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Sherritt’s second-quarter net loss per share widens by 119%

As nickel prices remained under pressure in the three months to June 30, with reference prices averaging $4/lb, TSX-listed diversified miner Sherritt International has reported a 119% wider net loss a share from continuing operations in the second quarter, which translates to a 44% wider net loss a share year-on-year for the first half of 2016. The Toronto-based miner recorded an adjusted net loss of C$103.6-million, or C$0.35 a share, for the period under review. Year-on-year, the half-year net loss plunged to C$151.4-million, or C$0.52 a share.