Sherritt:2020 annual nickel output fell 5% year-on-year, cobalt production was basically the same.

Recently, Sherritt released production results for 2020 and guidelines for 2021, with the Moa joint venture producing 31506 tons of finished nickel in 2020, down nearly 5 per cent from last year, and 3370 tons of finished cobalt, roughly the same as last year. In 2019, its nickel and cobalt production was 33108 and 3376 tons, respectively.

Output in 2020:

Production of finished nickel and cobalt products in the first quarter of 2020 was disrupted by railway services in the first quarter and extended plant shutdowns in the third quarter, due to increased scope of work found and reduced availability of contractors due to COVID-19 and adverse effects on unplanned maintenance of autoclaves in the fourth quarter. The total production achieved by the Moa joint venture in 2020 benefited from other health and safety measures implemented in the first quarter to prevent the spread of COVID-19.

By 2021, the Moa joint venture is expected to produce between 32000 and 34000 tons of nickel and 3300 and 3600 tons of cobalt, respectively. Production in 2021 is expected to be in line with the initial guidance for 2020 and the recent performance of the Moa joint venture, reflecting a continuing commitment to operational excellence and employee health and safety.

2021 production guidance:

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