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.
Nexa Resources (NEXA) maintains its position as a leading integrated zinc producer through strategic mining operations and advanced smelting capabilities across Latin America. This news hub provides stakeholders with essential updates on operational milestones, financial performance, and industry developments.
Access real-time announcements including quarterly earnings reports, production statistics, leadership changes, and sustainability initiatives. Our curated collection features press releases on mine expansions, smelting efficiency improvements, and market positioning strategies that impact NEXA's global operations.
Key updates cover resource exploration progress, byproduct metal recovery rates, and operational optimizations across Brazilian and Peruvian facilities. Investors will find detailed analyses of cost management initiatives and capital allocation decisions that drive NEXA's low-cost production model.
Bookmark this page for verified updates on environmental compliance achievements, community engagement programs, and technological advancements in zinc processing. Stay informed about NEXA's strategic partnerships and competitive positioning within the non-ferrous metals sector through our comprehensive news coverage.
Nexa Resources has reported Q1 2023 exploration results, revealing an expanded drilling program totaling 97,290 meters for the year, up from the previously planned 78,185 meters. This includes 36,340 meters in Brazil, 53,950 meters in Peru, and 7,000 meters in Namibia. In Q1, 19,434 meters were drilled across various sites. Key findings include high-grade mineralization at the Babaçú and Ambrex ore bodies, with impressive results such as 25.1 meters grading 4.83% Zn and 18.84% Zn in various holes. Activities in Brazil and Peru showed significant mineral continuity and high-grade intersections. No drilling occurred in Namibia during this quarter, but operations are expected to resume in Q2 2023.
Nexa Resources has announced the resumption of operations at its Cerro Lindo mine following the restoration of road access. The plant is currently operating at a production rate of 17ktpd, while underground mine dewatering is on track to be completed within 15 days. The mine produces around 233t of zinc per day, with an expectation to recover production losses from Q1 2023 in the coming quarters. The company's 2023 production guidance remains unchanged. Nexa is a leading integrated zinc producer in Latin America, with over 60 years of experience.
Nexa Resources has filed its annual report on Form 20-F for the fiscal year ended December 31, 2022, with the U.S. SEC and on SEDAR in Canada. Shareholders can request a hard copy of the audited financial statements at no cost. Additionally, Nexa has published an updated report on Mineral Reserves and Resources estimates as of December 31, 2022, prepared in accordance with NI 43-101. The company operates five underground mines in Peru and Brazil and is ramping up its sixth mine in Mato Grosso. Nexa ranked among the top five global producers of mined zinc in 2022, according to Wood Mackenzie.
Nexa Resources has announced its 2022 Year-End Mineral Reserves and Mineral Resources related to its operations in Peru and Brazil. As of December 31, 2022, the Company reported Proven and Probable Mineral Reserves of 100.6 million tonnes containing 3,540 kt of zinc, up from 97.1 million tonnes containing 3,359 kt of zinc in 2021. Significant contributions came from the Aripuanã project, which saw a 38% increase in reserves due to drilling efforts. However, there were decreases in Cerro Lindo, Vazante, and El Porvenir due to mining depletion. The Company plans to continue its exploration focus in 2023 with a total of 78,185 meters of drilling planned.
