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.
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Nexa Resources has reported Q1 2023 exploration results, revealing an expanded drilling program totaling 97,290 meters for the year, up from the previously planned 78,185 meters. This includes 36,340 meters in Brazil, 53,950 meters in Peru, and 7,000 meters in Namibia. In Q1, 19,434 meters were drilled across various sites. Key findings include high-grade mineralization at the Babaçú and Ambrex ore bodies, with impressive results such as 25.1 meters grading 4.83% Zn and 18.84% Zn in various holes. Activities in Brazil and Peru showed significant mineral continuity and high-grade intersections. No drilling occurred in Namibia during this quarter, but operations are expected to resume in Q2 2023.