Nyrstar: Completion of the El Mochito mine sale fo
Post# of 301275
Regulated Information - Inside Information
21 December 2016 at 07:00 CET
Nyrstar NV ("Nyrstar" or the "Company") today announces that it has successfully completed the sale of its El Mochito mine in Honduras to Morumbi Resources Inc ("Morumbi"), a Canadian based mining company, for a total cash consideration of USD 0.5 million.
As previously announced, the share purchase agreement for the sale was entered into on 22 September 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 Morumbi have also entered into an off-take agreement pursuant to which Morumbi will sell to Nyrstar 100% of the zinc and lead concentrate production from El Mochito for the coming ten year period at benchmark terms.
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:
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