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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Sherritt International Corp    S   CA8239011031

SHERRITT INTERNATIONAL CORP (S)
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Sherritt International : Reports Fatality at its Power Generation Operations

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11/10/2017 | 06:19pm CEST

TORONTO--(BUSINESS WIRE)-- Sherritt International Corporation ('Sherritt') (TSX:S):

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Sherritt International Corporation ('Sherritt') (TSX:S) regrets to announce the death of an employee at the Energas S.A. power generation operations in Cuba due to an apparent electrocution while completing maintenance activities.

'We are deeply saddened by the news and have extended our condolences to the employee's family, friends and co-workers,' said David Pathe, President and CEO of Sherritt International. 'Employee health and safety are of paramount importance to us, and we will make every effort to never repeat this tragic accident.'

Sherritt has initiated an investigation and is working with local authorities to determine the cause of the accident.

Sherritt's power generation assets in Cuba are held through its one-third interest in Energas S.A., a Cuban joint arrangement established to process raw natural gas and generate electricity for sale to the Cuban national grid. Cuban government agencies Unión Eléctrica and Unión Cuba-Petróloeo hold the remaining two-thirds interest in Energas.

About Sherritt International Corporation

Sherritt is the world leader in the mining and refining of nickel from lateritic ores with projects and operations in Canada, Cuba, and Madagascar. The Corporation is the largest independent energy producer in Cuba, with extensive oil and power operations across the island. Sherritt licenses its proprietary technologies and provides metallurgical services to mining and refining operations worldwide. The Corporation's common shares are listed on the Toronto Stock Exchange under the symbol 'S'.

View source version on businesswire.com: http://www.businesswire.com/news/home/20171110005538/en/

Source: Sherritt International Corporation

Sherritt International Corporation published this content on 10 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 10 November 2017 17:18:05 UTC.

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Financials (CAD)
Sales 2018 192 M
EBIT 2018 -
Net income 2018 -1,00 M
Debt 2018 605 M
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019 14,40
EV / Sales 2018 4,65x
EV / Sales 2019 3,83x
Capitalization 286 M
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Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 1,92  CAD
Spread / Average Target 167%
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Managers
NameTitle
David V. Pathe Chairman, President & Chief Executive Officer
Stephen James Wood Chief Operating Officer & Executive Vice President
Andrew Snowden Chief Financial Officer & Senior Vice President
Robert Peter Charles Gillin Lead Independent Non-Executive Director
Richard Douglas Lapthorne Independent Non-Executive Director
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