Nyrstar completes sale of Campo Morado zinc mine for $20m

Nyrstar has completed the sale of its Campo Morado mine in Mexico to Telson Resources and Reynas Minas SA de CV for $20 million in cash plus the potential for additional future proceeds through a variable purchase price agreement linked to production at the mine.

Mining of zinc and copper at Campo Morado has been suspended since the first quarter of 2015 when it was shut "due to deteriorating security in the state" of Guerrero,...

Published

Shivani Singh

June 14, 2017

08:02 GMT

Singapore