Sherritt Q2 FY26 net loss widens to C$71.1 million; revenue rises 36% to C$59.3 million

Reuters2026/08/12 21:06

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Sherritt posted a net loss from continuing operations of CAD 71.1 million, or CAD 0.10 per share, in Q2 2026.
Revenue rose 36% to CAD 59.3 million versus Q2 2025, while adjusted EBITDA (non-GAAP) swung to a loss of CAD 2 million.
Finished nickel production fell 62% to 1,319 tonnes, while net direct cash cost climbed 39% to USD 7.31 per pound.
Operations were disrupted after a May 1 U.S. Executive Order expanded Cuba sanctions, prompting suspension of direct participation in Moa and Energas.
Available liquidity in Canada totaled CAD 80.1 million at June 30, while the Fort Saskatchewan refinery halted metals refining June 22.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sherritt International Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20260811222665) on August 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Sherritt Q2 FY26 net loss widens to C$71.1 million; revenue rises 36% to C$59.3 million

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