Business & Investment

Noranda Income Fund Achieves 2020 Zinc Production Guidance

Toronto, January 8, 2021 (GLOBE NEWSWIRE) — Noranda Income Fund (TSX: NIF.UN) (“Fund”) today announces an electrolytic zinc treatment facility (“Treatment Facility”) in Sarah Uriarte Valleyfield Did. , Quebec meets the 2020 Zinc Metal Production Guidance of 260,000-270,000 tonnes. Zinc metal production increased 2.1% from 262,965 tonnes in 2019 to 268,387 tonnes.

Results for the fourth quarter and full year of 2020
The Fund will report its full financial and operating results for the fourth quarter and full year ending December 31, 2020 at the end of February 2021.

Noranda Income FundIs an income trust traded on the Toronto Stock Exchange under the “NIF.UN” symbol. The Noranda Income Fund owns an electrolytic zinc treatment facility and ancillary assets (“treatment facilities”) in Saraberido Valley Field, Quebec. The processing facility is the second largest zinc processing facility in North America and the largest zinc processing facility in eastern North America, which has the majority of zinc customers. It produces refined zinc metal and various by-products from the supplied zinc concentrate. The treatment facility is operated and managed by Canadian Electrolytic Zinc Limited, a wholly owned subsidiary of Glencore Canada Corporation.For more information on the Noranda Income Fund, please visit:www.norandaincomefund.com..

For more information, please contact:
Noranda Income Fund:
Paul Einerson
Chief Financial Officer of Canadian Electrolytic Zinc Limited, Manager of Noranda Income Fund
Tel: 514-745-9380
info@norandaincomefund.com

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Noranda Income Fund Achieves 2020 Zinc Production Guidance

https://financialpost.com/pmn/press-releases-pmn/globe-newswire-releases/noranda-income-fund-achieves-2020-zinc-production-guidance Noranda Income Fund Achieves 2020 Zinc Production Guidance

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