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 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.
Nexa Resources S.A. (NYSE:NEXA) has announced a suspension of operations at its Cerro Lindo mine due to severe flooding caused by heavy rainfall from Cyclone Yaku. The underground mine is partially flooded, impacting lower levels and road access, though production has not yet been affected for the month. Daily zinc production averages 233 tons. Nexa anticipates resuming operations in 10 to 12 days, depending on dewatering efforts and further rainfall. The potential impact on 2023 guidance is being evaluated. Nexa emphasizes its commitment to employee safety and will update the market as necessary.
Nexa Resources (NYSE: NEXA) reported significant increases in its Aripuaná mine's Mineral Reserves and Resources as of December 31, 2022. Mineral Reserves rose to 30.12Mt from 21.79Mt in 2021, due primarily to an extensive drilling program, enhancing the mine life by about three years. The Proven and Probable Mineral Reserves contain 1,029.3Kt Zn, 377.7Kt Pb, and substantial Ag and Au quantities. In 2023, Nexa aims to expand drilling to further increase resources, particularly in the Babaçu deposit. The company's successful strategies underline its position as a major player in zinc production.
Nexa Resources S.A. reported its financial and operational results for Q4 and full year 2022, achieving strong metal production and sales despite rising costs and commodity price volatility due to the Russia-Ukraine conflict. Net revenues for Q4 reached $780 million, up from $678 million YoY, while full-year revenues hit $3,034 million, reflecting a 16% increase. Adjusted EBITDA for Q4 was $120 million, down from $153 million YoY. The company continues to progress with its Aripuanã project, indicating a potential 35% increase in mineral reserves. For 2023, Nexa anticipates elevated cash costs and is focused on disciplined capital allocation amidst economic uncertainties.
Nexa Resources announced a Special Cash Dividend of approximately US$25 million, translating to US$0.188766 per common share, for shareholders as of March 10, 2023. The dividend will be paid on March 24, 2023, and will be exempt from tax. This decision is pending ratification by shareholders at the upcoming annual meeting expected in June 2024. Nexa, noted as one of the top five global producers of mined zinc, operates multiple long-life underground mines and smelting facilities across Latin America.
Nexa Resources released its drilling and assay results for the fourth quarter and full year of 2022, highlighting a total drilling production of 259,314 meters. This includes 116,730 meters of exploratory drilling, achieving 95% of planned activities. Significant findings include high-grade mineralization at the Aripuanã project, with results such as 26.0 meters @ 8.36% Zn and 6.1 meters @ 22.85% Zn. Future exploratory drilling plans for early 2023 include an estimated 16,200 meters across various regions. The company continues to demonstrate potential for extending the life of its mining operations.
Nexa Resources reported its financial results for Q3 and 9M 2022, revealing net revenues of US$703 million, up 7.3% year-over-year. However, net income showed a loss of US$40 million, largely due to significant declines in metal prices and rising operational costs. Zinc production fell by 5% compared to Q3 2021, impacted by lower output at Cerro Lindo. Despite a strong balance sheet, Nexa faces challenges from inflation and global market volatility. The Aripuanã project is on track for commercial production in December, with ongoing cost reduction strategies in place to combat economic pressures.
Nexa Resources has released its third-quarter 2022 drilling and assay results, highlighting a focus on near-mine expansion and infill drilling, particularly at the Aripuanã project. By the end of the quarter, cumulative drilling reached 199,639 meters, with 24,693 meters drilled in Q3 alone. Results indicate potential for extending mine life, especially at Cerro Lindo and the Pasco complex, where significant mineralization was reported. The Hilariôn project also showed promising skarn mineralization. The company plans further exploratory drilling of 28,380 meters in the upcoming quarter.
