Sherritt widens headline loss as low oil, metals prices hurt Q1 financials

April 27, 2016

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Diversified miner Sherritt International has reported a first-quarter adjusted loss 79% wider year-on-year, as nickel, cobalt and oil prices plunged during the period.
Excluding special items of about C$79.1-million, Toronto-based Sherritt recorded an adjusted loss off C$126.9-million, or C$0.43 a share, significantly more than analyst forecasts of losing C$ 0.35 a share during the period.

Category: General