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Sherritt Doubles Energas Dividends as Moa Mine Faces Operational Strains in 2025

Story Highlights
  • Sherritt’s 2025 nickel and cobalt production hit revised guidance lows amid operational disruptions at its Moa mine.
  • Energas power dividends to Sherritt doubled to $26 million, supporting cash flow as the company reviews and stabilizes Moa operations.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Sherritt Doubles Energas Dividends as Moa Mine Faces Operational Strains in 2025

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Sherritt International ( (TSE:S) ) has provided an update.

Sherritt International reported its fourth-quarter and full-year 2025 production results, with finished nickel and cobalt output at the lower end of revised guidance due to operational challenges at the Moa mine, including lower ore volumes, leach train issues, supply delays, grid power outages and hurricane-related disruptions. Despite these setbacks, net direct cash costs for nickel remained within original guidance, helped by stronger cobalt prices and cost optimization, while electricity production was slightly below guidance as Cuban authorities required Sherritt’s plants to operate in frequency control; this curtailed output but did not affect earnings or dividends thanks to full compensation from the power off-taker. The company doubled dividends received from its Energas power venture to $26 million in 2025 and has launched a comprehensive operational review at Moa with its joint venture partner, aiming to stabilize operations, restore mixed sulphides production to pre-2025 levels, and optimize the timing and benefits of its expansion program amid elevated geopolitical risks in the region.

The most recent analyst rating on (TSE:S) stock is a Hold with a C$0.26 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 Toronto-based resources company focused on the mining, refining and production of nickel and cobalt through its Moa Joint Venture, as well as power generation in Cuba via its Energas S.A. partnership. The company targets battery and industrial metals markets while operating thermal power assets that supply electricity to the Cuban national grid.

Average Trading Volume: 613,661

Technical Sentiment Signal: Hold

Current Market Cap: C$129M

For detailed information about S stock, go to TipRanks’ Stock Analysis page.

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