Breakwater Resources

Breakwater Resources was a Canadian mining company headquartered in Toronto, Ontario. Its business was organized around the ownership and operation of base-metal mining properties in North and South America. The company operated six mines at different points in its history: Myra Falls in British Columbia, Langlois in Quebec, El Mochito in Honduras, El Toqui in Chile, Nanisivik in Nunavut, and Bouchard-Hebert in Quebec. The latter two properties were closed before the company was acquired. Breakwater’s operating footprint illustrates the structure of a geographically diversified mining business. Its Canadian assets included both producing and formerly producing properties, while its international operations extended into Honduras and Chile. Myra Falls, Langlois, El Mochito, and El Toqui were identified as operating mines, whereas Nanisivik had closed in 2002 and Bouchard-Hebert had closed in 2005. The available reference material identifies the properties and their locations but does not provide reliable details here on production volumes, revenues, reserves, founding circumstances, executive leadership, or the company’s public-market history. The company’s corporate existence ended as an independent business when Nyrstar acquired Breakwater Resources on August 26, 2011. Accordingly, Breakwater is best understood as a historical mining-company brand rather than an active operating company. Its legacy is associated with a portfolio of base-metal mining assets across Canada and Latin America and with the consolidation of those assets into Nyrstar’s business.

Breakwater Resources was a mining company based in Toronto, Ontario, Canada. The company developed and operated a portfolio of mine properties located in Canada and Latin America. Its operations included the Myra Falls mine in British Columbia, the Langlois mine in Quebec, the El Mochito mine in Honduras, and the El Toqui mine in Chile. It also controlled or operated the Nanisivik Mine in Nunavut and the Bouchard-Hebert mine in Quebec during earlier phases of its history. The portfolio changed over time as individual properties ceased operations. Nanisivik closed in 2002, while Bouchard-Hebert closed in 2005. The remaining mines identified in the available reference material were Myra Falls, Langlois, El Mochito, and El Toqui. This combination of Canadian and international assets gave Breakwater a multinational operating footprint, although the available source does not provide sufficient information to reconstruct the company’s founding, ownership development, production history, financial performance, or executive succession. On August 26, 2011, Nyrstar acquired Breakwater Resources. The transaction marked the end of Breakwater as an independent company and transferred its mining business into Nyrstar’s corporate structure. Breakwater’s historical identity is therefore tied to its mine portfolio and to the subsequent consolidation of those assets by Nyrstar.

1. 2011Acquisition by Nyrstar

   Nyrstar acquired Breakwater Resources on August 26, 2011.

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2. 2005Bouchard-Hebert mine closed

   The Bouchard-Hebert mine ceased operations.

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3. 2002Nanisivik Mine closed

   The Nanisivik Mine ceased operations.

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A geographically diversified mining company focused on operating and managing base-metal mine assets in Canada and Latin America.

• Myra Falls mineMining operation

  A Breakwater-operated mine located in British Columbia, Canada. It was one of the company’s operating properties before the acquisition by Nyrstar.

• Langlois mineMining operation

  A mine located in Quebec, Canada, and one of the operating properties identified in Breakwater Resources’ portfolio.

• El Mochito mineMining operation

  A mine in Honduras operated by Breakwater Resources as part of its international mining portfolio.

• El Toqui mineMining operation

  A mine in Chile that formed part of Breakwater Resources’ Latin American operating footprint.

• Nanisivik MineMining operation

  A former Breakwater-related mining property in Nunavut, Canada. The mine closed in 2002.

• Bouchard-Hebert mineMining operation

  A former mine in Quebec, Canada, associated with Breakwater Resources. The mine closed in 2005.

• 2011Acceptance of Nyrstar acquisitionM&A

  Breakwater Resources operated a portfolio of mines across Canada, Honduras, and Chile and was subsequently acquired by Nyrstar.

  What changed. Nyrstar completed the acquisition of Breakwater Resources on August 26, 2011.

  Aftermath. Breakwater ceased to operate as an independent mining company and its business became part of Nyrstar.

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• 2011Nyrstar acquired Breakwater Resources

  Breakwater Resources was acquired by Nyrstar on August 26, 2011, ending its status as an independent mining company.

  M&A
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1. Breakwater Resources