Sherritt International CFO Yasmin Gabriel, Auditor Deloitte Resign
Sherritt expects a filing delay and a possible trading halt after Deloitte resigned and its chief financial officer stepped down, the company said.
- On Tuesday, May 12, 2026, Sherritt International Corporation announced that external auditor Deloitte LLP and Chief Financial Officer Yasmin Gabriel have resigned, forcing the company to miss its May 15 filing deadline for first-quarter financial statements.
- The U.S. government's May 1 expansion of sanctions against Cuba prompted the departures, as Sherritt holds a 50 per cent interest in the Moa joint venture that mines nickel shipped to Canada for refining.
- Shares of the company fell more than 20 per cent following the announcements, and the Ontario Securities Commission is expected to issue a Failure to File Cease Trade Order prohibiting securities trading in Canada.
- Sherritt has commenced a request for proposal process for new external audit services, though the U.S. executive order may complicate the willingness of firms to accept the engagement.
- Although Sherritt has not been formally designated under the U.S. executive order, the corporation warned that such status could occur at any time, creating significant uncertainty regarding future regulatory compliance.
12 Articles
12 Articles
Sherritt warns on trading after external auditor, finance chief depart (SHERF:OTCMKTS)
Sherritt International said its external auditor has resigned and finance chief has left the company, likely causing a delay in Q1 financial filings and possibly a trading halt in Canada.
Winnipeg Free Press
Sherritt shares down after auditors and CFO resign amid U.S. sanctions
TORONTO - Shares of Sherritt International Corp. fell more than 20 per cent after the company said it will be unable to file its first-quarter financial statements this week following the resignation of both its auditors and chief financial officer.
Turmoil Hits Sherritt International Amid Auditor and CFO Exits
Sherritt International faces challenges as its external auditor, Deloitte, resigns, and CFO Yasmin Gabriel departs, leading to delays in financial filings. These developments come amidst U.S. sanctions on Cuba affecting Sherritt's joint venture with Moa Nickel. The company is initiating steps to appoint a new auditor.
Sherritt Provides Update on Various Matters including Resignation of CFO and Auditor
Sherritt International Corporation ("Sherritt" or the "Corporation") (TSX:S) announces that Deloitte LLP has formally resigned as the Corporation's external auditor, effective May 12, 2026. The resignation was not the
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