Nyrstartoday announced that 82,760,567 common shares of Breakwater Resources (which represent approximately 92.3% of the issued and outstanding Breakwater Shares on a fully diluted basis) have been validly deposited and taken up under the offer by Nyrstar to acquire all of the Breakwater Shares. The Nyrstar Offer was conditional on a number of [...]
Nyrstar announced earlier today that it has received approval from The Honourable Christian Paradis, Canada's Minister of Industry, under the Investment Canada Act for the proposed acquisition of all of the issued and outstanding common shares of Breakwater Resources announced on June 15, 2011. In addition, and as announced late yesterday, Nyrstar [...]
Nyrstar announced earlier today that it has received the required consents and approvals from anti-trust authorities in South Korea and Canada, and has waived the condition requiring receipt of Honduran anti-trust approval in relation to the proposed acquisition of all of the issued and outstanding common shares of Breakwater Resources announced on [...]
Breakwater Resources has today announced that, in order to comply with stock exchange requirements, it has fixed the record date for the payment of the Breakwater Special Dividend previously announced in Breakwater's June 15, 2011 and June 23, 2011 news release in connection with the offer by Nyrstar NV, through its direct wholly-owned subsidiary [...]
Breakwater Resources realized net earnings of $17.9 million or $0.23 per share in the second quarter of 2011 compared with $21.6 million or $0.31 per share in the second quarter of 2010. Gross sales revenue was 34% higher at $104.4 million primarily due to 32% more tonnes of concentrate sold and higher metal prices. Concentrate produced in the [...]
Breakwater today acknowledges notice of the announcement made by Nyrstar that the expiry time of the offer by Nyrstar Canada Resources, a wholly-owned subsidiary of Nyrstar, to purchase, upon the terms and subject to the conditions described in the Offer, all of the issued and outstanding common shares of Breakwater, at a price of Cdn.$7.00 in cash [...]
Breakwater Resources announces that Nyrstar, through its direct wholly-owned subsidiary, Nyrstar Resources Canada, has formally commenced the previously announced offer for Breakwater and couriered the Offer and take-over bid circular to shareholders today. The directors' circular of the Board of Directors of Breakwater has been concurrently [...]
Breakwater today announced that it has entered into a binding agreement with Nyrstar pursuant to which Nyrstar has agreed to make an all-cash offer to acquire all of the issued and outstanding shares of Breakwater by way of a friendly take-over bid. Under the terms of the Support Agreement, Breakwater shareholders will receive the following [...]
Breakwater will hold its annual meeting of shareholders at the Hockey Hall of Fame, Brookfield Place, 30 Yonge Street, Toronto, Ontario on Wednesday, June 15, 2011 at 10:00 a.m. (Toronto time). The meeting will also be accessible via a live webcast.
Breakwater realized net earnings of $30.8 million or $0.39 per share in the first quarter of 2011 compared with $24.9 million or $0.36 per share in the first quarter of 2010. The first quarter of 2011 net earnings included $19.0 million or $0.24 per share income tax recovery related to establishing a deferred tax asset for the Myra Falls operation [...]
Breakwater will hold a conference call on Thursday, May 12, 2011, commencing at 10:00 a.m. (ET) to discuss with analysts its financial and operating results for the interim period ended March 31, 2011. David Petroff, Chief Executive Officer will host the call which will also be accessible via a live webcast. Phone: 1-800-319-4610 or +1-604-638-5340 [...]
Breakwater Resources realized net earnings of $18.2 million or $0.25 per share in the fourth quarter of 2010 compared with $5.4 million or $0.08 per share in the fourth quarter of 2009. The Company realized net earnings of $87.2 million or $1.23 per share during 2010 compared with $0.8 million or $0.01 per share in 2009. David M. Petroff, President [...]