Sherritt today announced changes to the leadership of its senior management team, effective February 1, 2012. Dean Chambers, currently Senior Vice President and Chief Operating Officer, has been appointed Executive Vice President, Development;
The Board of Directors of Sherritt takes pleasure in announcing the appointment of David V. Pathe as President and Chief Executive Officer of the Company and his election as a Director, effective January 1, 2012. Mr. Pathe has been with Sherritt since 2007 and has held several key executive positions in addition to his current role as CFO [...]
Sherritt announced today that its Board of Directors has approved a quarterly dividend, with respect to the fourth quarter of 2011, of $0.038 per common share, payable January 16, 2012 to shareholders of record as of the close of business on December 30, 2011. This regular dividend is an "eligible dividend" as defined in the Income Tax Act.
Sherritt announced today the completion of its offering of $400 million principal amount of 8% Senior Unsecured Debentures Series 1 due November 15, 2018, pursuant to a prospectus supplement dated October 28, 2011 to Sherritt's short form base shelf prospectus dated October 21, 2011. The net proceeds of $392 million (after agents' fees but before [...]
Sherritt today announced the pricing of its previously announced offering of seven-year Senior Unsecured Debentures. The Debentures will be in an aggregate principal amount of $400 million, will bear interest at a rate of 8% per annum and will mature on November 15, 2018. The offering is expected to close on November 2, 2011. The net proceeds of [...]
Sherritt today announced that it intends to offer, subject to market conditions, $300 million senior unsecured debentures. The Debentures will be offered through a syndicate of agents that is to be led by GMP Securities and National Bank Financial and will also include Scotia Capital. The interest rates and other terms of the Debentures are to be [...]
Sherritt today announced third-quarter 2011 results. Net earnings for third-quarter 2011 were up 102% to $45.5 million ($0.16 per share, basic), compared to net earnings of $22.5 million ($0.07 per share, basic) for third-quarter 2010. Sales volumes for third-quarter 2011 totaled 9.4 million pounds of nickel, 1.1 million pounds of cobalt, 9.1 [...]
Sherritt today announced that it has filed a National Instrument 43-101 technical report on the Central Moa Nickel Laterite Operation in Cuba dated September 22, 2011, as well as a National Instrument 43-101 technical report on the Ambatovy Nickel Project in Madagascar dated October 3. Each of the technical reports discloses resource and reserve [...]
Sherritt is scheduled to release its third quarter 2011 earnings results on Wednesday October 26, 2011, before markets open. The release will be followed by an analyst and investor conference call at 2:00 p.m. Scheduled speakers on the conference call will include Ian W. Delaney, Chairman and Chief Executive Officer and David Pathe, Senior Vice [...]
Sherritt today announced the appointment of Sir Richard Lapthorne as Director, effective immediately. Sir Richard has been Chairman of Cable and Wireless plc since January 2003, and, following the demerger of Cable & Wireless Worldwide Plc, he continues as Chairman of Cable & Wireless Communications Plc. He also serves as Chairman of the PwC Public [...]
Sherritt announced today that its Board of Directors has approved a quarterly dividend, with respect to the third quarter of 2011, of $0.038 per common share, payable October 14, 2011 to shareholders of record as of the close of business on September 30, 2011. This regular dividend is an "eligible dividend" as defined in the Income Tax Act.