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Sherritt International ( (TSE:S) ) just unveiled an announcement.
Sherritt International reported strong operational performance for the fourth quarter and full year 2024, with production and financial results meeting or exceeding guidance despite facing external challenges such as port and rail disruptions in Canada and natural disasters in Cuba. The company achieved a 22% increase in nickel sales year-over-year and realized significant improvements in power production, contributing to higher dividends. Sherritt’s initiatives, including organizational restructuring and cost reductions, are expected to deliver substantial savings, while its strategic focus on the Moa Joint Venture expansion and the mixed hydroxide precipitate project aims to strengthen its competitive position amid market pressures.
More about Sherritt International
Sherritt International Corporation is a leading company in the mining and refining industry, specializing in the use of hydrometallurgical processes to extract nickel and cobalt. These metals are considered critical for the energy transition, and the company is focused on expanding its market opportunities, particularly in the North American electric vehicle sector.
YTD Price Performance: 31.25%
Average Trading Volume: 977,117
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$83.43M
Learn more about S stock on TipRanks’ Stock Analysis page.
