Sherritt announced today the December 2014 operational results for the Ambatovy Joint Venture.For the month of December, finished nickel production was 1,302 tonnes (3,254 tonnes, 100% basis), and finished cobalt production was 76 tonnes (189 tonnes, 100% basis). Finished nickel production increased 47% in 2014 compared to 2013 and increased 47% in [...]
Sherritt announced today that it has signed two new Production Sharing Contracts with the Government of Cuba. The new blocks, 8A and 10, are located in Central and Northern Cuba and encompass areas of 967 square kilometres and 261 square kilometres respectively. The PSCs have a 25-year-term and include commitments which primarily include [...]
Sherritt International Corporation announced today the November 2014 operational results for the Ambatovy Joint Venture. Operating results attributable to Sherritt at a 40% ownership basis are summarized in the following table: For the month of November, finished nickel production was 1,108 tonnes (2,770 tonnes, 100% basis), and finished cobalt [...]
Sherritt announced today the October 2014 operational results for the Ambatovy Joint Venture. For the month of October, finished nickel production was 1,554 tonnes, and finished cobalt production was 134 tonnes. The ore throughput in the PAL circuit was approximately 374,835 tonnes, or 75% of nameplate capacity and nickel production represented [...]
Sherritt announced today that its Board of Directors has approved a quarterly dividend, with respect to the fourth quarter of 2014, of $0.01 per common share, payable January 14, 2015 to shareholders of record as of the close of business on December 31, 2014. This regular dividend is an "eligible dividend" as defined in the Income Tax Act. Sherritt [...]
Sherritt is pleased to announce that it has won the Nedbank Capital Sustainable Business Award in the Resources and non-Renewable Energy category for its Ambatovy Joint Venture Biodiversity Program in Madagascar. The corporation and its partners are being recognized for excellence in sustainable business practices in Africa. At an awards ceremony [...]
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 [...]
