Posted in | News | Zinc

Nyrstar to Acquire Farallon Mining

Nyrstar will take over Farallon Mining in a friendly deal for around $380 million. The European company has offered 80 cents per share for Farallon Mining after close of markets on Monday. The shares last traded at 78 cents on the Toronto Stock Exchange.

Dick Whittington the president and chief executive of Farallon Mining said that they believed the offer represented a meaningful and fair premium to the current share price. The mining company’s chief asset is a zinc mine it operates in Mexico. The Campo Morado mine is about 160 km south west of Mexico City.

The offer from Nystar has received support from the board of directors and senior executives of Farallon Mining. It has also got the blessings of the single largest shareholder in the company, Acuity Investment Management Inc.

Paradigm Capital Inc has also reinforced the belief of the Farallon Mining board and executives as deeming the deal fair from a financial point of view. Nyrstar is a publically listed Belgian company. Its main focus of business is production of zinc metals and alloys along with lead.

Joel Scanlon

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.


Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Scanlon, Joel. (2019, March 19). Nyrstar to Acquire Farallon Mining. AZoMining. Retrieved on June 19, 2024 from

  • MLA

    Scanlon, Joel. "Nyrstar to Acquire Farallon Mining". AZoMining. 19 June 2024. <>.

  • Chicago

    Scanlon, Joel. "Nyrstar to Acquire Farallon Mining". AZoMining. (accessed June 19, 2024).

  • Harvard

    Scanlon, Joel. 2019. Nyrstar to Acquire Farallon Mining. AZoMining, viewed 19 June 2024,

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.