Nexa Resources Stock Price, News & Analysis

Nexa Resources has announced the early redemption of all outstanding 4.625% Senior Notes due March 28, 2022, with a total principal amount of US$ 128,470,000. The redemption price will be the greater of the principal amount or the discounted value of future payments, plus accrued interest. The company operates in mining and smelting, primarily producing zinc, with assets across Latin America. Nexa is one of the top five global zinc producers as of 2021. This decision is part of Nexa's strategy to manage its debt effectively.

Nexa Resources reported its financial results for Q4 and the full year 2021, achieving record-high adjusted EBITDA of US$704 million.

Fourth-quarter net revenue reached US$678 million, marking a 6.8% increase from the previous year. Zinc production was 81kt, a 12% decrease year-over-year. Full-year net revenue was US$2,622 million, a 34.4% increase from 2020.

Net income for Q4 was US$11 million, with earnings per share at US$0.01. The company expects a 5% decrease in zinc production for 2022 due to lower grades and production capacity reductions.

Nexa Resources has approved a US$50 million distribution, with US$44 million designated as a cash dividend of US$0.331275 per share and US$6 million as a special cash dividend of US$0.046258 per share for shareholders of record by March 11, 2022. Payments are scheduled for March 25, 2022. A 15% Luxembourg withholding tax applies to the cash dividend, but refunds may be possible. Nexa is a leading zinc producer operating in Latin America with significant mining and smelting assets.

Nexa Resources announced its 2021 exploration results, reporting 110,306 meters of exploratory drilling, achieving 99% of its planned operations. Key highlights include significant findings from the Cerro Lindo and Pasco Complex, with high-grade mineralization confirmed at several targets. Notable intersections include 8.7 meters with 4.67% ZnEq and various significant values from the El Porvenir area. The company aims for continuous expansion in resources, particularly at Hilarión and Aripuaná, targeting growth in 2022.

Nexa Resources reported operational results for the year ended December 31, 2021, achieving its annual production guidance for all metals. Zinc output totaled 320kt, a 2% increase from 2020, while lead and silver rose by 20% and 29%, respectively. The company noted cash costs below guidance, with mining costs at US$0.21/lb. However, Q4 zinc production saw a 12% year-over-year decline. Nexa is set to reveal detailed financials and production guidance for 2022-2024 on February 15, 2022.

Nexa Resources has announced the voluntary delisting of its common shares from the Toronto Stock Exchange (TSX), effective November 30, 2021. Following the delisting, the shares will continue to trade on the New York Stock Exchange (NYSE) under the symbol NEXA. The company plans to cease being a reporting issuer under Canadian securities laws, pending regulatory requirements. Nexa is a prominent zinc producer with extensive mining and smelting operations in Latin America, ranked among the top five producers globally in 2020.

Nexa Resources has announced its intention to voluntarily delist its common shares from the Toronto Stock Exchange (TSX) effective November 30, 2021. This decision comes after an internal assessment of the benefits and burdens associated with TSX listing, where minimal trading volumes were noted. The company emphasizes that shares will still trade on the New York Stock Exchange (NYSE) under the symbol NEXA, and the delisting will not impact ongoing operations. Nexa will remain a reporting issuer in Canada post-delist.

Nexa Resources announced its 3Q21 results, reporting a consolidated net revenue of US$655 million, up from US$538 million year-over-year. Adjusted EBITDA reached US$155 million, supported by high base metal prices, despite production disruptions. Zinc production stood at 80kt, down 2% due to maintenance shutdowns. The company maintains its 2021 guidance for production and sales while revising cash cost estimates. CEO Tito Martins will transition leadership to Ignacio Rosado on November 1, 2021, marking continuity in strategic execution.

Nexa Resources (NYSE:NEXA) announced its 2021 third-quarter exploration results, marking a total of 111,000 meters of planned drilling for the year. In Q3 alone, 36,293 meters were drilled across various sites: 24,246 meters in Peru, 7,339 meters in Brazil, and 4,708 meters in Namibia. Key findings include high-grade intersections at Cerro Lindo, confirming orebody continuity and new VMS mineral discoveries at Pucasalla. These results aim to extend the life of current operations and enhance resource estimates.