Sherritt withdraws 2020 production guidance on Covid-19 uncertainty; warns of deteriorating liquidity

Sherritt International has seen only modest impacts to its production as a result of Covid-19, but withdrew its production guidance for 2020 due to a number of market and economic uncertainties caused by the pandemic.

Prior guidance for 2020 nickel production was 32,000-34,000 tonnes, while cobalt guidance was for 3,300-3,600 tonnes this year.
The company has a 50% stake in the Moa joint venture, which has a nickel mine in Moa, Cuba, and a refinery in Fort Saskatchewan, Canada. The remaining 50% stake is held by the General Nickel Company S.A. of Cuba.

It is also the operator of the Ambatovy joint venture in Madagascar, in which it has a 12% stake. Other shareholders in the vertically-integrated nickel and cobalt mining, processing, refining and...

Silver outperformance driven by weak supply growth

Supply data still points to major silver deficit this year

Canada second most significant player in global mining M&A

Plenty of potential for continued rotation out of tech

Platinum to palladium ratio low, platinum to gold high, versus history