Nyrstar NV reported Group interim management statement for the third quarter and nine months ended September 30, 2017. For the quarter, group revenue was EUR 824 million against EUR 656 million a year ago. Group underlying EBITDA was EUR 51 million against EUR 30 million a year ago. Group Capex was EUR 106 million against EUR 53 million a year ago.

For nine months, group revenue was EUR 2,630 million against EUR 1,976 million a year ago. Group underlying EBITDA was EUR 162 million against EUR 120 million a year ago. Group Capex was EUR 267 million against EUR 179 million a year ago. Net debt inclusive of Zinc Prepay and Perpetual Securities as at September 30, 2017 was EUR 1,387 million against EUR 1,025 million a year ago. Net debt exclusive of Zinc Prepay and Perpetual Securities as at September 30, 2017 was EUR 1,138 million against EUR 787 million a year ago.

For the quarter, the company reported zinc metal production of 247,000 tons against 245,000 tons a year ago. Lead metal production was 39,000 tons against 48,000 tons a year ago. Zinc in concentrate production was 34,000 tons against 22,000 tons a year ago.

For nine months, the company reported zinc metal production of 766,000 tons against 752,000 tons a year ago. Lead metal production was 123,000 tons against 143,000 tons a year ago. Zinc in concentrate production was 88,000 tons against 72,000 tons a year ago.

The company reaffirms that the incremental EBITDA uplift from the redevelopment, using 2016 as a basis, will increase from the previous full ramp-up guidance of EUR 80 million per annum and is expected to be in the region of EUR 40 million in 2018, EUR 100 million in 2019 and EUR 130 million per annum from 2020. The expected project cost to complete the redevelopment is also reaffirmed as approximately AUD 660 million. The total capex remains in-line with full year guidance provided for fiscal 2017 (EUR 275 million ­ EUR 340 million).

Metals Processing produced approximately 766,000 tons of zinc metal in 9 months 2017, in-line with full year 2017 guidance (1.0 million to 1.1 million tons), representing a 2% increase on 9 months 2016.