Sherritt International Corporation has filed its Annual Information Form for the year ended December 31, 2012. Copies of the Annual Information Form and related filings may be obtained on SEDAR
Sherritt International today reported a fourth-quarter 2012 net loss of $17.3 million ($0.06 per share, basic), compared to net earnings of $28.1 million ($0.10 per share, basic) for fourth-quarter 2011. Included in the net loss for fourth-quarter 2012 was $23.5 million ($0.09 per share, basic) in non-cash charges. Adjusted for the non-cash items [...]
Sherritt International announced today that its Board of Directors has approved a quarterly dividend, with respect to the first quarter of 2013, of $0.043 per common share, payable April 12, 2013 to shareholders of record as of the close of business on March 29, 2013. This regular dividend represents a 13% increase to the dividend of $0.038 per [...]
An archive of the webcast will also be available on the website. The conference call will be available for replay until March 27, 2013 by calling 416-640-1917 or 1-877-289-8525, access code 4590471#.
Sherritt announced today that Dean Chambers has been appointed Executive Vice President and Chief Financial Officer. Dean has been with the Company since 2007, most recently as Executive Vice President, Development and has held executive roles in both the financial and operational areas of Sherritt. Dean succeeds Michael Robins as CFO. Mike has [...]
Sherritt International announced today that its Board of Directors has approved a quarterly dividend, with respect to the fourth quarter of 2012, of $0.038 per common share, payable January 14, 2013 to shareholders of record as of the close of business on December 31, 2012. This regular dividend is an "eligible dividend" as defined in the Income [...]
Production of finished nickel and cobalt commenced at Ambatovy in third-quarter 2012. Total nickel production in the quarter, including test briquettes, was 2,370 tonnes, with an average nickel content exceeding 99.8%. The first Ambatovy cobalt briquettes were sintered in September. Total cobalt production during the quarter was 165 tonnes [...]
An archive of the webcast will also be available on the website. The conference call will be available for replay until November 30, 2012 by calling 416-640-1917 or 1-877-289-8525, access code 4567346#.
Sherritt announced today the completion of its offering of $500 million principal amount of 7.5% Senior Unsecured Debentures Series 2 due September 24, 2020, pursuant to a prospectus supplement dated September 19, 2012 to Sherritt's short form base shelf prospectus dated August 24, 2012. The net proceeds of approximately $490 million (after agents [...]
Sherritt today announced the pricing of its previously announced offering of 8-year Senior Unsecured Debentures. The Debentures will be in an aggregate principal amount of $500 million, will bear interest at a rate of 7.50 % per annum and will mature on September 24, 2020. The offering is expected to close on September 24, 2012. The net proceeds of [...]
Sherritt International today announced that it intends to offer, subject to market conditions, $400 million senior unsecured debentures ("the Debentures"). The Debentures will be offered through a syndicate of agents that is to be led by National Bank Financial and Scotiabank and will also include GMP Securities, CIBC World Markets and TD [...]
Sherritt today announced that the Ambatovy Joint Venture in Madagascar has received a six-month authorization to commercially operate the processing plant in Toamasina, Madagascar, during which time the Government of Madagascar intends to continue its review of the project. At the end of the six-month period, the authorization is to convert to a [...]