Nyrstar Maintains Full-Year Production Guidance for All Metals
Nyrstar NV (NYR), the world’s largest producer of refined zinc, maintained its full-year guidance for total metals production after zinc output declined 5 percent in the third quarter.
Zinc metal production fell to 266,000 tons in the July- September period from 279,000 tons in the prior quarter, the Balen, Belgium-based company said today in a statement. Nyrstar, which said year-to-date production is “in line with 2011,” forecasts full-year zinc output of about 1.1 million tons, compared with 1.125 million tons last year.
Third-quarter production of zinc in concentrate increased to 80,000 tons, up 5 percent from the prior period, Nyrstar said.
Nyrstar shares have declined 23 percent this year and closed at 4.69 euros in Brussels yesterday, down 2.2 percent on the day.
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