Panoramic narrows FY17 losses

Nickel miner Panoramic Resources has narrowed its net loss after tax for the full year ended June from a loss of A$144.3-million reported in 2016, to a net loss of A$4.7-million, despite a tough operational year. Panoramic on Thursday reported an impairment loss reversal of A$9.2-million as part of the initial public offering of Horizon Gold, which was spun-out in 2016.