Sherritt narrows Q3 loss as higher commodity prices, lower costs boost the bottom line

Canadian diversified miner Sherritt International has reported improved headline earnings for the three months ended September, as higher realised prices for nickel, cobalt and oil and lower unit operating costs, mainly for nickel and electricity boosted earnings. Excluding special items, the net loss narrowed to C$84.4-million, or C$0.29 a share, compared with an adjusted net loss of C$104.3-million, or C$0.34 a share in the same period a year earlier.