Earnings Call Summary | SHERRITT INTL CORP(SHERF.US) Q1 2024 Earnings Conference
Earnings Call Summary | SHERRITT INTL CORP(SHERF.US) Q1 2024 Earnings Conference
The following is a summary of the Sherritt International Corporation (SHERF) Q1 2024 Earnings Call Transcript:
以下是Sherritt International Corporation (SHERF) 2024 Q1業績會議要點摘要：
Financial Performance:
金融業績：
Sherritt International reported Q1 2024 consolidated revenue of $28.8 million, a drop compared to Q1 2023's $58.6 million due to lower prices in nickel, cobalt, and fertilizers.
The company had an adjusted EBITDA of negative $6.5 million and their net loss from continuing operations was $40.9 million for Q1 2024.
However, there was an increase in available liquidity in Canada, currently at nearly $68 billion, reversing the negative trend from H2 2023.
Sherritt International報告了2024年第一季度的營業收入爲2,880萬美元，相比2023年第一季度的5,860萬美元下降，原因是鎳、鈷和肥料價格下跌。
公司2024年第一季度的調整後EBITDA爲負6,500萬美元，其持續經營的淨虧損爲4090萬美元。
然而，加拿大的可用流動性出現了增長，目前接近680億美元，扭轉了2023下半年的負面趨勢。
Business Progress:
業務進展：
Despite higher cost expectations, Sherritt's Mining division successfully reduced mining, processing and refining costs year-over-year in Q1 2024.
The new Slurry Preparation Plant was launched ahead of schedule and has been operating at design capacity from January 2024.
Their Power division is performing robustly, with anticipation for higher production levels.
Strategic moves are being made to strengthen power generation, including increasing gas supply in collaboration with Cuban partners.
Progress has been noted in leveraging technical expertise to unlock the processing value chain for the North American EV sector, as a move to counter Chinese dominance in refining battery materials.
儘管成本預期上升，Sherritt的礦業板塊成功地在2024年第一季度實現了採礦、加工和精煉成本的同比降低。
新的漿液製備廠提前啓動，並自2024年1月起按設計能力運行。
他們的電力板塊表現強勁，預計將實現更高產量。
正在採取戰略舉措加強電力發電，包括與古巴合作增加燃氣供應。
已經注意到運用技術專業知識解鎖North American EV sector的加工價值鏈的進展，以應對中國在電池材料精煉方面的主導地位。
More details: SHERRITT INTL CORP IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。