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Nyrstar's mines still cash-negative

Shares in integrated zinc mining and metals business Nyrstar fell nearly 25% in Brussels on Thursday after the company released September quarter results showing that negative cash flow in its mining business had contributed to a further increase in net debt.

Gareth Tredway
The Campo Morado mine in Mexico will be put on care and maintenance

The Campo Morado mine in Mexico will be put on care and maintenance

The company needs to refinance a €415 million, 5.375% coupon bond due in May next year, which, like the share price also fell on Thursday and was attracting a yield of 16.4%. “Net debt during the quarter...

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