Welcome to our dedicated page for Nexa Resources news (Ticker: NEXA), a resource for investors and traders seeking the latest updates and insights on Nexa Resources stock.
Nexa Resources S.A. operates as an integrated polymetallic producer with zinc as its main product, combining mining and smelting assets in Latin America. Company news commonly covers operating results from its mining and smelting segments, zinc, copper, lead and silver production, metal sales, cost guidance, and the effect of metal prices on earnings and cash flow.
Updates also focus on Nexa's five polymetallic mines in Peru and Brazil, its zinc smelters at Três Marias, Juiz de Fora and Cajamarquilla, mineral reserves and resources, exploration drilling, sustainability reporting, permitting matters, and operating developments at assets such as Aripuanã, Cerro Lindo, Atacocha, El Porvenir and Vazante.
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.
Nexa Resources (NYSE: NEXA) has announced cash tender offers for any and all of its outstanding 2027 and 2028 Notes. 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 2027 Notes and US$1,041.25 per US$1,000 for 2028 Notes.
The settlement date is expected to be April 9, 2025. The Notes are guaranteed by Nexa Resources Cajamarquilla, Nexa Resources Perú, and Nexa Recursos Minerais. The company plans to finance the tender offers through a new notes offering and intends to use the proceeds to pay the consideration, accrued interest, and related expenses. Nexa also plans to redeem any remaining 2027 Notes after the expiration date.
Nexa Resources (NYSE: NEXA) has announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission and SEDAR+ in Canada. The report is accessible through the SEC website, SEDAR+, and Nexa's Investor Relations website.
Additionally, the company has filed its updated Mining Report on Mineral Reserves and Mineral Resources estimates as of December 31, 2024, prepared in accordance with Canadian National Instrument 43-101, on SEDAR+. Shareholders can request a free hard copy of Nexa's complete audited financial statements.
Nexa Resources (NYSE: NEXA) has released its 2024 Year-End Mineral Reserves and Mineral Resources update for operations in Peru and Brazil. The company's Proven and Probable Mineral Reserves reached 110.3 million tonnes containing 4,075kt of zinc, showing an increase from 4,031kt in 2023 despite similar tonnage.
Key highlights include:
- Successful zinc reserves replacement and expansion year-over-year
- Increased reserves driven by infill drilling at El Porvenir, Aripuanã, and Vazante
- Net revision of 172kt of contained zinc, mainly from new mining method at Vazante (+74kt) and geological model adjustments at Aripuanã (+81kt)
The company's Measured and Indicated Mineral Resources decreased to 3,163kt of contained zinc from 3,259kt in 2023, while Inferred Mineral Resources increased to 7,072kt from 6,897kt. The exploration program focused on near-mine expansion, brownfield and infill drilling, and greenfield projects.
Nexa Resources (NYSE: NEXA) reported strong financial results for 2024, with Adjusted EBITDA increasing 76% to US$714 million from US$406 million in 2023. Net revenues grew 8% to US$2,766 million, while net loss decreased 36% to US$187 million. The company achieved positive consolidated cash flow for the first time since Aripuanã investments, with free cash flow of US$107 million in Q4.
Operational highlights include zinc production of 327kt (2% decrease from 2023), copper production of 36kt (7% increase), and zinc metal/oxide production of 595kt. The company maintained production within guidance across all metals, with copper exceeding the upper range. CAPEX totaled US$277 million, below the revised guidance.
Strategic developments include the completion of Morro Agudo Complex sale, Pukaqaqa greenfield project divestment, and Board approval for the first phase of Cerro Pasco Integration Project. The company ended 2024 with US$640 million in total cash and reduced its net leverage ratio to 1.7x from 3.3x in 2023.
Nexa Resources (NYSE: NEXA) has released its Q4 and full-year 2024 exploration drilling results. The company completed 229,148 meters of total drilling, including 63,779 meters of exploration drilling (8% below target) and 165,369 meters of mining infill drilling. Q4 exploration drilling reached 19,121 meters across Peru (12,910m), Brazil (4,937m), and Namibia (1,273m).
Notable results include significant mineral intercepts at multiple sites: Cerro Lindo's Orebody 8B showed 4.65m at 2.89% Zn; Aripuanã's Massaranduba target yielded 10.1m at 8.04% Zn; Vazante's Sucuri target revealed 4.7m at 15.18% Zn; and El Porvenir's Integración target demonstrated 28.7m at 3.07% Zn.
For 2025, Nexa plans 82,340 meters of drilling, with 62% allocated to Peru. Q1 2025 exploration plans include 13,360 meters across Peru and Brazil.
Nexa Resources has announced its operational results for 2024 and outlook for 2025-2027. The company achieved its consolidated mining production guidance, with zinc production at 327kt, copper exceeding expectations at 36kt, lead at 69kt, and silver reaching 12MMoz.
Metal sales totaled 591kt, meeting mid-range guidance, driven by improved performance at Cajamarquilla and Juiz de Fora smelters. The company successfully achieved its consolidated run-of-mine mining costs and C1 cash cost guidance, which was reduced by 65% in October 2024, through improved operational efficiencies and cost management.
Notable operational highlights include a 10% increase in Cerro Lindo's zinc production, Aripuanã's significant growth with zinc production up 43%, and stable performance at Cajamarquilla smelter with 327kt in metal sales. However, Morro Agudo operations ceased in April 2024 following its sale, and Três Marias faced challenges with a fire incident in December 2024 affecting electro-filters.
Nexa Resources (NYSE: NEXA) has announced a new dividend policy effective January 1, 2025. The policy targets an annual dividend distribution of up to 20% of free cash flow pre-events, with a minimum payment of US$0.08 per common share. The dividend amount will be determined based on multiple factors, including cash balance, free cash flow, earnings, leverage ratio, capital investments, future cash flow projections, market volatility, and strategic planning.
The policy applies to distributions related to fiscal year 2024 onwards and defines free cash flow pre-events as cash flow before accounting for significant, non-recurring, or extraordinary events such as debt amortization, new funding, dividend payments, and other extraordinary outflows.
Nexa Resources (NYSE: NEXA) has completed the sale of Minera Pampa de Cobre S.A.C. (MPC), which owns the Chapi copper mine, to Quilla Resources Peru S.A.C. The transaction involved the transfer of all shares, rights, titles, and interests in Chapi to Quilla, following the fulfillment of all closing conditions. This sale completion follows a previously disclosed agreement between the parties.