Rising prices boost Sherritt

The Globe and Mail.com reports that Sherritt’s (TSX:S Q3) revenues have been bolstered by prices for, among other things, cobalt.

The story is quoted as saying:

Profit for the Toronto-based resource company was $57.6-million or 20 cents per share for the three months ended Sept. 30, up from $55.9-million or 19 cents per share a year earlier when revenue was $389-million.

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