July 31, 2013 / 12:27 PM / in 4 years

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

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