Toronto-Sherritt International Corp. reported that due to the timing of spring season sales, fertilizer sales volumes for the first quarter ending March 31, 2010, dropped to 26,694 mt from the year-ago 31,651 mt. Fertilizer revenues were C$8.5 million, down from the year-ago $12.1 million. Fertilizer operating costs were C$8.3 million, down from 1Q 09’s C$12.3 million. The company reported potash royalties of $3.3 million versus the year-ago $4.3 million. First-quarter sulfur and sulfuric acid costs were US$114/mt and US$129.60/mt, versus the year-ago US$153.61/mt and US$184.94/mt, respectively. Company-wide, Sherritt reported net income of C$59.7 million ($.20 per diluted share) on sales of $393.3 million, versus the year-ago loss of $42.9 million ($.15 per diluted share) on sales of $349.6 million.
Transparency Across the Fertilizer Value-Chain