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TORONTO, ON--(Marketwired - June 24, 2016) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Sherritt International Corporation ('Sherritt') (TSX: S)today announced the commencement of a 14 day shutdown at the Ambatovy Joint Venture, bringing forward activity originally intended to be performed in August. A blockage in the tailings pipe was the main driver in the decision to accelerate the shutdown, as the process of emptying the pipe and addressing the associated causes and repairs requires a full re-start. Ambatovy second quarter production is now expected to be approximately 9,100 tonnes finished nickel and 660 tonnes finished cobalt (100% basis). Production in the quarter is affected by the shutdown and by a continuation of equipment reliability issues that affected first quarter production.
Full year production guidance will be reviewed and updated as part of second quarter reporting.
About Sherritt
Sherritt is the world leader in the mining and refining of nickel from lateritic ores with projects and 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 licenses its proprietary technologies and provides metallurgical services to mining and refining operations worldwide. The Corporation's common shares are listed on the Toronto Stock Exchange under the symbol 'S'.
Source: Sherritt Investor Relations
For further information, please contact:
Investor RelationsFlora Wood
Director Investor Relations
Telephone: 416-935-2451
Toll-Free: 1-800-704-6698
Email: [email protected]
www.sherritt.com
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Sherritt International Corporation
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PRODUCTEUR |
CODE : S.TO |
ISIN : CA8239011031 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Sherritt International est une société de production minière de nickel basée au Canada. Sherritt International est productrice de nickel, de cobalt à Cuba, en développement de projets de nickel à Madagascar. Son principal projet en production est MOA à Cuba, son principal projet en développement est AMBATOVY à Madagascar et son principal projet en exploration est COAL VALLEY au Canada. Sherritt International est cotée au Canada. Sa capitalisation boursière aujourd'hui est 95,6 millions CA$ (70,0 millions US$, 65,4 millions €). La valeur de son action a atteint son plus haut niveau récent le 22 septembre 2006 à 9,99 CA$, et son plus bas niveau récent le 20 mars 2020 à 0,09 CA$. Sherritt International possède 294 280 000 actions en circulation. |