Sherritt International Reports Third Quarter 2026 Financial Results and Operational Update

Sherritt International reported a third-quarter 2026 net loss from continuing operations of $79.3 million, or $0.11 per share, an adjusted net loss of $50.9 million and adjusted EBITDA of negative $30.2 million. Citing operational challenges related to U.S. sanctions on its Cuba business, the company will temporarily lay off about 280 employees—47% of its Canadian workforce—for 90 days starting November 16 to preserve liquidity. Sherritt had $42.4 million in available liquidity in Canada as of September 30, 2026.