Sherritt Cuts Moa Output on Cuban Fuel Shortage, Keeps Canadian Refinery Running

An update from Sherritt International ( (TSE:S) ) is now available.

Sherritt International has curtailed operations at its Moa joint venture in Cuba due to national fuel supply constraints, with mining expected to pause and the processing plant moved to standby while maintenance is carried out. The company is seeking alternative sources of key inputs and assessing options to sustain Moa and Fort Saskatchewan production, while managing expenditures and exploring temporary funding to preserve liquidity and will update its 2026 guidance once it has clearer visibility on supply chain and operational timelines.

Fort Saskatchewan refinery operations in Alberta remain unaffected for now, with feed inventory expected to support nickel and cobalt production until about mid-April, and power generation at Energas in Cuba continues as normal. The disruption in Cuba underscores Sherritt’s exposure to fuel availability risks in that market but also highlights the strategic importance of its Canadian refining assets and ongoing efforts to maintain financial flexibility for stakeholders amid uncertainty.

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 is a Canadian resource company specializing in hydrometallurgical mining and refining of nickel and cobalt, metals considered critical for the energy transition. It operates a key refinery in Fort Saskatchewan, Alberta, described as the only significant cobalt refinery and one of three nickel refineries in North America, alongside its cost-competitive Moa Joint Venture in Cuba and a power division that is the largest independent energy producer in Cuba through Energas.

Average Trading Volume: 794,431

Technical Sentiment Signal: Hold

Current Market Cap: C$101.7M

For an in-depth examination of S stock, go to TipRanks’ Overview page.