AT A GLANCE: Finland's Terrafame posts 4.6% rise in nickel output, 9% uptick in overall sales for 2020

A summary of Finnish miner Terrafame's financial results for the fourth quarter and full year to December 31, 2020, published by the company on Thursday February 25.

In brief The full-year earnings before interest, taxes, depreciation, and amortization (Ebitda) was €23.8 million ($28.9 million), down from 2019’s €32 million.  In the fourth quarter, however, the company’s Ebitda was €17.7 million, rising from €700,000 in the same period in 2019.  Terrafame posted a 9% increase in oveall sales in 2020 to €338 million, up from €310.4 million in 2019, due to strong production at the first and last quarters of the year. In the fouth...


Ana de Liz

February 25, 2021

15:27 GMT