Post by
CommonCents123 on Mar 28, 2024 2:20pm
RESPONSE FROM SHERRITT INTERNATIONAL INVESTOR RELATIONS
Mr V never did want me to contact investor relations. Not sure why lol.
Here you go:
2024 Outlook:
The company expects nickel and cobalt production to increase in 2024 compared to 2023 due to increased feed of mixed sulphides from the Moa mine site to the refinery as a result of access to additional ore sources to improve the blend of feed as well as increased quality and feed rates following the ramp-up of the Slurry Preparation Plant (“SPP”), and reduced downtime from maintenance.
Net direct cash cost (“NDCC”) is expected to be significantly lower in 2024 compared to 2023 due to lower expected maintenance activity, cost optimization, and higher expected production and sales, including increased fertilizer by-product sales. As mentioned on the Q4 2023 conference call, NDCC is expected to be above the guidance range during the first quarter and below or within the range in subsequent quarters.
In the Power division, electricity production is expected to be higher in 2024 compared to 2023 primarily due to the full year receipt of additional gas from the two wells that went into production in Q2 2023.
More to come....CC123 - THE ANTIDOTE TO SUNSHINE AND RAINBOWS
Comment by
Sanguinity on Mar 29, 2024 7:01pm
I would have been fascinated to see them say something about their dwindling cash on hand.