Sherritt swings to loss, but Pathe optimistic
Apr 30, 2014 | 05:48 PM
| Rey Mashayekhi
NEW YORK Sherritt International Corp. posted a first-quarter net loss of Canadian $48.2 million ($43.97 million), despite positive production figures from its Ambatovy Mine in Madagascar and the recent sale of its coal business.
The Toronto-based miner noted in its financial report April 30 that earnings were "affected by the impact of higher financing expense related to foreign exchange losses as a result of the weakening Canadian dollar," as well as depreciation, depletion and amortization being....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.