On April 26, 2022, Canada's First Quantum Mineral released its first-quarter production report. The report showed that the Ravensthorpe nickel plant produced 5,122 metal tons in the first quarter, a year-on-year increase of 10.3% and a month-on-month increase of 51.3%; its The sales volume was 4,250 metal tons, a year-on-year increase of 84.6% and a month-on-month increase of 15.8%.

Production was limited in early January due to the closure of the entire plant and did not resume until mid-January 2022, but Ravensthorpe has delivered nickel production of 4,743 tons, up from about 1,900 tons in the fourth quarter of last year, mainly because the mine benefited from High grades and recoveries at the Shoemaker Levy project. Although Ravensthorpe faces similar inflationary pressures as the company's other mines, as well as higher labor costs, the cash cost of C1 nickel will decline from $10.93 per pound in the fourth quarter of 2021 to 2022 due to higher production and sales volumes $6.78 in the first quarter.

Ravensthorpe nickel production guidance for 2022 remains unchanged at 25,000-30,000 metal tons. The cash cost guidance for nickel prices was raised, and the C1 cash cost range of nickel prices rose to $6.25-7.00 per pound, and the AISC1 cash cost range rose to $7.50-8.50 per pound.

The specific production and sales are shown in the table below: