In the Mining segment Nyrstar's own mines produced approximately 65,000 tonnes of zinc in concentrate in Q3 2013, a 7% decline on the previous quarter. This decrease was driven by operational challenges at Myra Falls and Middle Tennessee mines. The East Tennessee mines continued to perform at a consistently high level, while the Langlois mine increased its production of zinc in concentrate due to the benefits of the optimisation programme put in place during Q2 2013. Nyrstar expects higher production volumes from its mines in Q4 2013, however some challenges are expected to continue within the Mining segment during Q4 2013. Therefore, Nyrstar lowers its full year 2013 zinc in concentrate production guidance to 265,000 - 280,000 tonnes (previously 300,000-340,000 tonnes).

Gold production in Q3 2013 was significantly up on the previous quarter, mainly due to the planned and previously announced switch to mining higher grade gold ore faces at El Toqui, following its focus on mining zinc/lead ore faces in H1 2013. For this reason, total lead in concentrate production was slightly down in Q3 2013. Copper in concentrate production was impacted by the operational challenges at Campo Morado and Myra Falls, while silver production was down at several mines. In addition after assessing all options in the context of challenged financial performance and a lower precious metal price environment,  Management took the decision to put the Coricancha mine on care and maintenance. For this reason and given the level of silver production achieved for the first nine months of 2013 at the other mines, Nyrstar believes it is unlikely that full year 2013 silver guidance will be achieved and therefore lowers guidance to 4.7-4.9 million troy ounces (previously 5.25-5.75 million troy ounces).

The Metals Processing segment delivered a strong Q3 2013 with zinc metal production of approximately 282,000 tonnes, an increase of 10% from Q2 2013, and the highest quarterly production since Q4 2011. Full year 2013 zinc metal guidance of 1.0-1.1 million tonnes is maintained. Production rose at all of the zinc smelters quarter on quarter, with the Auby and Balen/Overpelt smelters delivering the largest improvements, up 30% and 17% respectively, following planned maintenance shuts in Q2 2013. Despite a number of these planned shuts across the Metals Processing segment in H1 2013, zinc metal production for the first nine months of 2013 was in line with the same period in 2012, emphasising the very strong performance in Q3 2013. The Auby smelter also produced a record indium metal in Q3 2013, while lead metal and silver production at Port Pirie were impacted by an unplanned one week shut of the sinter and blast furnace (as stated in Nyrstar's Half Year 2013 results).

During Q3 2013 the Marketing, Sourcing and Sales (MSS) segment delivered a number of important milestones as part of Nyrstar's new commercial strategy. Nyrstar entered into a strategic offtake and marketing agreement for some of its European commodity grade metal with Noble starting January 2014. Discussions on direct sales, marketing and financing opportunities continue with a number of market participants for remaining European volumes, as Nyrstar believes the best way to market its product is through a multi-channel approach. This could include placing commodity grade zinc metal and other products in offshore markets, a route which was tested during Q3 2013.  With regards to the sourcing of raw materials Nyrstar entered tenders for concentrates for the first time and held key contract negotiations with a number of suppliers. To support the implementation of the new strategy Nyrstar has made a number of senior level appointments to MSS to build its capabilities and market insight.

The zinc price continued to trade between USD 1,800/t and USD1,900/t during Q3 2013, with the average price for the quarter in line with Q2 2013, and Nyrstar expects the zinc price to continue to trade in this range during Q4 2013. During Q3 2013 gold and silver prices remained low while acid prices deteriorated across a number of regions. Given the sensitivity of Nyrstar's earnings to changes in those prices, this may impact 2013 results, however metal price hedges put in place in H1 2013 provide some protection against this. Based on current market dynamics, the outlook for both zinc premia and treatment charges appear favourable for smelters and positive momentum seems to be building behind zinc with major mine closures which started in 2013 and will continue in 2014.

About Nyrstar
Nyrstar is an integrated mining and metals business, with market leading positions in zinc and lead, and growing positions in other base and precious metals; essential resources that are fuelling the rapid urbanisation and industrialisation of our changing world.  Nyrstar has mining, smelting, and other operations located in Europe, the Americas, China and Australia and employs over 7,000 people. Nyrstar is incorporated in Belgium and has its corporate office in Switzerland. Nyrstar is listed on NYSE Euronext Brussels under the symbol NYR. For further information please visit the Nyrstar website, www.nyrstar.com