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Nexa Announces Full Resumption of Operations at Cajamarquilla

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Nexa Resources (NYSE:NEXA) announced the full resumption of operations at its Cajamarquilla smelter following a successful conclusion of labor union negotiations. The temporary suspension of operations lasted three days before normal capacity utilization levels were restored. The company confirmed that its 2025 sales guidance remains unchanged despite the brief interruption.

The company emphasized its ongoing commitment to employee, contractor, and community health and safety, while maintaining constructive dialogue in compliance with regulations.

Nexa Resources (NYSE:NEXA) ha annunciato la completa ripresa delle attività presso la sua fonderia di Cajamarquilla, a seguito della positiva conclusione delle trattative con il sindacato. La sospensione temporanea delle operazioni è durata tre giorni, dopodiché sono stati ripristinati i livelli normali di utilizzo della capacità. L'azienda ha confermato che le previsioni di vendita per il 2025 restano invariate nonostante la breve interruzione.

La società ha sottolineato il suo impegno continuo per la salute e la sicurezza di dipendenti, appaltatori e comunità, mantenendo un dialogo costruttivo nel rispetto delle normative.

Nexa Resources (NYSE:NEXA) anunció la reanudación completa de las operaciones en su fundición de Cajamarquilla tras la exitosa conclusión de las negociaciones con el sindicato. La suspensión temporal de las operaciones duró tres días, tras los cuales se restablecieron los niveles normales de utilización de la capacidad. La empresa confirmó que su proyección de ventas para 2025 permanece sin cambios a pesar de la breve interrupción.

La compañía destacó su compromiso continuo con la salud y seguridad de empleados, contratistas y la comunidad, manteniendo un diálogo constructivo y cumpliendo con las regulaciones.

Nexa Resources (NYSE:NEXA)는 노동조합과의 협상이 성공적으로 마무리됨에 따라 카자마르킬라 제련소의 모든 운영을 재개했다고 발표했습니다. 임시 운영 중단은 3일간 지속되었으며, 이후 정상 용량 수준이 회복되었습니다. 회사는 짧은 중단에도 불구하고 2025년 판매 전망은 변함없다고 확인했습니다.

회사는 직원, 계약자 및 지역사회의 건강과 안전에 대한 지속적인 노력을 강조하며, 규정을 준수하는 건설적인 대화를 유지하고 있다고 밝혔습니다.

Nexa Resources (NYSE:NEXA) a annoncé la reprise complète des opérations de sa fonderie de Cajamarquilla suite à la conclusion réussie des négociations syndicales. La suspension temporaire des opérations a duré trois jours avant que les niveaux normaux d'utilisation de la capacité soient rétablis. La société a confirmé que ses prévisions de ventes pour 2025 restent inchangées malgré cette brève interruption.

L'entreprise a souligné son engagement continu envers la santé et la sécurité des employés, des sous-traitants et de la communauté, tout en maintenant un dialogue constructif conforme aux réglementations.

Nexa Resources (NYSE:NEXA) gab die vollständige Wiederaufnahme der Aktivitäten in seinem Hüttenwerk in Cajamarquilla nach erfolgreichem Abschluss der Verhandlungen mit der Gewerkschaft bekannt. Die vorübergehende Betriebspause dauerte drei Tage, bevor die normalen Kapazitätsnutzungsgrade wiederhergestellt wurden. Das Unternehmen bestätigte, dass die Umsatzprognose für 2025 unverändert bleibt, trotz der kurzen Unterbrechung.

Das Unternehmen betonte sein fortwährendes Engagement für die Gesundheit und Sicherheit von Mitarbeitern, Auftragnehmern und der Gemeinschaft und hält einen konstruktiven Dialog unter Einhaltung der Vorschriften aufrecht.

Positive
  • Operations fully resumed at normal capacity at Cajamarquilla smelter
  • Successful resolution of labor negotiations
  • 2025 sales guidance maintained despite disruption
Negative
  • Three-day operational suspension at Cajamarquilla smelter due to labor negotiations

Luxembourg, Luxembourg--(Newsfile Corp. - June 30, 2025) - Nexa Resources S.A. (NYSE: NEXA) ("Nexa Resources", "Nexa" or the "Company")  is pleased to announce that operations at the Cajamarquilla smelter have fully resumed at normal capacity utilization levels, following the successful conclusion of negotiations between the Company and operator employees represented by their labor union last Friday evening. The temporary suspension lasted three days.

As previously disclosed, Nexa's 2025 sales guidance is unchanged.

The Company is committed to the health and safety of its employees, contractors, and host communities, and continues to promote open and constructive dialogue in compliance with applicable regulations.

About Nexa

Nexa is a large-scale, low-cost, integrated polymetallic producer, zinc being our main product, with over 65 years of experience developing and operating mining and smelting assets in Latin America. Nexa currently owns and operates four long-life underground polymetallic mines, two located in the Central Andes region of Peru, and two located in Brazil (one in the state of Minas Gerais and one in the state of Mato Grosso). Nexa also owns and operates one low-cost polymetallic open pit mine, also in the Central Andes region of Peru, and three smelters, two located in the state of Minas Gerais in Brazil (Três Marias and Juiz de Fora), and one, located in Lima, which is Cajamarquilla, the largest smelter in the Americas.

Nexa was among the top five producers of mined zinc globally in 2024 and one of the top five metallic zinc producers worldwide in 2024, according to Wood Mackenzie.

Cautionary Statement on Forward-Looking Statements

This news release contains certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to in this news release as "forward-looking statements"). All statements other than statements of historical fact are forward-looking statements. The words "believe," "will," "may," "may have," "would," "estimate," "continues," "anticipates," "intends," "plans," "expects," "budget," "scheduled," "forecasts" and similar words are intended to identify estimates and forward-looking statements. Forward-looking statements are not guarantees and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Nexa to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Actual results and developments may be substantially different from the expectations described in the forward-looking statements for a number of reasons, many of which are not under our control, among them, the activities of our competition, the future global economic situation, weather conditions, market prices and conditions, exchange rates, and operational and financial risks. The unexpected occurrence of one or more of the abovementioned events may significantly change the results of our operations on which we have based our estimates and forward-looking statements.

Our estimates and forward-looking statements may also be influenced by, among others, legal, political, environmental or other risks that could materially affect the potential development of our projects, including risks related to outbreaks of contagious diseases or health crises impacting overall economic activity regionally or globally, as well as risks relating to ongoing or future investigations by local authorities with respect to our business and operations and the conduct of our customers, including the impact to our financial statements regarding the resolution of any such matters.

Our estimates and forward-looking statements may also be influenced by regulatory changes in the countries where we operate, including new trade restrictions, tariff escalations, and policy shifts affecting cross-border commerce and supply chains. Certain forward-looking statements are based on third-party data, market forecasts, and assumptions that may be subject to change. Nexa does not guarantee the accuracy of such external data and disclaims any obligation to update these statements unless required by law.

These forward-looking statements related to future events or future performance and include current estimates, predictions, forecasts, beliefs and statements as to management's expectations with respect to, but not limited to, the business and operations of the Company and mining production, our growth strategy, the impact of applicable laws and regulations, future zinc and other metal prices, smelting sales, capex, expenses related to exploration and project evaluation, estimation of Mineral Reserves and/or Mineral Resources, mine life and our financial liquidity.

Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable and appropriate by management and qualified persons considering their experience are inherently subject to significant uncertainties and contingencies and may prove to be incorrect. Statements concerning future production costs or volumes are based on numerous assumptions of management regarding operating matters and on assumptions that demand for products develops as anticipated, that customers and other counterparties perform their contractual obligations, full integration of mining and smelting operations, that operating and capital plans will not be disrupted by issues such as mechanical failure, unavailability of parts and supplies, labor disturbances, interruption in transportation or utilities, adverse weather conditions, and that there are no material unanticipated variations in metal prices, exchange rates, or the cost of energy, supplies or transportation, among other assumptions.

We assume no obligation to update forward-looking statements except as required under securities laws. Estimates and forward-looking statements refer only to the date when they were made, and we do not undertake any obligation to update or revise any estimate or forward-looking statement due to new information, future events or otherwise, except as required by law. Estimates and forward-looking statements involve risks and uncertainties and do not guarantee future performance, as actual results or developments may be substantially different from the expectations described in the forward-looking statements. Further information concerning risks and uncertainties associated with these forward-looking statements and our business can be found in our public disclosures filed under our profile on SEDAR+ (www.sedarplus.ca) and on EDGAR (www.sec.gov).

For further information, please contact:
Investor Relations Team
ir@nexaresources.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257370

FAQ

When did Nexa Resources (NEXA) resume operations at Cajamarquilla smelter?

Nexa Resources resumed full operations at the Cajamarquilla smelter as of June 30, 2025, following a three-day temporary suspension.

What caused the suspension at Nexa Resources' (NEXA) Cajamarquilla smelter?

The suspension was due to ongoing labor negotiations between the company and operator employees represented by their labor union.

How long was the Nexa Resources (NEXA) Cajamarquilla smelter suspended?

The temporary suspension of operations at the Cajamarquilla smelter lasted three days.

Will the Cajamarquilla suspension affect Nexa Resources' (NEXA) 2025 guidance?

No, Nexa Resources confirmed that its 2025 sales guidance remains unchanged despite the temporary suspension.
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