Sherritt curtails Cuban mine as fuel crunch threatens Moa output

Sherritt International ( (TSE:S) ) just unveiled an announcement.

Sherritt International has cut operations at its Moa nickel and cobalt joint venture in Cuba because fuel deliveries to the site have been halted, forcing it to plan a pause in mining and to place the processing plant on standby, where it will conduct maintenance. The company is working with local counterparts and exploring alternative sources of input commodities while assessing how to maintain production and preserve liquidity.

The Fort Saskatchewan refinery in Alberta continues to operate normally, with sufficient feed inventory expected to support production until about mid-April, and operations at Cuban power producer Energas remain unaffected. Sherritt is managing expenditures, considering temporary funding options, and plans to update its 2026 guidance once it gains clarity on fuel supply, supply-chain stability, and the timing for a full restart at Moa, developments that could influence its critical-minerals output and financial flexibility.

The most recent analyst rating on (TSE:S) stock is a Hold with a C$0.24 price target. To see the full list of analyst forecasts on Sherritt International stock, see the TSE:S Stock Forecast page.

Spark’s Take on TSE:S Stock

According to Spark, TipRanks’ AI Analyst, TSE:S is a Neutral.

The score is held back primarily by weak financial performance (ongoing losses, margin pressure, and negative operating/free cash flow). Technicals are supportive with strong momentum above major moving averages, but overbought signals raise short-term risk. Valuation offers limited support because profitability is negative and no dividend yield is available.

To see Spark’s full report on TSE:S stock, click here.

More about Sherritt International

Sherritt International Corporation is a Canadian resource company specializing in hydrometallurgical mining and refining of nickel and cobalt, metals considered critical for the global energy transition. It operates a key refinery in Fort Saskatchewan, Alberta, one of only a few nickel refineries and the only significant cobalt refinery in North America, and runs the Moa Joint Venture in Cuba with an estimated mine life of about 25 years.

The company also has a Power division through its ownership in Energas S.A., the largest independent energy producer in Cuba. Energas processes domestically sourced natural gas to generate electricity for the Cuban national grid, providing Sherritt with a diversified footprint across critical minerals and power generation in the Americas.

Average Trading Volume: 794,431

Technical Sentiment Signal: Hold

Current Market Cap: C$101.7M

For a thorough assessment of S stock, go to TipRanks’ Stock Analysis page.