Updating SHERRITT INTERNATIONAL, STANTEC INC. and CIMAREX ENERGY

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SHERRITT INTERNATIONAL $3.02 (Toronto symbol S; TSINetwork Rating: Speculative) (1-800-704- 6698; www.sherritt.com; Shares outstanding: 297.3 million; Market cap: $1.0 billion; Dividend yield: 1.3%) has announced that its new Ambatovy mine on the island nation of Madagascar, off Africa’s east coast, has achieved commercial production. Commercial production is defined as 70% of capacity on average over a 30-day period. Sherritt will now focus on reaching full capacity, which is 60,000 tonnes of nickel and 5,500 tonnes of cobalt a year. Ambatovy is a joint venture that includes Sherritt, which owns 40% and operates the facility; Sumitomo Corp. and Korea Resources Corp., with 27.5% each; and SNC-Lavalin (a recommendation of The Successful Investor) with 5%. Sherritt International is a buy. STANTEC INC. $66.17 (Toronto symbol STN; TSINetwork Rating: Extra Risk) (780-917-7288; www.stantec.com; Shares outstanding: 46.4 million; Market cap: $3.1 billion; Dividend yield: 1.0%) sells a range of consulting, project delivery, design and technology services. Its clients operate in a variety of industries,…