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Guidance

2020 PRODUCTION

Production volumes 2020 Guidance
Moa Joint Venture (tonnes, 100% basis)  
Nickel, finished 32,000 - 33,000
Cobalt, finished 3,300 - 3,400
Oil – Cuba (gross working-interest, bopd) 3,000 - 3,300
Oil and Gas – All operations (net working-interest, boepd) 1,800 - 2,000
Electricity (GWh, 33⅓% basis) 500 - 550

2020 UNIT COST

Unit operating costs 2020 Guidance
NDCC (US$ per pound)  
Moa Joint Venture $4.00 - $4.50
Oil and Gas - Cuba (unit operating costs, $ per barrel) $28.00 - $29.50
Electricity (unit operating cost, $ per MWh) $24.50 - $26.00

2020 SPENDING ON CAPITAL

Spending on capital(US$ millions) 2020 Guidance
Moa Joint Venture (50% basis), Fort Site (100% basis)(1) US$22 (CDN$30)
Oil and Gas US$4 (CDN$6)
Power (33⅓% basis) US$1 (CDN$1.3)
Spending on capital (excluding Corporate) US$27 (CDN$37)

(1) Spending is 50% of US$ expenditures for Moa JV and 100% expenditures for Fort Site fertilizer and utilities. 


Joe Racanelli,
Director,
Investor Relations.

Telephone: 1 416 935 2451
Email: investor@sherritt.com

TSX: S 0.20 +0.01 +2.63% Volume: 444,128 ~20 MIN. DELAY September 18, 2020