Sherritt International Corporation Reports Production Results for 2016; Provides Production Guidance for 2017
The company provided production guidance for 2017. For the period, the company expects production of nickel, finished to be 81,000-86,000 tonnes, production of cobalt, finished to be 7,300-7,900 tonnes and power production 2,550 - 2,700 GWh. Total spending on capital is expected to be higher in 2017, reflecting exploratory drilling in Block 10 and additional capital at Ambatovy for additional mining fleet equipment and mine development works.