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 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.
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.
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