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

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...

Published

Archie Hunter

Consuelo de la Jara

July 19, 2019

11:35 GMT

London