Nexa Reports Second Quarter 2024 Exploration Results
Nexa Resources has released its exploration results for the second quarter of 2024. The company, which focuses on zinc mining and production, has been conducting drilling activities across its various projects. While specific details are not provided in this summary, the release of exploration results is typically a significant event for mining companies as it can indicate the potential for future resource expansion and production growth.
Investors and analysts often closely scrutinize these results to assess the company's prospects for mineral reserves and future production capacity. The exploration activities are important for Nexa's long-term strategy in maintaining and potentially increasing its position in the zinc market. The full report likely contains detailed information on drill hole locations, mineral grades, and potential resource estimates, which are essential for evaluating the company's exploration success and future mining potential.
Nexa Resources ha pubblicato i risultati delle sue esplorazioni per il secondo trimestre del 2024. L'azienda, che si concentra sulla estrazione e produzione di zinco, ha svolto attività di perforazione nei vari progetti. Sebbene non siano forniti dettagli specifici in questo riassunto, la pubblicazione dei risultati esplorativi è un evento significativo per le aziende minerarie, poiché può indicare il potenziale per l'espansione futura delle risorse e la crescita della produzione.
Investitori e analisti esaminano spesso attentamente questi risultati per valutare le prospettive dell'azienda in termini di risorse minerarie e capacità produttiva futura. Le attività di esplorazione sono importanti per la strategia a lungo termine di Nexa per mantenere e potenzialmente aumentare la propria posizione nel mercato dello zinco. Il rapporto completo con ogni probabilità contiene informazioni dettagliate sulle posizioni dei fori di perforazione, sui gradi minerali e sulle stime delle risorse potenziali, che sono essenziali per valutare il successo dell'esplorazione dell'azienda e il suo potenziale minerario futuro.
Nexa Resources ha lanzado los resultados de su exploración para el segundo trimestre de 2024. La compañía, que se centra en la minería y producción de zinc, ha estado llevando a cabo actividades de perforación en sus varios proyectos. Si bien no se proporcionan detalles específicos en este resumen, la publicación de los resultados de exploración suele ser un evento significativo para las empresas mineras, ya que puede indicar el potencial para la expansión futura de recursos y el crecimiento de la producción.
Los inversores y analistas a menudo examinan detenidamente estos resultados para evaluar las perspectivas de la empresa en cuanto a reservas minerales y capacidad de producción futura. Las actividades de exploración son importantes para la estrategia a largo plazo de Nexa para mantener y potencialmente aumentar su posición en el mercado del zinc. El informe completo probablemente contiene información detallada sobre las ubicaciones de los agujeros de perforación, grados minerales y estimaciones de recursos potenciales, que son esenciales para evaluar el éxito de la exploración de la empresa y su potencial minero futuro.
Nexa Resources는 2024년 2분기 탐사 결과를 발표했습니다. 아연 채굴 및 생산에 집중하는 이 회사는 다양한 프로젝트에서 시추 작업을 수행해 왔습니다. 이 요약에는 구체적인 세부정보가 제공되지 않았으나, 탐사 결과의 발표는 일반적으로 광산 회사에 중요한 사건으로, 이는 미래 자원 확장 및 생산 성장 가능성을 나타낼 수 있습니다.
투자자와 분석가는 종종 이러한 결과를 면밀히 검토하여 회사의 광상 자원 및 미래 생산 능력에 대한 전망을 평가합니다. 탐사 활동은 Nexa가 아연 시장에서의 입지를 유지하고 잠재적으로 증가시키기 위한 장기 전략에 중요합니다. 전체 보고서에는 드릴 홀 위치, 광물 등급 및 잠재적 자원 추정치에 대한 상세 정보가 포함되어 있을 것으로 보이며, 이는 회사의 탐사 성공 및 미래 채굴 잠재력을 평가하는 데 필수적입니다.
Nexa Resources a publié ses résultats d'exploration pour le deuxième trimestre 2024. L'entreprise, qui se concentre sur la mines et la production de zinc, a mené des activités de forage dans ses divers projets. Bien que des détails spécifiques ne soient pas fournis dans ce résumé, la publication des résultats d'exploration est généralement un événement significatif pour les entreprises minières, car cela peut indiquer le potentiel d'expansion future des ressources et de croissance de la production.
Les investisseurs et les analystes examinent souvent attentivement ces résultats pour évaluer les perspectives de l'entreprise en matière de réserves minérales et de capacité de production future. Les activités d'exploration sont essentielles pour la stratégie à long terme de Nexa visant à maintenir et potentiellement accroître sa position sur le marché du zinc. Le rapport complet contient probablement des informations détaillées sur les emplacements des trous de forage, les teneurs minérales et les estimations de ressources potentielles, qui sont essentielles pour évaluer le succès de l'exploration de l'entreprise et son potentiel minier futur.
Nexa Resources hat die Ergebnisse seiner Explorationen für das zweite Quartal 2024 veröffentlicht. Das Unternehmen, das sich auf die Zinkgewinnung und -produktion konzentriert, hat Bohrarbeiten in seinen verschiedenen Projekten durchgeführt. Obwohl in dieser Zusammenfassung keine spezifischen Details angegeben sind, ist die Veröffentlichung der Explorationsergebnisse in der Regel ein bedeutendes Ereignis für Bergbauunternehmen, da sie auf das Potenzial künftiger Ressourcenerweiterungen und Produktionswachstums hindeuten kann.
Investoren und Analysten prüfen diese Ergebnisse oft genau, um die Perspektiven des Unternehmens hinsichtlich Mineralreserven und künftiger Produktionskapazitäten zu bewerten. Die Explorationsaktivitäten sind wichtig für die langfristige Strategie von Nexa, um seine Position auf dem Zinkmarkt zu halten und potenziell auszubauen. Der vollständige Bericht enthält wahrscheinlich detaillierte Informationen zu den Bohrlochstandorten, Mineralgehalten und potenziellen Ressourcenschätzungen, die entscheidend sind, um den Erfolg der Exploration des Unternehmens und sein zukünftiges Bergbaufpotenzial zu bewerten.
- Release of exploration results indicates ongoing investment in future growth
- Potential for resource expansion and increased production capacity
- None.
LUXEMBOURG / ACCESSWIRE / July 25, 2024 / Nexa Resources S.A. ("Nexa Resources", "Nexa", or "Company") is pleased to provide today the drilling and assay results from the second quarter of 2024. This document contains forward-looking statements.
Summary
Nexa's drilling strategy for 2024 focuses on near-mine expansion, brownfield and infill drilling. Additional exploratory drilling is also planned for greenfield projects with favorable prospects.
Exploration expenditure and drilling production are running close to budget but are slightly behind the drilling schedule. By the end of the second quarter, cumulative drilling production reached 105,198 meters, with 25,808 meters from exploratory drilling and 80,426 meters from mining infill drilling. Total exploratory drilling in 2Q24 was 15,857 meters, with 10,848 meters in Peru using seven rigs, and 5,008 meters in Brazil using five rigs. These numbers include 1,957 meters from early-stage greenfield projects in Brazil and Peru. Drilling production during 2Q24 was below schedule, mainly due to technical and mechanical issues with the new drilling contractor at Vazante, resulting in 1,665 meters less than planned, and also due to rainfalls at Cerro Lindo. Exploratory drilling planned for the next quarter includes 13,221 meters in Peru with eight rigs, 8,050 meters in Brazil with six rigs, and 1,500 meters in Namibia with one rig, totaling 22,271 meters.
Commenting on the report, Jones Belther, Senior Vice President of Mineral Exploration & Business Development, said "Our brownfield exploration programs are advancing toward expanding our exploration portfolio and aiming to increase the life of our mines. Drilling results at Cerro Lindo confirmed the extent of mineralization at depth in Orebody 8C, with an intercept of 32.1 meters at
For a full version of this document, please go to our Investor Relations website at: http://ir.nexaresources.com
About Nexa
Nexa is a large-scale, low-cost integrated zinc producer with over 65 years of experience developing and operating mining and smelting assets in Latin America. Nexa currently owns and operates five long-life mines, three of which are located in the central Andes region of Peru, and two of which are located in Brazil (one in the state of Minas Gerais and one in the state of Mato Grosso). Nexa also currently owns and operates three smelters, two of which are located in the state of Minas Gerais in Brazil, and one of which is Cajamarquilla located in Lima, Peru, which is the largest smelter in the Americas.
Nexa was among the top five producers of mined zinc globally in 2023 and one of the top five metallic zinc producers worldwide in 2023, according to Wood Mackenzie.
Cautionary Statement on Forward-Looking Statements
This news release contains certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to in this news release as "forward-looking statements"). All statements other than statements of historical fact are forward-looking statements. The words "believe," "will," "may," "may have," "would," "estimate," "continues," "anticipates," "intends," "plans," "expects," "budget," "scheduled," "forecasts" and similar words are intended to identify estimates and forward-looking statements. Forward-looking statements are not guarantees and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of NEXA to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Actual results and developments may be substantially different from the expectations described in the forward-looking statements for a number of reasons, many of which are not under our control, among them, the activities of our competition, the future global economic situation, weather conditions, market prices and conditions, exchange rates, and operational and financial risks. The unexpected occurrence of one or more of the abovementioned events may significantly change the results of our operations on which we have based our estimates and forward-looking statements. Our estimates and forward-looking statements may also be influenced by, among others, legal, political, environmental or other risks that could materially affect the potential development of our projects, including risks related to outbreaks of contagious diseases or health crises impacting overall economic activity regionally or globally.
These forward-looking statements related to future events or future performance and include current estimates, predictions, forecasts, beliefs and statements as to management's expectations with respect to, but not limited to, the business and operations of the Company and mining production our growth strategy, the impact of applicable laws and regulations, future zinc and other metal prices, smelting sales, CAPEX, expenses related to exploration and project evaluation, estimation of mineral reserves and/or mineral resources, mine life and our financial liquidity.
Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable and appropriate by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies and may prove to be incorrect. Statements concerning future production costs or volumes are based on numerous assumptions of management regarding operating matters and on assumptions that demand for products develops as anticipated, that customers and other counterparties perform their contractual obligations, full integration of mining and smelting operations, that operating and capital plans will not be disrupted by issues such as mechanical failure, unavailability of parts and supplies, labor disturbances, interruption in transportation or utilities, adverse weather conditions, and other COVID-19 related impacts, and that there are no material unanticipated variations in metal prices, exchange rates, or the cost of energy, supplies or transportation, among other assumptions.
We assume no obligation to update forward-looking statements except as required under securities laws. Estimates and forward-looking statements involve risks and uncertainties and do not guarantee future performance, as actual results or developments may be substantially different from the expectations described in the forward-looking statements. Further information concerning risks and uncertainties associated with these forward-looking statements and our business can be found in our public disclosures filed under our profile on SEDAR (www.sedarplus.ca) and on EDGAR (www.sec.gov)
For further information, please contact:
Investor Relations Team
ir@nexaresources.com
SOURCE: Nexa Resources S.A.
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