Sherritt International (TSX: S) has entered agreements with its Cuban partners to settle $362 million of total outstanding receivables over five years, beginning Jan. 1, 2023. The agreements, known as…
Nickel prices have risen substantially over the past 12 months and are edging closer to the US$9 per lb. or US$20,000 per tonne threshold that analysts believe could spur investment…
As the global demand for base metals grows, mining companies are on the hunt for new deposits that they can develop into operating mines. Here are eight companies with significant…
The Toronto stock market ended in positive territory, as oil prices strengthened and investors considered possible monetary easing by central banks in Europe and Japan. The S&P/TSX Composite Index rose 2.6% to close at 12,389.58. The…
Sherritt International (TSX: S) is bracing for a $1.6-billion non-cash impairment at its Ambatovy nickel-cobalt mine in Madagascar due to lower nickel prices, months after it cancelled its quarterly dividend for 2015 and 2016 to reduce…
David Pathe, president and CEO of Sherritt International (TSX: S), did not mince words when he said the company needed to take action to protect its balance sheet so that it could withstand lower commodity prices, with “more than 60% of…
At its annual general meeting on May 12 in Toronto, Sherritt International (TSX: S; US-OTC: SHERF) chairman Harold (Hap) Stephen dismissed a disgruntled shareholder’s criticism about the nickel producer’s languishing share price and…
Poor jobs data and a decline in energy stocks after the New Democratic Party majority win in Alberta sent the S&P/TSX Composite Index down 1.1% to 15,170.02. The S&P/TSX Capped Diversified Metals & Mining Index fell 2.8% to 805.08,…
A rebound in oil prices and news the U.S. Federal Reserve would take a patient approach to hiking interest rates helped Canada’s benchmark index achieve its best weekly gain in three years. The S&P/TSX Composite Index soared 736.21…
U.S. President Barack Obama’s call for a “new approach” in the U.S. government’s relationship with Cuba, including the establishment of diplomatic relations and an easing of economic and travel restrictions, has lifted…
Sherritt International (TSX: S; US-OTC: SHERF) reported a $30.1-million net loss in the second quarter, largely due to its Ambatovy joint-venture nickel–cobalt project in Madagascar, where it reduced the project’s annual…
Strong jobs data in Canada helped lift the S&P/TSX Composite Index by 0.93% to 14,393.10. The unemployment rate in March dropped for the first time this year, falling to 6.9%, as the economy added 42,900 jobs. The majority of the new jobs…
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