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.

tsx:s nickel investing

The Conversation (1)

Investor LastName

26 Dec, 2017

Omission regarding Mobi724 in respect to integration within Visa Offers Platform: The deal includes Both Americas and Caribbean, please see the corresponding news release: MONTREAL, Nov. 14, 2017 (GLOBE NEWSWIRE) -- MOBI724 Global Solutions Inc. (MOBI724) (CSE:MOS)(OTCQB:MOBIF), a Fintech leader offering an all in one fully integrated EMV payment, Card-Linked Offers, Digital Marketing and Business Intelligence Solutions announces it has completed the integration of its Solutions with the Visa Offers Platform (“VOP”) and has successfully processed Card-Linked transactions through VOP in Canada, the USA and Latin America.