Nexa Resources S.A. announces today the adoption of a new dividend policy , effective January 1, 2025. Nexa aims to distribute annual dividends, subject to the availability of distributable amounts as per Luxembourg law. The annual dividend amount will be determined based on several factors, including: Nexa's cash balance; free cash flow and earnings generated during the year; Company's leverage, measured by the Net Debt [...]
Nexa Resources S.A. announces today the completion of the previously disclosed sale of 100% of the shares of Minera Pampa de Cobre S.A.C. , the owner of the Chapi copper mine, to Quilla Resources Peru S.A.C . Under the terms of the definitive agreement, Nexa has sold and transferred all shares, rights, titles, and interests in Chapi to Quilla. The Transaction was completed following the fulfillment of all closing [...]
Nexa Resources S.A. is pleased to announce that it has entered into an equity subscription agreement effective as of today's date with Tinka Resources Ltd. , as part of a larger non-brokered private placement financing of units of Tinka, the first tranche of which closed today . Under the terms of the Agreement, Nexa acquired 9,859,155 units of Tinka at a price of C$0.10 per Unit, for aggregate proceeds of C$985,915.50 [...]
Nexa Resources S.A. announces today that it has completed the previously announced sale of 100% of the shares issued by Compañia Minera Cerro Colorado S.A.C., comprising the mineral properties of the Pukaqaqa Project , located in the Huancavelica region of Peru. With the completion of the Transaction, and pursuant to the terms of the definitive agreement, Nexa has sold and transferred all shares, rights, titles, and [...]
Adjusted EBITDA reached more than double the US$87 million reported in 3Q23, primarily due to higher zinc prices, strong by-products contribution, improved results from Aripuanã, and lower mineral exploration and project evaluation expenses in the period. Net revenues totaled US$709 million in 3Q24, up 9% year-over-year, driven by higher zinc and copper prices. Free cash flow was US$51 million, supported by robust [...]
Nexa Reaffirms Total Mining Production Guidance for All Metals, Lowers Mining Cash Cost and Capital Expenditures 2024 Guidance Nexa Resources S.A. today reaffirms its 2024 guidance for total zinc and lead production in the mining segment, updates production guidance for certain of its mines and lowers mining cash cost and capital expenditures guidance. The figures contained in this report are forward-looking statements [...]
Nexa Resources S.A. is pleased to provide today the drilling and assay results from the third quarter of 2024. This document contains forward-looking statements. Summary Nexa's 2024 drilling strategy emphasizes near-mine expansion and brownfield and infill drilling, with additional exploration drilling planned for promising greenfield projects. Exploration expenditure and drilling execution are approximately 14% behind [...]
Nexa Resources S.A. announces today changes to its Board of Directors and senior leadership team. The Company announces the departure of Mr. João Schmidt, who has stepped down from his role as a Board member, effective October 1, 2024. At the same time, Nexa is pleased to announce the appointment of Mr. Flavio Aidar to the Board of Directors. Mr. Aidar holds a degree in Business Administration from Fundação Getúlio Vargas [...]
Adjusted EBITDA reached US$ 200 million, up by 64% quarter-over-quarter and 180% year-over-year, mainly due to higher sales volume, higher zinc prices, improved margins at Aripuanã and higher by-products contribution. Net revenues increased to US$ 736 million from US$ 627 million in 2Q23 and US$ 580 million in 1Q24, driven by higher LME metal prices in both cases, increased mining sales volume year-over-year, and [...]
Nexa Resources S.A. is pleased to provide today the drilling and assay results from the second quarter of 2024. This document contains forward-looking statements. Summary Nexa's drilling strategy for 2024 focuses on near-mine expansion, brownfield and infill drilling. Additional exploratory drilling is also planned for greenfield projects with favorable prospects. Exploration expenditure and drilling production are [...]
Nexa Resources S.A. announces today that it has completed the previously announced sale of the Morro Agudo Complex situated in the state of Minas Gerais in Brazil to Casa Verde Holding Ltda . Refer to the news release dated April 5, 2024 for more information on the Transaction. With the completion of the Transaction, and pursuant to the terms of the definitive agreement, Nexa has sold, transferred and assigned all rights [...]
Nexa Resources S.A. announces that the Annual General Meeting of the Shareholders was successfully held today at its registered office. A total of 102,840,007 shares were voted at the Annual General Meeting of the Shareholders, representing 77.65% of the overall votes attached to outstanding shares. Shareholders voted in favor of all proposed resolutions, as follows: Resolution - AGM % For % Withheld Elect Board members [...]