source text for Eikon: Further company coverage:

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