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.
Company Overview
Nexa Resources S.A. is a long-established, low-cost integrated zinc producer with over 65 years of experience in the mining and metallurgy sectors. Operating through two key segments—Mining and Smelting—the Company has developed a diverse portfolio of long-life assets that includes both high-performance mining operations and advanced smelting facilities. Nexa is committed to operational excellence, cost efficiency and disciplined capital allocation while generating additional revenue from byproducts such as copper, silver and gold.
Business Segments and Operations
The Mining segment includes a series of operating units engaged in mineral exploration, production of zinc concentrates, copper concentrates and other metal ores. These assets are strategically located in countries like Brazil, Peru and other key markets, enabling Nexa to leverage regional resource advantages and improve overall production reliability. Nexa’s emphasis on robust mineral exploration and infill drilling programs underpins its ability to extend mine life and optimize resource recovery without compromising operational standards.
The Smelting segment is designed to refine zinc metal from concentrates and secondary feed materials, thereby generating maximum revenue through conversion processes. With state-of-the-art facilities in Brazil and Peru, this segment focuses on achieving high metal recoveries and maintaining stable production outputs. Advanced metallurgical processes and streamlined operational practices ensure that Nexa achieves both cost-effective production and consistent quality output.
Strategic Position and Market Presence
Nexa Resources occupies a significant position in the global metals and mining markets as a major player in integrated zinc production. The Company’s diversified asset base includes multiple mines in the Central Andes and in the state of Minas Gerais, Brazil, and smelters that are among the largest in the Americas. This robust infrastructure provides it with competitive advantages such as lower production costs, flexible operations and the ability to respond to market dynamics. Nexa’s strategy focuses on portfolio optimization to concentrate on higher-return assets while employing stringent cost control measures and operational efficiency initiatives.
Commitment to Quality, Safety and Corporate Governance
Nexa is deeply committed to maintaining the highest safety standards and quality controls within its operations. A strong culture of performance, open dialogue and transparent leadership has positioned the Company to reinvest in its people and processes consistently. The emphasis on safety and continuous improvement across mining and smelting activities reflects its broader commitment to responsible mining practices and sustainable value creation, ensuring that each operational decision is backed by industry expertise and financial prudence.
Operational Excellence and Industry Expertise
Utilizing advanced exploration techniques and streamlined smelting processes, Nexa has demonstrated a clear ability to balance production efficiency with high-quality metal output. The integration of mining and smelting operations creates synergies that reduce costs while enhancing output stability. With a focus on long-term asset management and disciplined capital deployment, the Company reinforces its reputation as a knowledgeable and trustworthy entity in the competitive mining environment.
Investor Information and Business Model Insights
For investors and market analysts, Nexa Resources represents a well-managed business model driven by its integrated approach, significant market presence and commitment to operational efficiency. Detailed analyses of production methods, cost management strategies and portfolio optimization processes illustrate why Nexa is a key subject of research in the non-ferrous metals segment. The Company’s initiatives in mineral exploration and technological enhancements demonstrate its sustained commitment to delivering value while upholding rigorous corporate governance and risk management standards.
This comprehensive overview aims to provide an in-depth understanding of Nexa Resources’ operations, competitive positioning and strategic priorities, ensuring that stakeholders have a clear insight into the Company’s core business and industry relevance.
Nexa Resources (NYSE: NEXA) has announced the completion of its cash tender offers for its outstanding notes due in 2027 and 2028. For the 5.375% Notes due 2027, holders tendered US$104,987,000 (48.72% of outstanding principal), while for the 6.500% Notes due 2028, US$289,279,000 was tendered (72.23% of outstanding principal), with an additional US$5,911,000 through guaranteed delivery procedures.
The company will pay US$1,015.00 per US$1,000 principal for 2027 Notes and US$1,041.25 per US$1,000 principal for 2028 Notes, plus accrued interest. Settlement is expected on April 9, 2025. Following the tender offers, US$110,513,000 of 2027 Notes and US$111,221,000 of 2028 Notes will remain outstanding.
Nexa Resources (NYSE: NEXA) has announced the completion of its cash tender offers for its outstanding notes due in 2027 and 2028. For the 5.375% Notes due 2027, approximately 48.72% (US$104,987,000) of the principal amount was validly tendered, while for the 6.500% Notes due 2028, approximately 72.23% (US$289,279,000) was tendered, with an additional US$5,911,000 through guaranteed delivery procedures.
Holders who validly tendered 2027 Notes will receive US$1,015.00 per US$1,000 principal amount, while 2028 Notes holders will receive US$1,041.25 per US$1,000. The settlement date is expected on April 9, 2025. Post-tender offer, the remaining principal amounts are US$110,513,000 for 2027 Notes and US$111,221,000 for 2028 Notes.
Nexa Resources (NYSE: NEXA) has successfully priced an offering of US$500 million in senior unsecured notes with a 6.600% interest rate, maturing in 2037. The notes, guaranteed by Nexa Resources Cajamarquilla S.A. and Nexa Recursos Minerais S.A., are expected to close on April 8, 2025.
The proceeds will be primarily used to fund a cash tender offer for existing notes due 2027 and 2028, redeem remaining 2027 notes not repurchased in the tender offers, and for general corporate purposes including liability management transactions. The offering is exclusively available to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S of the U.S. Securities Act.
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.
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