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Nyrstar NV

Publié le 14 juin 2017

Completion of the Campo Morado mine sale for a total cash consideration of USD 20 million

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Mots clés associés :   Cash | Europe | G Mexico | Mine | Precious Metals | Zinc |
   

Published: 07:00 CEST 14-06-2017 /GlobeNewswire /Source: Nyrstar / : NYR /ISIN: BE0974294267

Nyrstar: Completion of the Campo Morado mine sale for a total cash consideration of USD 20 million

Regulated Information - Inside Information


14 June 2017 at 07:00 CET

 

Nyrstar NV ("Nyrstar") today announces that it has successfully completed the sale of its Campo Morado mine in Mexico to Telson Resources Inc. and Reynas Minas S.A. de C.V. for a total cash consideration of USD 20 million (the "Consideration"), plus the potential for additional future proceeds through a variable purchase price agreement linked to production at the Campo Morado mine (the "Transaction")..

 

As previously announced, the share purchase agreement for the Transaction was entered into on 27 April 2017 and had a number of customary conditions precedent that needed to be satisfied before the Transaction could complete. 

 

The Consideration payable to Nyrstar consists of USD 0.8 million that was paid to Nyrstar upon signing the Agreement in April 2017, USD 2 million that was paid to Nyrstar on closing of the Transaction, USD 0.7 million to be paid within June 2017 , and USD 16..5 million payable in cash that will be paid to Nyrstar on or before the 12 month anniversary of the closing.

 

About Nyrstar

Nyrstar is a global multi-metals business, with a market leading position in zinc and lead, and growing positions in other base and precious metals, which are 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 and Australia and employs approximately 4,300 people. Nyrstar is incorporated in Belgium and has its corporate office in Switzerland. Nyrstar is listed on Euronext Brussels under the symbol NYR. For further information please visit the Nyrstar website: www.nyrstar.com.

 


For further information contact:                                       

Anthony Simms -   Group Manager Investor Relations   T: +41 44 745 8157   M: +41 79 722 2152   anthony.simms@nyrstar.com
Franziska Morroni - Group Manager Corporate Communications T: +41 44 745 8295 M: +41 79 719 2342
franziska.morroni@nyrstar.com

 

The full press release can be downloaded from the following link:




Press Release (English)
Press Release (Dutch)



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Nyrstar NV

PRODUCTEUR
CODE : NYR.BE
ISIN : BE0003876936
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Nyrstar est une société de production minière de zinc et d'argent basée en Belgique.

Nyrstar est productrice de zinc, d'argent, de cuivre, d'or et de plomb au Mexique et au Perou, et détient divers projets d'exploration au Mexique.

Ses principaux projets en production sont CORICANCHA au Perou et G-9 CAMPO MORADO au Mexique et ses principaux projets en exploration sont CAMPO MORADO, EAST TENNESSEE et MIDDLE TENNESSEE au Mexique.

Nyrstar est cotée en Allemagne. Sa capitalisation boursière aujourd'hui est 459,4 millions €UR (588,4 millions US$, 400,0 millions €).

La valeur de son action a atteint son plus haut niveau récent le 24 juin 2005 à 2,70 €UR, et son plus bas niveau récent le 28 novembre 2008 à 0,38 €UR.

Nyrstar possède 935 640 000 actions en circulation.

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