Going naked on sliding zinc cost Nyrstar $35mln in H1; Port Pirie lead outage quantified

July 20, 2019 / www.metalbulletin.com / Article Link

Nyrstar lost ?,?31 million ($34.8 million) as a result of closing out inventory zinc and lead hedges in the first half of the year, the company said on Friday July 19.

"Nyrstar realized a one-off cash benefit of approximately $40 million and since this time has been fully exposed to fluctuations in metal prices for its metal at risk," it said in an update from its 2018 annual results where it had announced the end to its hedging...

Recent News

China's gold holdings to central bank reserves still low

September 30, 2024 / www.canadianminingreport.com

China has broad effect on gold market

September 30, 2024 / www.canadianminingreport.com

Gold stocks mixed after previous week's huge gains

September 23, 2024 / www.canadianminingreport.com

Large TSXV gold multiple driven up by high Artemis weighting

September 23, 2024 / www.canadianminingreport.com

Monetary-driven precious metals outperform major base metals

September 09, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok