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.
To contact the reporter on this story: Jones Hayden in Brussels at email@example.com
To contact the editor responsible for this story: Jerrold Colten at firstname.lastname@example.org