Potash Corporation of Saskatchewan is out with their end-of-year financial report.

In the fourth-quarter, shares were at seven cents each, which is a drop of 17 cents per share from the previous year.

Overall, earnings for the year is estimated at 40 cents per share, or $336-million. Yearly shares were at $1.52 in 2015.

PCS says that recent positive pricing trends are expected to continue through 2017, with a forecast between 35 and 55 cents per share for the year.

A shutdown for the Lanigan mine that was scheduled for early 2017 was called off after PCS saw changes in the markets.

CEO Jochen Tilk also provided an update on the merger with Agrium, stating that they anticipate the deal closing midway through the year.