Sherritt withdraws 2020 production guidance on Covid-19 uncertainty; warns of deteriorating liquidity

Sherritt International has seen only modest impacts to its production as a result of Covid-19, but withdrew its production guidance for 2020 due to a number of market and economic uncertainties caused by the pandemic.

Prior guidance for 2020 nickel production was 32,000-34,000 tonnes, while cobalt guidance was for 3,300-3,600 tonnes this year.
The company has a 50% stake in the Moa joint venture, which has a nickel mine in Moa, Cuba, and a refinery in Fort Saskatchewan, Canada. The remaining 50% stake is held by the General Nickel Company S.A. of Cuba.

It is also the operator of the Ambatovy joint venture in Madagascar, in which it has a 12% stake. Other shareholders in the vertically-integrated nickel and cobalt mining, processing, refining and...

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