Nexa Resources S.A.

Nexa Resources S.A. has published its 3Q19 Results. Consolidated net revenue reached US$563 million. Zinc production in 3Q19 was 97kt, up 8% from 3Q18. Adjusted EBITDA was US$58 million in 3Q19 impacted by lower LME prices. Net loss totaled US$171 million, US$1.13 per share, in 3Q19. Nexa recognized a non-cash US$142 million impairment loss related to the Cerro Pasco cash-generating unit. Net debt to adjusted EBITDA for [...]

Nexa Resources and Karmin Exploration are pleased to announce that they have completed their previously announced plan of arrangement among Nexa, Karmin, Votorantim Metals Canada Inc., a wholly-owned subsidiary of Nexa, and Kar Gold Inc., described in their respective press releases issued on August 26, 2019 and October 24, 2019. Under the terms of the Arrangement, each former Karmin shareholder is entitled to US$0.770467 [...]

Nexa Resources S.A. and Karmin Exploration are pleased to announce that Karmin has received a final order from the Court of Queen’s Bench of Alberta approving the previously announced plan of arrangement among the Company, Nexa Resources, Votorantim Metals Canada Inc., a wholly-owned subsidiary of Nexa Resources, and Kar Gold Inc., described in the press releases issued by each of the Company and Nexa on August 26 [...]

Nexa Resources S.A. hereby informs its shareholders and the market in general the occurrence of an equipment failure at the Vazante mine operation in Minas Gerais, Brazil. During a regular inspection activity, a crack was identified in the trunnion at the discharge side in the primary mill used in the concentration plant. No work accidents nor environmental impacts from this failure were reported. Equipment repair should [...]

Karmin Exploration Inc. and Nexa Resources are pleased to announce that Karmin has received a final order from the Court of Queen’s Bench of Alberta approving the previously announced plan of arrangement among the Company, Nexa Resources, Votorantim Metals Canada Inc., a wholly-owned subsidiary of Nexa Resources, and Kar Gold Inc., described in the press releases issued by each of the Company and Nexa on August 26 [...]

Karmin Exploration Inc. announces that the Court of Queen’s Bench of Alberta granted the Company’s motion for an interim order authorizing various matters including the mailing of the management information circular and the holding of the special meeting of Karmin shareholders to be held on Wednesday, October 16, 2019 at 10:00 a.m. at The National Club, 303 Bay Street, Toronto. The Meeting is being held to [...]

Nexa Resources S.A. , through its subsidiary, Votorantim Metals Canada Inc., is pleased to announce that it has entered into a definitive arrangement agreement with, among others, Karmin Exploration Inc. , pursuant to which Nexa has agreed to acquire Karmin for an aggregate acquisition price of US$70 million. Karmin currently indirectly holds a 30% interest in the Aripuanã zinc project located in Mato Grosso [...]

Karmin Exploration is pleased to announce that the Company has entered into a definitive arrangement agreement with Nexa Resources pursuant to which Nexa will acquire all of the issued and outstanding shares of Karmin by way of statutory plan of arrangement. Under the terms of the Transaction, Karmin shareholders will receive US$69.3 million or approximately US$0.77 in cash on a fully diluted basis for each Karmin share [...]

Nexa Resources S.A. has published its 2Q19 Results. Consolidated net revenue reached US$613 million. Zinc production in 2Q19 was 91kt. Adjusted EBITDA was US$118 million, including a US$12 million increase in provisions in the quarter. Net income totaled US$23 million, US$0.15 per share, in 2Q19. Net Debt to Adjusted EBITDA for last twelve months stood at 1.3x. Liquidity remains strong at US$860 million. An updated [...]

Nexa Resources S.A. has published its 1Q19 Results. Nexa reports an increase of 3% on Zinc production and continues to advance on its projects. Aripuanã’s project continues in advanced stage and around 40% of the total project capex is already committed. Vazante’s dry stacking project was granted with the operational license. Please find below a message from our CEO, Mr. Tito Martins: “Despite the [...]