Overview

* Sherritt ( SHERF ) Q3 adjusted loss per share beats analyst expectation

* Adjusted EBITDA for Q3 beats estimates, reflecting cost optimization efforts

* Company completes Moa JV expansion, phase two ramp up advancing

* Q3 net loss from continuing operations was $19.5 million

Outlook

* Sherritt ( SHERF ) revises 2025 finished nickel production guidance to 25,000-26,000 tonnes

* Company lowers 2025 finished cobalt production guidance to 2,700-2,800 tonnes

* Sherritt ( SHERF ) maintains NDCC guidance at US$5.75/lb to US$6.25/lb

* Implementation of cost reduction initiatives anticipated to save C$20 mln annually

Result Drivers

* CUBAN OPERATING CHALLENGES - Complex Cuban operating environment impacting production, recovery plan in place

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 C$39.7

Revenue mln

Q3 Beat -C$0.03 -C$0.05

Adjusted (1

EPS Analyst)

Q3 Net -C$19.5

Income mln

Q3 Beat C$1.6 C$300,00

Adjusted mln 0 (1

EBITDA Analyst)

Q3 -C$24

Combined mln

Free

Cash

Flow

Q3 Net -C$19.5

Income mln

from

Cont Ops

Analyst Coverage

* The one available analyst rating on the shares is "hold"

* The average consensus recommendation for the diversified mining peer group is "buy."

* Wall Street's median 12-month price target for Sherritt International Corp ( SHERF ) is C$0.20, about 37.5% above its November 4 closing price of C$0.13

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)