Sector: Basic Materials | Industry: Diversified Mining |
Company Contact | |
Address: | TORONTO ON M5H 4E3 |
Tel: | 1-416-9352457 |
Website: | https://www.sherritt.com |
IR: | See website |
Key People | ||
Leon Binedell President, Chief Executive Officer, Director | Yasmin Gabriel Chief Financial Officer | Elvin Saruk Chief Operating Officer |
Chad Ross Chief Human Resource Officer | Edward Arnold Sellers Senior Vice President - Legal, General Counsel, Corporate Secretary | Greg Honig Chief Commercial Officer |
Business Overview |
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. |
Financial Overview |
For the three months ended 31 March 2024, Sherritt International Corp revenues decreased 51% to C$28.8M. Net loss before extraordinary items totaled C$40.9M vs. income of C$13.6M. Revenues reflect Metals segment decrease of 35% to C$115.1M. Net loss reflects Metals segment loss totaling C$21M vs. income of C$31M, Corporate segment loss increase of 27% to C$7M, Oil and Gas segment loss increase of 64% to C$2.3M. |
Employees: | 3,310 as of Dec 31, 2022 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $363.55M as of Mar 31, 2024 |
Annual revenue (TTM): | $193.50M as of Mar 31, 2024 |
EBITDA (TTM): | -$49.50M as of Mar 31, 2024 |
Net annual income (TTM): | -$118.80M as of Mar 31, 2024 |
Free cash flow (TTM): | $9.80M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | $226.90M as of Mar 31, 2024 |
Shares outstanding: | 397,288,680 as of Mar 31, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |