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

May 02, 2020 / www.metalbulletin.com / Article Link

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...

Recent News

Gold and silver price ETFs see major net outflows

November 04, 2025 / canadianminingreport.com

Gold stocks decline by less than metal price

November 04, 2025 / www.canadianminingreport.com

A shift to the later stages of gold and silver bull markets

October 27, 2025 / www.canadianminingreport.com

Gold stocks plunge on metal drop

October 27, 2025 / www.canadianminingreport.com

Gold stocks still up after pullback late in the week

October 20, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok