PROFIT & LOSS

Sherritt sheds value on Q1 results

Diversified producer Sherritt International (TSX: S) plunged almost 30% on Friday after the company outlined a “dramatic 70% decline” in realised cobalt prices, plus issues in Cuba.

Staff reporter
 Sherritt pointed to a dramatic drop in cobalt prices, issues in Cuba

Sherritt pointed to a dramatic drop in cobalt prices, issues in Cuba

Its 50%-owned Moa joint venture in Cuba had achieved record first quarter production results - a 54% year-on-year increase in Sherritt's finished nickel share to 4,397 tonnes and a 27% increase in cobalt...

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