Nyrstar loss widens in first half

Jul 25, 2013 | 01:06 PM | Mark Burton

Tags  Nyrstar, Roland Junck, Mike Giunti, Greg McMillan, Campo Morado, 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.....

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