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Sherritt International Corporation (T:S)

Business Focus: Integrated Mining

Sector:  Basic Materials Industry:  Integrated Mining
 
See Regulatory Filings on SEDAR
Company Contact
Address: 181 BAY STREET
26TH FLOOR, BROOKFIELD PLACE
TORONTO ON M5J 2T3
Tel: 1-416-9352451
Website: https://www.sherritt.com
IR: See website
Key People
David V. Pathe
Chairman of the Board, President, Chief Executive Officer
Andrew Snowden
Chief Financial Officer, Senior Vice President
Stephen James Wood
Chief Operating Officer, Executive Vice President
Edward Arnold Sellers
Senior Vice President, General Counsel, Corporate Secretary
Karen Trenton
Senior Vice President - Human Resources
Timothy Dobson
Senior Vice President - Metals
Elvin Saruk
Senior Vice President - Oil & Gas and Power
   
Business Overview
Sherritt International Corporation is engaged in the mining and refining of nickel and cobalt from lateritic ores with projects and operations in Canada, Cuba and Madagascar. The Company's segments include Metals, Oil and Gas, Power, and Corporate and Other. The Metals segment includes mining, processing and refining nickel and cobalt from lateritic ore bodies, through the partnership with General Nickel Company S.A. of Cuba (the Moa Joint Venture); an interest in the Ambatovy Joint Venture that owns a nickel operation in Madagascar. It has fertilizer, sulfuric acid, utilities and storage facilities in Fort Saskatchewan, Canada. The Oil and Gas segment includes the oil and gas operations in Cuba, as well as the exploration and development of oil and gas in Cuba, Spain and Pakistan. Its Power segment includes power generating assets, located in Cuba at Varadero, Boca de Jaruco and Puerto Escondido. The Corporate and Other segment consists of the metallurgical technology business.
Financial Overview
For the three months ended 31 March 2020, Sherritt International Corp revenues decreased 16% to C$26.7M. Net loss decreased 32% to C$42.2M. Revenues reflect Metals segment decrease of 97% to C$3M, Oil and Gas segment decrease of 21% to C$7.1M, Oil Equivalent Prod. (Units/day), Total decrease of 1% to 2K barrels per day. Lower net loss reflects Metals segment income totaling C$500K vs. loss of C$9.1M.
Employees: 6,963 as of Dec 31, 2018
Reporting Currency: Canadian Dollars
Enterprise value: $619.01M as of Jun 30, 2020
Annual revenue (TTM): $132.40M as of Jun 30, 2020
EBITDA (TTM): -$14.20M as of Jun 30, 2020
Net annual income (TTM): -$345.10M as of Jun 30, 2020
Free cash flow (TTM): $13.70M as of Jun 30, 2020
Net Debt Last Fiscal Year: $536.70M as of Jun 30, 2020
Shares outstanding: 397,284,433 as of Apr 28, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization