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Sherritt Doubles Power Dividends as Moa Mine Faces Operational Review After 2025 Shortfalls

Story Highlights
  • Sherritt’s 2025 nickel and cobalt output hit revised guidance lows, prompting an operational review at its Moa mine after significant disruptions and constraints.
  • Power division performance stayed strong, with Energas dividends doubling to $26 million despite slightly lower electricity output due to grid-stabilization requirements in Cuba.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Sherritt Doubles Power Dividends as Moa Mine Faces Operational Review After 2025 Shortfalls

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Sherritt International ( (TSE:S) ) has shared 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 continued operational disruptions at the Moa mine, including below-plan ore volumes, equipment availability issues, procurement delays, national grid power outages, and impacts from Hurricane Melissa, as well as a deliberate decision not to purchase higher-cost third-party feed. Despite these constraints, net direct cash costs for nickel remained within the original guidance range, aided by higher cobalt by-product credits and cost optimization, while the Power division’s electricity production came in slightly below guidance because Cuban authorities required plants to operate in frequency control mode, though Energas was fully compensated, allowing Sherritt to double its annual dividends from Energas to $26 million and maintain strong profitability. In response to 2025 challenges and rising geopolitical uncertainty around the Moa operation, interim CEO Dr. Peter Hancock has launched a comprehensive operational review with the joint venture partner to stabilize the site, restore mixed sulphides production to pre-2025 levels, and then reassess and optimize the Moa expansion ramp-up, signaling a push to reinforce operational reliability and secure the long-term benefits of its growth strategy.

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 resource company primarily focused on the mining and refining of nickel and cobalt through its Moa Joint Venture, as well as electricity generation in Cuba via its Power division and the Energas S.A. partnership. The company targets global markets for battery and specialty metals while also supplying power within Cuba, positioning itself at the intersection of critical mineral supply and energy infrastructure in a challenging geopolitical environment.

Average Trading Volume: 613,661

Technical Sentiment Signal: Hold

Current Market Cap: C$129M

Learn more about S stock on TipRanks’ Stock Analysis page.

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