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 [...]
Sherritt today announced the release of its 2013 Sustainability Report, which reviews Sherritt's sustainability performance progress and achievements during the 2013 calendar year. This is Sherritt's sixth annual sustainability report and in keeping with reduced consumption of resources, it continues to be available only on-line. "Sherritt has a [...]
TORONTO, ONTARIO--(Marketwired - Jul 9, 2014) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Sherritt International Corp. ("Sherritt" or the "Corporation") (TSX:S) announces the timing of its release for second quarter 2014 results. Second-Quarter 2014 Results Release: July 30, 2014, before [...]
Sherritt International announced today that its Board of Directors has approved a quarterly dividend, with respect to the second quarter of 2014, of $0.01 per common share, payable July 14, 2014 to shareholders of record as of the close of business on June 30, 2014. This regular dividend is an "eligible dividend" as defined in the Income Tax Act [...]
Sherritt International announces today that it has executed an agreement with the Government of Cuba to amend an existing Production-Sharing Contract ("PSC") in its oil and gas business for an additional ten-year extension to March 2028. Sherritt is also awaiting final approval by Cuban ministries with respect to four new exploratory PSCs. The [...]
Sherritt announced that all nine of its nominees were elected to the Board at the Annual and Special Meeting of Shareholders today. "I want to thank all shareholders for their feedback, engagement and continued support of the Corporation during the election process," said Harold Stephen, Chairman of Sherritt. "We believe that the result is in the [...]
Sherritt International today reported a first-quarter 2014 loss of $48.2 million, compared to earnings of $23.1 million for first-quarter 2013. Earnings were affected by the impact of higher financing expense related to foreign exchange losses as a result of the weakening of the Canadian dollar against the U.S. dollar ($9.8 million, after-tax, or [...]
