Nyrstar: Completion of the El Toqui mine sale for a total cash consideration of USD 25 million and price participation

Balen, BELGIUM


Regulated Information - Inside Information

3 November 2016 at 07:00 CET

Nyrstar NV ("Nyrstar" or the "Company") today announces that it has successfully completed the sale of its El Toqui mine in Chile to Laguna Gold Limited, an Australian based mining company, for a total cash consideration of USD 25 million, plus future proceeds through a price participation agreement with Laguna.

As previously announced, the share purchase agreement for the sale was entered into on 27 June 2016 and had a number of customary conditions precedent that needed to be satisfied before the transaction could complete. 

As part of the completed sale, Nyrstar and Laguna have also entered into an off-take agreement pursuant to which Laguna will sell to Nyrstar 100% of the zinc concentrate production from El Toqui for the coming four year period and 85% of the zinc concentrate production thereafter.


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 5,000 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:


Attachments

Press Release (Dutch) Press Release (English)