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Nyrstar NV (NYR.BR)

NYR.BR on Brussels Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Nyrstar H1 underlying EBITDA beats Reuters poll
Wednesday, 2 Aug 2017 01:00am EDT 

Aug 2 (Reuters) - NYRSTAR NV ::H1 REVENUE EUR 1.81 BILLION VERSUS EUR 1.32 BILLION YEAR AGO.H1 UNDERLYING EBITDA EUR 111 MILLION MILLION VERSUS EUR 107 MILLION IN REUTERS POLL.LOSS FROM CONTINUING OPERATIONS IN H1 2017 OF EUR 56 MILLION, COMPARED TO A NET LOSS OF EUR 142 MILLION IN H1 2016.H1 LOSS FOR THE PERIOD EUR 21‍​ MLN VS LOSS OF EUR 242 MLN YEAR AGO.H1 ZINC METAL PROCESSING PRODUCTION 518,000 TONNES VERSUS 507,000 TONNES YEAR AGO.H1 LEAD METAL PROCESSING PRODUCTION 84,000 TONNES VERSUS 95,000 TONNES YEAR AGO.H1 ZINC IN CONCENTRATE MINING PRODUCTION 53,000 TONNES VERSUS 50,000 TONNES YEAR AGO.PRODUCTION OF LEAD AND BY-PRODUCTS DURING H1 2017 WAS NEGATIVELY IMPACTED BY UNPLANNED OUTAGES AT PORT PIRIE IN Q1 2017 - CEO.PORT PIRIE REDEVELOPMENT REMAINS ON TRACK FOR HOT COMMISSIONING BY END OF SEPTEMBER 2017.COMPANY STILL FACES A NUMBER OF HEADWINDS IN FORM OF A LOWER ZINC BENCHMARK TREATMENT CHARGE.COMPANY STILL FACES A NUMBER OF HEADWINDS IN FORM OF CURRENT WEAKENING OF US DOLLAR AGAINST EURO.WILL CONTINUE TO PROGRESS AGAINST CLEAR SET OF STRATEGIC PRIORITIES TO FURTHER STRENGTHEN AND TRANSFORM BUSINESS.STRATEGIC PRIORITIES FOR SECOND HALF OF YEAR AND INTO 2018 WILL BE DELIVERY OF PORT PIRIE REDEVELOPMENT.STRATEGIC PRIORITIES FOR SECOND HALF OF YEAR AND INTO 2018 WILL BE TO COMPLETE FULL POTENTIAL REVIEW OF ZINC SMELTING NETWORK.  Full Article

Nyrstar completes Campo Morado mine sale
Wednesday, 14 Jun 2017 01:00am EDT 

June 14 (Reuters) - NYRSTAR NV :REG-NYRSTAR: COMPLETION OF THE CAMPO MORADO MINE SALE FOR A TOTAL CASH CONSIDERATION OF USD 20 MILLION.‍TOTAL CASH CONSIDERATION OF USD 20 MILLION​.  Full Article

Nyrstar Q1 group underlying EBITDA at 55 million euros
Thursday, 4 May 2017 01:00am EDT 

May 4 (Reuters) - Nyrstar Nv : :Group underlying EBITDA of 55 million euros ($59.91 million)for Q1 2017, an increase of 14 million euros on Q1 2016.Net debt excluding zinc metal prepay and perpetual securities of 986 million euros at the end of Q1 2017.Q1 zinc metal processing production 261,000 tonnes versus 255,000 tonnes year ago.Q1 lead metal processing production 35,000 tonnes versus 47,000 tonnes year ago.Q1 zinc in concentrate mining production 23,000 tonnes versus 26,000 tonnes year ago.Q1 group revenue 932 million euros versus 638 million euros year ago.  Full Article

Nyrstar sells Campo Morado mine for $20 mln cash consideration
Friday, 28 Apr 2017 02:27am EDT 

April 28 (Reuters) - Nyrstar NV ::Announced on Thursday sale of Campo Morado mine for a total cash consideration of $20 million.Closing of the transaction is subject to customary closing conditions and is expected to occur by Q3 2017.  Full Article

Nyrstar announces results of its tender offer for convertible bonds due 2018
Thursday, 9 Mar 2017 01:47am EST 

Nyrstar Nv : Reg-Nyrstar announces results of its tender offer for convertible bonds due 2018 and confirms payment date . Nyrstar Netherlands (Holdings) B.V., a subsidiary of Nyrstar, announced results of its voluntary tender offer to purchase for cash any and all of outstanding 4.25 pct convertible bonds due 2018 issued by Nyrstar in original aggregate principal amount of 120 million euros ($126.41 million) .As at expiration date, 29,500,000 euros in aggregate principal amount of 2018 convertible bonds were validly tendered.  Full Article

Nyrstar Holdings prices 400 million euros notes at 100 pct with coupon of 6.875 pct per annum
Friday, 3 Mar 2017 08:30am EST 

Nyrstar NV : Nyrstar prices 400 million euros ($422.5 million) notes offering . Nyrstar Holdings, subsidiary of Nyrstar NV, announced today that it has priced its offering of 400 million euros senior unsecured notes due 2024 . Notes were priced at 100 percent with a coupon of 6.875 percent per annum . Principal amount of the notes offered was increased from 350 million euros to 400 million euros . Issuance of the notes, which is subject to conditions, is expected to occur on 10 March 2017 . Net proceeds to refinance amounts outstanding under convertible bonds due 2018 issued by nyrstar in an original aggregate principal amount of 120 million euros .Net proceeds to be also used to pay down indebtedness under, but not cancel, existing revolving facility agreements.  Full Article

Nyrstar launches notes offering and tender offer for convertible bonds due 2018
Monday, 27 Feb 2017 02:15am EST 

Nyrstar NV : Launches notes offering and tender offer for convertible bonds due 2018 . Intends to offer approximately 350 million euros ($369.74 million) of senior unsecured notes with an expected maturity in 2024 . Notes will be offered by Nyrstar Netherlands (Holdings) B.V. and guaranteed by Nyrstar, as parent guarantor, and certain subsidiaries of company . Nyrstar Netherlands launched a voluntary tender offer to purchase for cash any and all of outstanding 4.25 pct convertible bonds due 2018 issued by Nyrstar . Nyrstar's original aggregate principal amount of outsstanding covertible bonds due 2018 is 120 million euros . Tender offer is being made solely outside United States to non-U.S. persons .2018 convertible bonds may only be tendered in minimum principal amounts of 100,000 euros and denominations of 100,000 euros thereafter.  Full Article

Nyrstar says not willing to sell existing mines without right prices and terms - Conf call
Wednesday, 22 Feb 2017 04:39am EST 

Nyrstar NV : Continues to evaluate options to reduce net debt in 2017 including a number of secured and unsecured funding options - conference call . Is confident to generate substantial cash in the coming orders - conference call . Says debt interests are expected to be flat and not to increase in the future - conference call . Says won't put existing mines up for sale until getting right prices and terms - conference call . Sees significant profit potential in short-term particularly on mining uplift and zinc smelting network - conference call Further company coverage: [NYR.BR] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Nyrstar FY group underlying EBITDA down at 193 million euros
Wednesday, 22 Feb 2017 01:00am EST 

Nyrstar NV : FY net loss 414 million euros ($436.2 million) versus loss of 272 million euros in Reuters poll . FY group underlying EBITDA 193 million euros . FY zinc metal processing production 1,015,000 tonnes versus 1,115,000 tonnes year ago . 2016 metals processing underlying EBITDA of 222 million euros, down 114 million euros year-on-year . In medium term, bullish trend for zinc price is expected to continue . FY revenue 2.76 billion euros versus 2.91 billion euros in Reuters poll . FY zinc in concentrate mining production 96,000 tonnes versus 161,000 tonnes year ago . 2016 mining underlying EBITDA of 6 million euros, up 37 million euros year-on-year . Total estimated cost to complete Port Pirie redevelopment project is expected to increase by approximately 70 million euros to AUD 660 million ($507.1 million) .Expects to produce 1.0 – 1.1 million tonnes of zinc metal in 2017.  Full Article

Nyrstar completes sale of El Mochito mine
Wednesday, 21 Dec 2016 01:19am EST 

Nyrstar NV : Completion of the El Mochito mine sale for a total cash consideration of $0.5 million .Nyrstar and Morumbi have also entered into an off-take agreement pursuant to which Morumbi will sell to Nyrstar 100 percent of the zinc and lead concentrate production from El Mochito for the coming ten year period at benchmark terms.  Full Article

Nyrstar restarts output after worker suffer burns at Tasmania zinc plant

MELBOURNE Production has resumed at Nyrstar's Australian zinc operations in the southern state of Tasmania after an incident at the weekend in which a worker suffered significant burns, the company said on Monday.