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Sunday, 11/09/2014 1:29:59 PM

Sunday, November 09, 2014 1:29:59 PM

Post# of 159
AMBATOVY: RAMPING UP THE WORLD’S LARGEST LATERITIC FINISHED NICKEL OPERATION
Q3 2014 Highlights
• Record quarterly production
• C1 nickel costs consistent with previous guidance for current throughput levels
• Positive adjusted EBITDA for second consecutive quarter
• Improvement in autoclave operating hours reflects increased mechanical reliability
• Q3 PAL throughput was 974,775 tonnes or 66% of nameplate capacity (exceeds 58% in Q2)
• Throughput limited by (i) annual scheduled maintenance and (ii) process limitations relating to raw liquor neutralization circuit and counter current decantation wash circuit

http://www.sherritt.com/getattachment/46ab74de-c59f-4f5a-b848-bbe3d26a4603/Third-Quarter-2014-Conference-Call-Webcast