<div id="readability-page-1">08:22 AM EST, 01/19/2026 (MT Newswires) -- Sherritt International ( SHERF ) said Monday that its nickel and cobalt production for 2025 hit the lower end of its revised annual guidance.The miner produced 25,240 tons of finished nickel, within the full-year target of 25,000-26,000 tons. Fourth-quarter production stood at 7,632 tons.Meanwhile, finished cobalt production reached 2,729 tons, meeting the annual guidance of 2,700-2,800 tons. Production in the fourth quarter totaled 849 tons.Sherritt ( SHERF ) said lower-than-expected production of mixed sulfides at the Moa operation in Cuba impacted feed availability at the refinery. This was primarily due to below-plan mined ore volumes, lower leach train availability, a delay in commodity procurement, national grid power outages and periods of reduced operating rates following Hurricane Melissa.Sherritt ( SHERF ) added that it did not acquire additional third-party feed given high payabilities in the intermediate market.&#34;Since my appointment in December, I have worked with our joint venture partner on a comprehensive operational turnaround at Moa to address the challenges we saw in 2025 and support a return to consistent operational performance at the site,&#34; interim chief executive officer Peter Hancock said.Meanwhile, Sherritt ( SHERF ) reported power generation of 799 Gigawatt-hour, narrowly missing the guidance of 800-850 GWh. Fourth-quarter generation was 210 GWh. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.</div>

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Sherritt International 报告称，其 2025 年的镍和钴产量达到了修订指引的下限，镍产量为 25,240 吨，钴产量为 2,729 吨。影响产量的因素包括矿石开采量减少和古巴莫阿（Moa）运营中的操作挑战。临时首席执行官彼得·汉考克（Peter Hancock）正在进行运营转型以改善业绩。此外，发电量略低于指引，为 799 GWh

Sherritt International 的镍和钴产量达到了修订后 2025 年指导范围的低端