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Sherritt International Corp T.S

Alternate Symbol(s):  SHERF

Sherritt International Corporation is a Canada-based company engaged in the mining and refining of nickel and cobalt metals essential for the adoption of electric vehicles. The Company is engaged in the production of high purity nickel and cobalt metals from lateritic ore. Its technologies group creates solutions for oil and mining companies around the world to improve environmental performance. It is also the independent energy producer in Cuba. The Company offers a range of products including Nickel, Cobalt, Fertilizers and Other Products. The Nickel products category includes standard grade, steel grade, and nickel powders. The Cobalt products category includes cobalt briquettes and cobalt powders. The Fertilizers product category includes anhydrous ammonia, granular ammonium sulfate, crystalline ammonium sulfate-super salt, and crystalline ammonium sulfate-standard grade. The Other products category includes sulfuric acid, zinc sulfide, and copper sulfide.


TSX:S - Post by User

Comment by Nickbullon Jan 21, 2022 11:36am
245 Views
Post# 34342748

RE:Earnings estimate?

RE:Earnings estimate?Well unless they were hiding sales from earlier in the year I wouldn't expect anything blockbuster. They have reported that the didn't make up for the lost production from the plant outages throughout the year and continued to have less then average production for the 4th quarter. If they break even I would be surprised, most likely another year of losses. Wont be any better this year (imo), already production issues for the first quarter and with the increases Capex that will sop up any gains from the commodity price. Maybe 40$ cobalt and 12$ nickel will do the trick. Lol The quidance for 2022 at a high of 34000 tons is not very good considering all of the issues in 2021. They will need to average 5% better production /day for the full year. Wouldn't get hopes up!

cheers
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