Sherritt, a world leader in the mining and refining of nickel from lateritic ores and the largest independent energy producer in Cuba, today reported its financial results for the third quarter ended September 30, 2014. "We have well-defined 2014 priorities and are making clear advancements towards achieving them," said David Pathe, President and [...]
Sherritt announced today its intention to commence a normal course issuer bid to purchase for cancellation up to 5% of its issued and outstanding common shares over a 12-month period. The commencement of the Program is subject to Toronto Stock Exchange approval. Repurchases under the Program may be made through the facilities of the TSX or [...]
S&P Dow Jones Indices Canadian Index Operations announces the following index changes as a result of the quarterly reviews of the S&P/TSX Venture Select, Composite Buyback and Composite Shareholder Yield Indices. These changes will be effective at the open on Monday, October 20, 2014.
Sherritt announced today the completion of its offering of $250 million principal amount of 7.875% Senior Unsecured Notes due October 11, 2022. The net proceeds of the offering of the 2022 Notes are approximately $239 million. Sherritt today also announced its intention to use the net proceeds of the offering of the 2022 Notes, as well as cash on [...]
Sherritt announced today the final results for the tender offers to purchase for cash between $100 million and $150 million principal amount of its outstanding 8.00% Senior Unsecured Debentures due November 15, 2018 and between $200 million and $250 million principal amount of its outstanding 7.50% Senior Unsecured Debentures due September 24, 2020 [...]
Sherritt announces the timing of its release for third quarter 2014 results. Sherritt is a world leader in the mining and refining of nickel from lateritic ores with operations in Canada, Cuba and Madagascar. The Corporation is the largest independent energy producer in Cuba, with extensive oil and power operations across the island. Sherritt [...]
Sherritt announced today the pricing of its previously announced private placement offering of $250 million principal amount Senior Unsecured Notes due October 11, 2022. The 2022 Notes will have a coupon of 7.875% per annum, an issue price of $980.00 per $1,000 principal amount, and will yield 8.221% to maturity. The offering is expected to close [...]
Sherritt announced today the expiration of the early consideration period for the tender offer to purchase for cash between $100 million and $150 million principal amount of Sherritt's outstanding 8.00% Senior Unsecured Debentures due November 15, 2018 and between $200 million and $250 million principal amount of Sherritt's outstanding 7.50% Senior [...]
Sherritt today announced the filing of a National Instrument 43-101 compliant technical report regarding its Ambatovy operation in Madagascar. The 2014 Technical Report has an effective date of September 1, 2014 and is available at www.sedar.com. The 2014 Technical Report includes updated nickel and cobalt mineral resource and reserve estimates [...]
Sherritt announced today that its Board of Directors has approved a quarterly dividend, with respect to the third quarter of 2014, of $0.01 per common share, payable October 14, 2014 to shareholders of record as of the close of business on September 30, 2014. This regular dividend is an "eligible dividend" as defined in the Income Tax Act (Canada).
Sherritt announced today offers to purchase for cash between $100 million and $150 million principal amount of Sherritt's outstanding 8.00% Senior Unsecured Debentures due November 15, 2018 and between $200 million and $250 million principal amount of Sherritt's outstanding 7.50% Senior Unsecured Debentures due September 24, 2020. Proceeds from the [...]
Sherritt International, a world leader in the mining and refining of nickel from lateritic ores and the largest independent energy producer in Cuba, today reported its financial results for the second quarter ended June 30. Nickel and cobalt production at Ambatovy in the second quarter was slightly better than the first quarter and increased 26 [...]