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Nyrstar NV (NYR.BR)

NYR.BR on Brussels Stock Exchange

21 Apr 2017
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Latest Key Developments (Source: Significant Developments)

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 announces sale of coricancha
Tuesday, 20 Dec 2016 01:00am EST 

Nyrstar NV : Nyrstar announces sale of Coricancha mine in Peru to Great Panther Silver Limited . Closing of transaction is subject to customary closing conditions and is expected to occur in Q1 2017 . Total cash consideration of $0.1 million plus earn-out consideration of up to $10 million .Under earn-out, nyrstar will be paid 15 pct of free cash-flow generated by Coricancha mine during 5-year period after which Coricancha mine is cumulative free cash-flow positive from closing of transaction.  Full Article

Nyrstar announces new CEO
Tuesday, 13 Dec 2016 12:15pm EST 

Nyrstar NV : Announces that Bill Scotting, Chief Executive Officer of Nyrstar, has decided to leave company . Mr Hilmar Rode will be new Chief Executive Officer of Nyrstar effective immediately .Reiterates its 2016 full year guidance.  Full Article

Nyrstar underlying EBITDA down 43 pct to 123 million euros
Wednesday, 2 Nov 2016 02:26am EDT 

Nyrstar NV : Underlying EBITDA of 123 million euros ($136.12 million) for first nine months of 2016, approximately 43 pct down . Q3 revenue 659 million euros versus 858 million euros year ago . Q3 zinc metal processing production 245,000 tonnes versus 275,000 tonnes year ago . Q3 lead metal processing production 48,000 versus 48,000 tonnes year ago . Q3 zinc in concentrate mining production 24,000 tonnes versus 39,000 tonnes year ago . Operational and financial performance of group was materially impacted during Q3 with number of exceptional operational outage issues .Mining segment close to cashflow neutral and group cost reductions ahead of plan.  Full Article

Nyrstar announces restart of Middle Tennessee Mines to increase cash flow
Tuesday, 27 Sep 2016 01:00pm EDT 

Nyrstar NV : Nyrstar announces restart of Middle Tennessee Mines to increase cash flow . Cash flow will be generated from higher zinc prices, and from increasing Nyrstar's flexibility to optimize feed book across company . Ore production to commence during Q1 2017, and mill processing operations to commence in Q2 2017 . Capital costs of re-start are estimated to be approximately USD$14 million, to occur over 12 months until mill is at full production . Strategy of divesting Nyrstar mining assets has not changed and on-going mine divestment process will continue . "confident that we will see a smooth transition into production and reintegration with operations at East Tennessee Mines and Clarksville" - CEO . Restart will deliver a net cash benefit across company .Full capacity of 50,000 tonnes per annum of zinc in concentrate is expected to be reached by November 2017.  Full Article

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