Sherritt Announces Third Quarter Loss

Mining Weekly reported that Sherritt reported a  C$22.6-million or 8-Canadian-cents-a-share loss for the third quarter, due in part to lower sales volumes.

As quoted in the market report:

The company reported its share of sales volumes for the period totalled 8.6-million pounds of finished nickel, 9% lower year-on-year and 900 000 lbs of finished cobalt, which was 7% lower than reported in the same period a year earlier. The company also produced 8.5-million tons of thermal coal, 1-million barrels of oil and 154 GWh of electricity.

To view the whole Mining Weekly report, click here.