Nexa Resources Stock Price, News & Analysis

Nexa Resources S.A. (NYSE: NEXA) held its Annual and Extraordinary General Meetings on May 8, 2025, with strong shareholder participation of 88.86% of total voting shares. Key approvals included:

- The reelection of Flavio Aidar to the Board (87% approval)

- Appointment of PricewaterhouseCoopers LLP as statutory auditor (79.35% approval)

- Unanimous approval of 2024 Annual Accounts and Consolidated Financial Statements

- Authorization for the Board to increase share capital (76.14% approval)

- Authorization to limit/cancel preferential rights in public offers (76.15% approval)

All proposed resolutions passed successfully, with shareholders showing strong support across most agenda items.

Nexa Resources reported a strong financial turnaround in Q1 2025, achieving a net income of US$29 million, reversing losses from previous periods. The company's Adjusted EBITDA reached US$125 million, while net revenues grew 8% year-over-year to US$627 million.

Despite operational challenges including heavy rainfall and production instabilities, the company successfully executed a US$500 million bond issuance in April 2025, strengthening its financial position. The 12-year bond carries a 6.600% coupon and enables significant debt restructuring.

Production metrics showed mixed results: zinc production decreased 23% to 67kt, copper production increased 2% to 8kt, and metal sales reached 130kt. The company advanced its Cerro Pasco Integration Project and maintained focus on ESG initiatives, including the introduction of hybrid loaders and enhanced safety measures.

Nexa Resources (NYSE: NEXA) has released its 2024 Sustainability Report, showcasing the company's dedication to corporate sustainability and responsible business practices. The comprehensive report details the organization's achievements and initiatives across multiple domains:

• Operational performance
• Workforce development
• Community engagement
• Environmental stewardship

The report adheres to several international reporting frameworks, including:

• International Integrated Reporting Council (IIRC)
• Global Reporting Initiative (GRI)
• Sustainability Accounting Standards Board (SASB)
• Task Force on Climate-Related Financial Disclosure (TCFD)

This alignment with multiple global standards demonstrates Nexa's commitment to transparency and standardized sustainability reporting practices.

Nexa Resources (NYSE: NEXA) has announced its decision to redeem all outstanding 5.375% Senior Notes due 2027, totaling US$110,509,000.00. The redemption is scheduled for May 23, 2025.

The redemption price will be calculated as the greater of two options: (1) 100% of the principal amount plus accrued and unpaid interest, or (2) the sum of present values of remaining scheduled payments of principal and interest, discounted at the Treasury Rate plus 50 basis points.

Nexa Resources (NYSE: NEXA) has announced the completion of its cash tender offers for its outstanding notes due in 2027 and 2028. For the 5.375% Notes due 2027, holders tendered US$104,987,000 (48.72% of outstanding principal), while for the 6.500% Notes due 2028, US$289,279,000 was tendered (72.23% of outstanding principal), with an additional US$5,911,000 through guaranteed delivery procedures.

The company will pay US$1,015.00 per US$1,000 principal for 2027 Notes and US$1,041.25 per US$1,000 principal for 2028 Notes, plus accrued interest. Settlement is expected on April 9, 2025. Following the tender offers, US$110,513,000 of 2027 Notes and US$111,221,000 of 2028 Notes will remain outstanding.

Nexa Resources (NYSE: NEXA) has announced the completion of its cash tender offers for its outstanding notes due in 2027 and 2028. For the 5.375% Notes due 2027, approximately 48.72% (US$104,987,000) of the principal amount was validly tendered, while for the 6.500% Notes due 2028, approximately 72.23% (US$289,279,000) was tendered, with an additional US$5,911,000 through guaranteed delivery procedures.

Holders who validly tendered 2027 Notes will receive US$1,015.00 per US$1,000 principal amount, while 2028 Notes holders will receive US$1,041.25 per US$1,000. The settlement date is expected on April 9, 2025. Post-tender offer, the remaining principal amounts are US$110,513,000 for 2027 Notes and US$111,221,000 for 2028 Notes.

Nexa Resources (NYSE: NEXA) has successfully priced an offering of US$500 million in senior unsecured notes with a 6.600% interest rate, maturing in 2037. The notes, guaranteed by Nexa Resources Cajamarquilla S.A. and Nexa Recursos Minerais S.A., are expected to close on April 8, 2025.

The proceeds will be primarily used to fund a cash tender offer for existing notes due 2027 and 2028, redeem remaining 2027 notes not repurchased in the tender offers, and for general corporate purposes including liability management transactions. The offering is exclusively available to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S of the U.S. Securities Act.

Nexa Resources (NYSE: NEXA) has announced plans to offer new senior unsecured notes, backed by guarantees from Nexa Resources Cajamarquilla S.A. and Nexa Recursos Minerais S.A. The company intends to use the proceeds for:

• Funding a cash tender offer for existing notes due 2027 and 2028
• Redeeming any remaining 2027 notes not repurchased in the tender offers
• General corporate purposes, including liability management transactions

The new notes will be unsecured obligations of Nexa, with guarantees ranking equally in right of payment with other unsecured and unsubordinated debt obligations. The offering is to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S of the Securities Act.

Nexa Resources (NYSE: NEXA) has announced cash tender offers for any and all of its outstanding 5.375% Notes due 2027 and 6.500% Notes due 2028. The tender offers will expire on April 4, 2025, at 5:00 p.m., New York City time.

The company is offering US$1,015.00 per US$1,000 principal amount for the 2027 Notes and US$1,041.25 per US$1,000 principal amount for the 2028 Notes. Holders will also receive accrued and unpaid interest. The settlement date is expected to be April 9, 2025.

The tender offers are contingent upon a new notes offering, with proceeds intended to fund the repurchase. Nexa plans to redeem all remaining 2027 Notes after the expiration date and may use remaining proceeds to redeem or purchase any outstanding Notes through various means.