Nyrstar loss widens in first half
Jul 25, 2013 | 01:06 PM
| Mark Burton
LONDON Nyrstar NV recorded a 92-million ($121-million) loss in the first half of the year as weaker base and precious metal prices, operational outages and restructuring charges weighed on results.
The loss was bigger than the 63-million loss in the second half of last year and a 32-million loss in the first six months of 2012.
Weaker base metal prices were partially offset by a strategic options hedge opened in the first half, the Zurich-based company said July 25, while it also hedged a portion of its gold and silver production to offset potentially lower prices in the second half.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.