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. (NYSE: NEXA) is a large-scale, low-cost, integrated polymetallic producer with zinc as its main product, operating long-life mines and zinc smelters in Brazil and Peru. The NEXA news feed on Stock Titan aggregates company announcements, operational updates, exploration results and financial disclosures that Nexa furnishes to the market.
Investors following NEXA news see regular earnings releases and interim performance updates, where Nexa reports metrics such as net income, Adjusted EBITDA, production volumes and capital expenditures, along with commentary on mining and smelting performance. These updates often discuss factors like zinc and by-product metal prices, smelting sales volumes, operational conditions at key mines and progress on capital projects such as the Cerro Pasco Integration Project.
The company also issues operational and project news, including information on temporary suspensions or resumptions of activities at mines and smelters, labor developments, and major project milestones. Examples include updates on the Cerro Pasco Complex and the Cajamarquilla smelter, as well as news about exploration drilling campaigns and results across Peru, Brazil and Namibia.
In addition, NEXA news items cover portfolio and corporate actions such as the sale of exploration licenses, bond issuances and liability management transactions, shareholder meeting results, and credit rating confirmations. Nexa’s communications frequently highlight ESG, safety, decarbonization and community engagement initiatives, reflecting how these themes intersect with its operations.
By monitoring this news page, readers can track how Nexa’s mining and smelting operations, exploration programs, financial strategies and ESG initiatives evolve over time, using the company’s own disclosures as a primary source of information.
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.
Nexa Resources (NYSE: NEXA) has increased its equity stake in Tinka Resources through a non-brokered private placement. Nexa acquired 9,859,155 units at C$0.10 per unit, totaling C$985,915.50 (US$700,000). Each unit includes one common share and half a warrant, with each whole warrant allowing purchase of one additional share at C$0.15 within 18 months.
Following this transaction, Nexa's ownership in Tinka increased from 18.23% to 19.86% (81,202,208 shares), plus 4,929,577 warrants representing 56.68% of outstanding warrants. Nexa's warrant exercise is restricted to maintain ownership below 19.99% unless approved by TSXV and Tinka's shareholders.
Nexa Resources (NYSE: NEXA) has completed the previously announced sale of the Pukaqaqa Project to Olympic Precious Metals The transaction involved the transfer of 100% of shares in Compañia Minera Cerro Colorado S.A.C., which holds the mineral properties of the Pukaqaqa Project located in Peru's Huancavelica region. The completion follows the fulfillment of all closing conditions, with Nexa transferring all shares, rights, titles, and interests in Pukaqaqa to Olympic.
Nexa Resources reported solid Q3 2024 results with net income of US$6 million, compared to a net loss of US$64 million in Q3 2023. Adjusted EBITDA doubled to US$183 million from US$87 million year-over-year, driven by higher zinc prices and improved by-products contribution. Net revenues increased 9% to US$709 million. Free cash flow reached US$51 million despite negative working capital variation. Zinc production was 83,000 tons, down 5% year-over-year, while copper production remained flat at 9,000 tons. The company reaffirmed its 2024 production guidance and revised mining cash cost guidance downward.
Nexa Resources (NYSE: NEXA) has reaffirmed its 2024 guidance for total zinc and lead production in its mining segment. The company has also announced updates to production guidance for specific mines while lowering its mining cash cost and capital expenditures guidance for 2024. This update suggests potential operational cost improvements while maintaining production targets.
Nexa Resources has released its exploration drilling and assay results for the third quarter of 2024. The press release appears to be incomplete as it only contains the announcement of the results without providing specific details about the drilling outcomes, locations, or any quantitative data from the exploration activities.
Nexa Resources (NYSE: NEXA) has announced changes to its Board of Directors and senior leadership team. João Schmidt has stepped down from the Board, effective October 1, 2024. Flavio Aidar has been appointed to the Board, bringing over 7 years of experience in industrial, infrastructure, and mining sectors. Aidar is currently a Managing Director of Votorantim S.A. and has held various leadership positions, including CEO of InterCement and board roles in multiple companies.
Additionally, Marcio Godoy, Senior Vice President of Technical Services and Projects, will step down effective October 15, 2024. His responsibilities will be distributed across other management functions. The Chairman of the Board, Jaime Ardila, expressed gratitude to the departing members and welcomed Aidar, highlighting his potential contribution to exploring new growth avenues and maximizing shareholder value.
Nexa Resources reported strong financial results for 2Q24, with Adjusted EBITDA reaching US$ 200 million, up 64% quarter-over-quarter and 180% year-over-year. Net revenues increased to US$ 736 million, driven by higher LME metal prices and increased sales volumes. The company achieved free cash flow of US$ 149 million, partly due to the issuance of an ESG-Linked debenture. Operationally, zinc production totaled 83,000 tons, up 2% year-over-year, while copper production reached 10,000 tons, up 13% from 2Q23. Nexa continues to focus on operational efficiency, portfolio optimization, and ESG initiatives, including safety improvements and community support programs.