Ad blocking detected

Thank you for visiting We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

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
Tel: 1-416-9352451
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 six months ended 30 June 2020, SherrittInternational Corp revenues decreased 14% to C$67.6M. Netloss increased 3% to C$156.7M. Revenues reflect Metalssegment decrease of 97% to C$5.9M, Oil and Gas segmentdecrease of 21% to C$13.1M. Higher net loss reflectsAdjustments for Joint venture and associate segment lossincrease of 44% to C$56.4M, Corporate segment loss increaseof 6% to C$21.1M, Avg. Production Costs per Barrel.
Employees: 6,963 as of Dec 31, 2018
Reporting Currency: Canadian Dollars
Enterprise value: $652.78M as of Jun 30, 2020
Annual revenue (TTM): $126.80M as of Jun 30, 2020
EBITDA (TTM): -$19.30M as of Jun 30, 2020
Net annual income (TTM): -$369.20M as of Jun 30, 2020
Free cash flow (TTM): -$5.40M as of Jun 30, 2020
Net Debt Last Fiscal Year: $555.20M as of Jun 30, 2020
Shares outstanding: 397,284,433 as of Jun 30, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization