Nexa Resources Announces New CFO

Rhea-AI Summary

Nexa Resources has appointed José Carlos del Valle as its new Senior Vice-President of Finance and Group Chief Financial Officer, effective October 3, 2022. With over 25 years of experience in the metals and mining sector, del Valle previously served as CFO at Compañía Minera Antamina, where he managed a $1 billion syndicated loan. He holds degrees from California State University and an MBA from Wharton. Nexa operates five underground mines in Latin America and ranked among the top five global zinc producers in 2021.

Positive

• Appointment of experienced CFO José Carlos del Valle, enhancing leadership
• Del Valle's successful track record in transforming mining companies
• Nexa is a top five global zinc producer, indicating strong market position

Negative

• None.

LUXEMBOURG / ACCESSWIRE / September 14, 2022 / Nexa Resources S.A. ("Nexa Resources" or "Nexa" or the "Company") (NYSE:NEXA) is pleased to announce that its Board of Directors has approved the appointment of José Carlos del Valle as Nexa's Senior Vice-President of Finance and Group Chief Financial Officer ("CFO"), effective October 3^rd, 2022.

"I am delighted to welcome José Carlos to our team. He is a well-known executive in the mining financial markets, and we believe that his solid track record will help us achieve our long-term goals, improve our competitiveness, and consolidate our high-performance culture", said Ignacio Rosado, President and Chief Executive Officer ("CEO").

Mr. del Valle, 53 years old, has extensive knowledge of the metals and mining industry and more than 25 years of experience in finance and planning. José Carlos joins Nexa after spending nine years as CFO at Compañía Minera Antamina, where he led a successful company-wide transformation program and a US$1 billion syndicated loan financing initiative, among other key efforts. Before Antamina, he was the CFO of Volcan Compañía Minera, where he led the successful issuance of US$600 million 10-year bond. Prior to that, he held various leadership positions at well-known companies, including McKinsey & Company, Standard Chartered Bank, and Wells Fargo Bank, among others.

José Carlos holds a Business Administration degree from California State University, as well as an MBA from The Wharton School. More recently, he also graduated from the Advanced Management Program ("AMP") at Harvard Business School.

About Nexa

Nexa is a large-scale, low-cost integrated zinc producer with over 60 years of experience developing and operating mining and smelting assets in Latin America. Nexa currently owns and operates five long-life underground mines - three located in the Central Andes of Peru and two located in the state of Minas Gerais in Brazil - and is starting the Aripuanã Project as its sixth underground mine in Mato Grosso, Brazil. Nexa also currently owns and operates three smelters, two located in Brazil and one in Peru, Cajamarquilla, which is the largest smelter in the Americas. Nexa was among the top five producers of mined zinc globally in 2021 and also one of the top five metallic zinc producers worldwide in 2021, 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"). Forward-looking statements contained in this news release may include, but are not limited to, zinc and other metal prices and exchange rate assumptions, projected operating and capital costs, metal or mineral recoveries, head grades, mine life, production rates, and returns; the Company's potential plans; the estimation of the tonnage, grade and content of deposits and the extent of the Mineral Resource and Mineral Reserve estimates; timing of commencement of production; exploration potential and results; the timing and receipt of necessary permits for future operations; the impacts of COVID-19 in our operations.

These statements are based on information currently available to the Company and the Company provides no assurance that actual results and future performance and achievements will meet or not differ from the expectations of management or qualified persons. 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 the Company 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 the Project, 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 and qualified persons considering their experience are inherently subject to significant 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 that there are no material unanticipated variations in metal prices, exchange rates, or the cost of energy, supplies or transportation, among other assumptions.

Estimates and forward-looking statements refer only to the date when they were made, and we do not undertake any obligation to update or revise any estimate or forward-looking statement due to new information, future events or otherwise, except as required by law. 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 annual report on Form 20-F and in our other public disclosures available on our website and filed under our profile on SEDAR (www.sedar.com) and on EDGAR (www.sec.gov).

For further information, please contact:
Roberta Varella - Head of Investor Relations
ir@nexaresouces.com
+55 11 94473-1388

SOURCE: Nexa Resources S.A.

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FAQ

Who is the new CFO of Nexa Resources?

José Carlos del Valle is appointed as the new Senior Vice-President of Finance and CFO of Nexa Resources, effective October 3, 2022.

What experience does José Carlos del Valle bring to Nexa?

Del Valle has over 25 years of experience in finance and mining, previously serving as CFO at Compañía Minera Antamina and Volcan Compañía Minera.

When did José Carlos del Valle start his role at Nexa?

José Carlos del Valle will start his role as CFO on October 3, 2022.

What is Nexa Resources known for in the mining industry?

Nexa is recognized as a large-scale, low-cost integrated zinc producer and ranked among the top five global zinc producers in 2021.