Nyrstar announced interim management statement for the third quarter and nine months of 2013. For the quarter, the company reported own mines produced approximately 65,000 tonnes of zinc in concentrate in the period, a 7% decline on the previous quarter. This decrease was driven by operational challenges at Myra Falls and Middle Tennessee mines. The East Tennessee mines continued to perform at a consistently high level, while the Langlois mine increased its production of zinc in concentrate due to the benefits of the optimisation programme put in place during second quarter 2013. Gold production in was significantly up on the previous quarter, mainly due to the planned and previously announced switch to mining higher grade gold ore faces at El Toqui, following its focus on mining zinc/lead ore faces in first half of 2013. For this reason, total lead in concentrate production was slightly down in third quarter 2013. Copper in concentrate production was impacted by the operational challenges at Campo Morado and Myra Falls, while silver production was down at several mines. In addition after assessing all options in the context of challenged financial performance and a lower precious metal price environment, Management took the decision to put the Coricancha mine on care and maintenance. For this reason and given the level of silver production achieved for the first nine months of 2013 at the other mines. The Metals Processing segment delivered strong results with zinc metal production of approximately 282,000 tonnes, an increase of 10% from second quarter 2013. Production rose at all of the zinc smelters quarter on quarter, with the Auby and Balen/Overpelt smelters delivering larger improvements, up 30% and 17% respectively, following planned maintenance shuts in second quarter of 2013. Despite a number of these planned shuts across the Metals Processing segment in first half of 2013, zinc metal production for the first nine months of 2013 was in line with the same period in 2012, emphasising the very strong performance in third quarter of 2013. The Auby smelter also produced a record indium metal in third quarter of 2013, while lead metal and silver production at Port Pirie were impacted by an unplanned one week shut of the sinter and blast furnace. The zinc price continued to trade between USD 1,800/t and USD 1,900/t, with the average price for the quarter in line with second quarter 2013. During the period gold and silver prices remained low while acid prices deteriorated across a number of regions. Given the sensitivity of company`s earnings to changes in those prices, this may impact 2013 results, however metal price hedges put in place in first half 2013 provide some protection against this. Based on current market dynamics, the outlook for both zinc premia and treatment charges appear favorable for smelters and positive momentum seems to be building behind zinc with major mine closures which started in 2013 and will continue in 2014.

For the nine months, the company reported own mine zinc in concentrate was 203,000 tonnes against 209,000 tonnes a year ago. zinc in concentrate was 214,000 tonnes against 230,000 tonnes a year ago. The gold production was 51.1 troy ounces against 66.2 troy ounces a year ago. Silver production was 3,541 troy ounces against 4,137 troy ounces a year ago. Copper in concentrate was 9.1 tonnes against 10.7 tonnes a year ago. Zinc metal processing was 801 tonnes against 803 tonnes a year ago. Average LME zinc price was USD 1,910 against USD 1,946 a year ago.

The company expects higher production volumes from its mines in fourth quarter of 2013, however some challenges are expected to continue within the Mining segment during fourth quarter of 2013. The company also expects the zinc price to continue to trade in this range during fourth quarter of 2013.

The company expects that full year 2013 silver guidance will be achieved and therefore lowers guidance to 4.7-4.9 million troy ounces (previously 5.25-5.75 million troy ounces). Therefore, the company lowers its full year 2013 zinc in concentrate production guidance to 265,000 - 280,000 tonnes (previously 300,000-340,000 tonnes). The company expects full year 2013 zinc metal guidance of 1.0-1.1 million tonnes is maintained.