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Sherritt International Corp (S.TO)

S.TO on Toronto Stock Exchange

1.33CAD
17 Nov 2017
Change (% chg)

$-0.01 (-0.75%)
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Latest Key Developments (Source: Significant Developments)

Sherritt International reports fatality at power generation operations
Friday, 10 Nov 2017 12:01pm EST 

Nov 10 (Reuters) - Sherritt International Corp ::Sherritt reports fatality at its power generation operations.Sherritt has initiated an investigation and is working with local authorities to determine cause of accident​.Announces death of an employee at Energas SA power generation operations in Cuba due to apparent electrocution​.  Full Article

Sherritt and Partners sign definitive agreement to restructure Ambatovy joint venture
Friday, 10 Nov 2017 07:00am EST 

Nov 10 (Reuters) - Sherritt International Corp :Sherritt and Partners sign definitive agreement to restructure Ambatovy joint venture.Sherritt International Corp - Will eliminate $1.3 billion (at September 30, 2017) in Ambatovy JV additional partner loans from its balance sheet​.Sherritt International - ‍Sherritt will eliminate $1.3 billion (at Sept 30, 2017) in Ambatovy joint venture additional partner loans from balance sheet​.Sherritt International - Co's outstanding partner loans of $101 million due 2023 (at September 30, 2017) will continue to be secured by co's 12% interest​.Sherritt International- ‍Agreement to restructure its Ambatovy JV will result in transfer by Sherritt of 28% interest in JV.Sherritt International Corp - ‍Sherritt will regain voting rights and certain other rights that were suspended when it ceased funding as part of deal​.Sherritt International - ‍Agreement to restructure its Ambatovy JV will also eliminate related debt from Sherritt's balance sheet.Sherritt International - Co to cover deal, closing costs, including financial, legal advisory fees, applicable taxes & corporate restructuring costs​.Sherritt International - Expects to make additional payment of about $13 million to cover potential future funding requirements of Ambatovy joint venture​.Sherritt International Corp - ‍As part of deal, Sherritt will resume funding for its 12% interest retroactively to end of 2015​.  Full Article

Sherritt Q3 loss per share C$0.24
Tuesday, 24 Oct 2017 05:05pm EDT 

Oct 24 (Reuters) - Sherritt International Corp :Sherritt reports Q3 2017 results.Q3 loss per share C$0.24.Q3 earnings per share view C$-0.16 - Thomson Reuters I/B/E/S.Q3 adjusted loss per share $0.29 from continuing operations.Sherritt international corp qtrly ‍revenue $63.3 million versus $58.5​ million.  Full Article

Sherritt provides update on the impact of Hurricane Irma on operations
Wednesday, 20 Sep 2017 05:00pm EDT 

Sept 21 (Reuters) - Sherritt International Corp :Sherritt provides update on the impact of Hurricane Irma on operations.Sherritt International Corp - ‍reiterates production guidance for 2017​.Sherritt International Corp - ‍Hurricane Irma has not had any material impact on expected 2017 production emanating from Cuba​.SSherritt International Corp - co also confirmed that none of its facilities incurred more than minimal damage.Sherritt International Corp - activities at its Moa Joint Venture and Oil and Gas and Power facilities in Cuba have been restored to normal capacity.​.  Full Article

Sherritt International provides update on the impact of Hurricane Irma
Monday, 11 Sep 2017 05:00pm EDT 

Sept 12 (Reuters) - Sherritt International Corp :Sherritt provides update on the impact of Hurricane Irma on operations.Sherritt International Corp - ‍confirmed that all of its Cuba-based personnel are safely accounted for​.Sherritt - facilities associated with Moa JV, oil and gas and power operations incurred only minimal damages as a result of Hurricane Irma​.Sherritt International Corp - ‍will determine what impact, if any, disruption caused by Irma will have on co's expected 2017 production totals.​.  Full Article

Sherritt announces Q2 revenue of C$13.6 million
Wednesday, 26 Jul 2017 05:05pm EDT 

July 26 (Reuters) - Sherritt International Corp :Sherritt announces Q2 2017 results.Q2 revenue fell 11 percent to C$13.6 million.Sherritt International Corp - Q2 revenue fell 11 percent to C$13.6 million, down 11% from its comparable period last year.Sherritt International Corp - Full year moa nickel production guidance has been reduced by 1,500 tonnes to a range between 31,500 - 32,500 tonnes.Sherritt International Corp qtrly net loss from continuing operations per share $0.35.Sherritt International Corp - FY finished cobalt production guidance remains unchanged at 3,500 - 3,800 tonnes.  Full Article

Sherritt and Ambatovy Joint Venture Partners reach agreement in principle
Monday, 1 May 2017 05:15pm EDT 

May 1 (Reuters) - Sherritt International Corp :Sherritt and Ambatovy Joint Venture Partners reach agreement in principle.Sherritt International Corp says Sherritt to remain as operator until at least 2024 in joint venture.Sherritt - elimination of Ambatovy JV additional partner loans, $1.4 billion at March 31, 2017, from sherritt's balance sheet with transfer of 28% interest in ambatovy.Sherritt International - revised joint venture partnership terms for sherritt to escrow about $23 million to satisfy 12% of potential future funding requirements.  Full Article

Sherritt International Qtrly net loss from continuing operations per share C$0.25
Wednesday, 26 Apr 2017 05:05pm EDT 

April 26 (Reuters) - Sherritt International Corp :Q1 combined revenue up 19 percent to c$228 million .Sherritt announces q1 2017 results.Qtrly net loss from continuing operations per share $0.25.Sherritt international corp qtrly ambatovy nickel production was down 14% compared to q1 2016, and down 25% from q4 2016.Q1 earnings per share view c$-0.19, revenue view c$84.1 million -- Thomson Reuters I/B/E/S.Sherritt international corp - capital spending of $2.1 million in quarter is expected to increase next quarter and over course of year.Capital spending is down 36% in this quarter compared to q1 of 2016.Production guidance for 2017 remains in place.Says all amounts are canadian dollars.  Full Article

Sherritt International reports Q1 revenue fell 14 pct to C$13.4 mln
Wednesday, 26 Apr 2017 05:05pm EDT 

April 26 (Reuters) - Sherritt International Corp :Sherritt announces Q1 2017 results.Q1 revenue fell 14 percent to C$13.4 million.Qtrly net loss from continuing operations per share $0.25.Sherritt International Corp qtrly Ambatovy nickel production was down 14% compared to Q1 2016, and down 25% from Q4 2016.Q1 earnings per share view C$-0.19, revenue view C$84.1 million -- Thomson Reuters I/B/E/S.Sherritt International Corp - capital spending of $2.1 million in quarter is expected to increase next quarter and over course of year.Capital spending is down 36% in this quarter compared to Q1 of 2016.Production guidance for 2017 remains in place.  Full Article

Sherritt reports Q4 adjusted loss per share C$0.28
Thursday, 16 Feb 2017 06:28pm EST 

Sherritt International Corp : Sherritt announces Q4 and year end 2016 results . Q4 adjusted loss per share C$0.28 from continuing operations . Q4 earnings per share view C$-0.22 -- Thomson Reuters I/B/E/S . Sherritt International Corp- capital spending guidance for 2017 is approximately US$28 million . Sherritt International Corp qtrly net loss from continuing operations per share $0.37 .Qtrly revenue $70.5 million versus $76.5 million.  Full Article