Oil and Gas - Cuba (unit operating costs, $ per barrel)
Indeed, it lost a very considerable CA$80.8m at the EBIT level. These factors were partially offset, however, by the deferral of $15.5 million in interest payments as a result of the launch of the balance sheet initiative in Q1 2020 and by the timing of changes in inventory.
Sources say that supplier is Sherritt InternationalDavid Pathe, the CEO of Sherritt International Corp., knows what it’s like to be banned from the United StatesThe nickel and cobalt facility in southern Cuba is operating at reduced rates as the company assesses how to upgrade infrastructure at a secondary access pointIf nickel prices rebound the public debt will become much more manageable, but if they don’t there are concerns the company would have to go through debt restructuringSherritt International Corp., a producer of nickel in Cuba, rose the most in five years on speculation it will benefit from moves by the U.S. to end its isolation of the island nation© 2020 Financial Post, a division of Postmedia Network Inc. All rights reserved. As part of austerity measures implemented in Q2, the Moa JV will defer a number capital spend projects. As mining operations resume production activities, nickel inventory levels may rise given that supply could exceed demand as a number of industries that are large consumers of stainless steel, such as food and hospitality sector, will experience a delayed or slower economic recovery. Subsequent to quarter end, Sherritt completed a preliminary analysis of Block 10 test samples. Sherritt licenses its proprietary technologies and provides metallurgical services to mining and refining operations worldwide. They also gave media coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the immediate future.
The Corporation is the largest independent energy producer in Cuba, with extensive oil and power operations across the island. This development is putting additional pressure on producers of lower-grade material such as ferronickel, which is currently selling at significant discount. Refer to note 4 of the audited consolidated financial statements for the year ended December 31, 2019 for additional information. Shutdown costs for 2020 were consistent with plan and costs incurred in 2019. The Corporation’s common shares are listed on the Toronto Stock Exchange under the symbol “S”. Production volumes, unit operating costs and spending on capital Unit operating costs in Q2 2020 were $14.12/MWh, down 14% from $16.35/MWh for last year. Cookies are used to offer you a better browsing experience and to analyze our traffic. Sherritt International Corp (TSE:S) released its quarterly earnings results on Wednesday, July, 26th. View Sherritt International's … Despite the decline in MPR costs by 16%, NDCC rose as result of lower cobalt by-product credits of 27% due to reduced cobalt product sales and lower realized cobalt prices as well as lower realized fertilizer prices. Management believes these measures enable investors and analysts to compare the Corporation’s financial performance with its competitors and/or evaluate the results of its underlying business. Finished cobalt production for Q2 2020 was 425 tonnes, up 2% from 415 tonnes produced in Q2 2019.
The forward-looking information and statements contained herein are expressly qualified in their entirety by this cautionary statement. Its segment includes Moa JV and Fort site, Metals Other, Power, Corporate and Other segments. The Corporation uses combined results, Adjusted EBITDA, average-realized price, unit operating cost/NDCC, adjusted earnings/loss, adjusted operating cash flow and free cash flow to monitor the performance of the Corporation and its operating divisions. The company had revenue of $76.80 million for the quarter. Cash, cash equivalents and short-term investments at June 30, 2020 were $172.4 million, down from $193.4 million at March 31, 2020. NDCC in Q2 2020 was US$3.92/lb, up 2% from US$3.83/lb for the same period last year.
Sources say that supplier is Sherritt InternationalDavid Pathe, the CEO of Sherritt International Corp., knows what it’s like to be banned from the United StatesThe nickel and cobalt facility in southern Cuba is operating at reduced rates as the company assesses how to upgrade infrastructure at a secondary access pointIf nickel prices rebound the public debt will become much more manageable, but if they don’t there are concerns the company would have to go through debt restructuringSherritt International Corp., a producer of nickel in Cuba, rose the most in five years on speculation it will benefit from moves by the U.S. to end its isolation of the island nation© 2020 Financial Post, a division of Postmedia Network Inc. All rights reserved. As part of austerity measures implemented in Q2, the Moa JV will defer a number capital spend projects. As mining operations resume production activities, nickel inventory levels may rise given that supply could exceed demand as a number of industries that are large consumers of stainless steel, such as food and hospitality sector, will experience a delayed or slower economic recovery. Subsequent to quarter end, Sherritt completed a preliminary analysis of Block 10 test samples. Sherritt licenses its proprietary technologies and provides metallurgical services to mining and refining operations worldwide. They also gave media coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the immediate future.
The Corporation is the largest independent energy producer in Cuba, with extensive oil and power operations across the island. This development is putting additional pressure on producers of lower-grade material such as ferronickel, which is currently selling at significant discount. Refer to note 4 of the audited consolidated financial statements for the year ended December 31, 2019 for additional information. Shutdown costs for 2020 were consistent with plan and costs incurred in 2019. The Corporation’s common shares are listed on the Toronto Stock Exchange under the symbol “S”. Production volumes, unit operating costs and spending on capital Unit operating costs in Q2 2020 were $14.12/MWh, down 14% from $16.35/MWh for last year. Cookies are used to offer you a better browsing experience and to analyze our traffic. Sherritt International Corp (TSE:S) released its quarterly earnings results on Wednesday, July, 26th. View Sherritt International's … Despite the decline in MPR costs by 16%, NDCC rose as result of lower cobalt by-product credits of 27% due to reduced cobalt product sales and lower realized cobalt prices as well as lower realized fertilizer prices. Management believes these measures enable investors and analysts to compare the Corporation’s financial performance with its competitors and/or evaluate the results of its underlying business. Finished cobalt production for Q2 2020 was 425 tonnes, up 2% from 415 tonnes produced in Q2 2019.
The forward-looking information and statements contained herein are expressly qualified in their entirety by this cautionary statement. Its segment includes Moa JV and Fort site, Metals Other, Power, Corporate and Other segments. The Corporation uses combined results, Adjusted EBITDA, average-realized price, unit operating cost/NDCC, adjusted earnings/loss, adjusted operating cash flow and free cash flow to monitor the performance of the Corporation and its operating divisions. The company had revenue of $76.80 million for the quarter. Cash, cash equivalents and short-term investments at June 30, 2020 were $172.4 million, down from $193.4 million at March 31, 2020. NDCC in Q2 2020 was US$3.92/lb, up 2% from US$3.83/lb for the same period last year.