nickel investing

Sherritt International Reports Q1 2018 Results

Apr. 25, 2018 01:59PM PST

Sherritt International reported its Q1 results on Tuesday (April 24), detailing nickel results from its Moa JV in Cuba.

Sherritt International (TSX:S) reported its Q1 results on Tuesday (April 24), detailing nickel results from its Moa JV in Cuba.

As quoted in the press release:

President and chief executive officer of Sherritt David Pathe said “Sherritt’s results for Q1 reflect the positive impact of improving commodity prices and our continuing efforts to strengthen our balance sheet, we ended the quarter with more cash on hand, less debt, and higher cash received from the Moa JV – all clear signs of progress. With production challenges at the Moa JV caused by excessive rainfall and rail transportation delays largely behind us, we are bullish about our prospects for the balance of 2018 given the favorable outlook for nickel and cobalt prices due to favorable demand trends, particularly within the electric vehicle battery market.”

Click here to view the full Sherritt International Corporation (TSX:S) press release.

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