Sherritt International posts loss due to lower nickel prices
(Reuters) - Canadian miner Sherritt International Corp S.TO posted a loss in the second quarter, compared with a profit a year earlier, due to lower prices of nickel and cobalt and fall in sales volumes.
The nickel miner posted a net loss of C$10.7 million ($10.4 million), or 4 Canadian cents per share, compared with a net profit of C$40.8 million, or 14 Canadian cents per share, a year earlier.
Revenue fell 10 percent to C$338.5 million.
(Reporting by Bhaswati Mukhopadhyay in Bangalore)
© Thomson Reuters 2017 All rights reserved.