Workflow
Nexa Resources S.A.(NEXA)
icon
Search documents
Nexa Resources S.A.(NEXA) - 2022 Q2 - Quarterly Report
2022-07-28 21:09
Nexa Reports Second Quarter 2022 Results including Adjusted EBITDA of US$286 Million Luxembourg, July 28, 2022 – Nexa Resources S.A. ("Nexa Resources", "Nexa", or "Company") announces today its results for the three and six months ended June 30, 2022. CEO Message – Ignacio Rosado "We delivered strong results across the Company and recorded the highest quarterly Adjusted EBITDA in our history. We would like to thank our teams for the hard work in safely improving our performance and mitigating inflationary c ...
Nexa Resources S.A.(NEXA) - 2022 Q1 - Earnings Call Transcript
2022-04-30 04:16
Nexa Resources S.A. (NYSE:NEXA) Q1 2022 Earnings Conference Call April 29, 2022 11:00 AM ET Company Participants Roberta Varella - Head, IR Ignacio Rosado - CEO Rodrigo Menck - CFO Leonardo Coelho - SVP of Mining Conference Call Participants Carlos De Alba - Morgan Stanley Orest Wowkodaw - Scotia Bank Alex Hacking - Citi Jacky Przybylowski - BMO Capital Herman Kisluk - MetLife Lawson Winder - Bank of America Operator Good morning, and welcome to Nexa Resources First Quarter 2022 Conference Call. [Operator I ...
Nexa Resources S.A.(NEXA) - 2022 Q1 - Earnings Call Presentation
2022-04-29 16:07
From the world of mining to the world of people nexa 1Q22 Results April 29, 2022 EXA NYSE Disclaimer Important information concerning this presentation This presentation, prepared by Nexa Resources S.A. (herein referred to as the "Company" or "Nexa"), is solely for informational purposes. Disclosure of this presentation, its contents, extracts or abstracts to third parties is not authorized without express and prior written consent from the Company. Certain statements disclosed herein are "forward-looking s ...
Nexa Resources S.A.(NEXA) - 2022 Q1 - Quarterly Report
2022-04-28 21:19
Financial Performance - Nexa reported net revenues of US$722 million in Q1 2022, a 20% increase from US$603 million in Q1 2021[5]. - Adjusted EBITDA reached a record US$208 million in Q1 2022, up 15.6% from US$180 million in Q1 2021[14]. - Adjusted net income was US$94 million in Q1 2022, compared to US$32 million in Q1 2021, resulting in adjusted EPS of US$0.62[14]. - In Q1 2022, net revenues reached $722 million, a 20% increase year-over-year, driven by higher LME prices, despite lower volumes[44]. - Adjusted EBITDA for Q1 2022 was $208 million, up from $180 million in Q1 2021, primarily due to a $74 million increase from higher LME metal prices[50]. - The company recorded a gross profit of US$128.7 million in Q1 2022, reflecting a 44.1% increase from US$89.3 million in Q1 2021[112]. - Net revenues for 1Q22 were US$561.7 million, a 19.9% increase compared to US$468.3 million in 1Q21, primarily driven by higher LME prices[156]. Production and Sales - Zinc production decreased to 66.3kt in Q1 2022, down from 77.4kt in Q1 2021, due to lower grades and temporary capacity reduction[10]. - In Q1 2022, the cost of sales amounted to $525 million, a 22% increase year-over-year, mainly due to higher metal prices and inflationary pressures[45]. - Treated ore volume in 1Q22 was 2,753kt, a 7% decrease from 1Q21 and a 12% decrease from 4Q21, with production declines noted across several mines[63]. - Zinc production at Atacocha increased by 97% year-over-year to 2.4kt, with an average grade of 1.00%[89]. - Zinc production at Vazante decreased by 28% year-over-year to 24.9kt, impacted by heavy rainfall and flooding[97]. - In 1Q22, zinc metal production at Cajamarquilla was 76.7kt, down 9% from 4Q21 and 7% from 1Q21, while zinc metal sales were 74.3kt, a decrease of 17% from 4Q21 and 4% year-over-year[129][132]. Costs and Expenses - Total cash decreased to US$599 million as of March 31, 2022, primarily due to early redemption of debt and continued investments[19]. - Free cash flow in Q1 2022 was negative US$168 million, impacted by working capital changes and higher LME prices[19]. - Cost of sales increased by 30% in 1Q22, totaling US$502.9 million compared to US$386.7 million in 1Q21, mainly due to higher metal prices and operating costs[158]. - Cash cost net of by-products increased to US$1.26/lb in 1Q22, up 26.5% from US$0.99/lb in 1Q21, driven by higher LME prices and operating costs[170]. - Cash cost net of by-products for Cajamarquilla in 1Q22 was US$1.12/lb, up from US$1.01/lb in 1Q21, but down 15% from 4Q21[135]. Capital Expenditures and Investments - Total planned capital expenditures (CAPEX) for 2022 are projected at $385 million, with $83 million spent in Q1 2022, of which 35% was allocated to expansion projects[26]. - Sustaining capital expenditures in 1Q22 amounted to US$7.3 million, focused on mine development and infrastructure[76]. - The company expects production to improve in 2Q22 compared to 1Q22, despite scheduled maintenance in early April[137][149]. - The company is evaluating its capital allocation strategy and potential partnerships for growth projects, including the Magistral project[192]. Market Conditions and Outlook - The average LME prices for zinc, copper, and lead increased by 37%, 18%, and 16%, respectively, compared to the same period in 2021[44]. - Zinc prices were supported by limited supply, with record metal spot premiums reaching US$450/t in NW Europe and US$570/t in the U.S.[199]. - The company expects treated ore volume to increase in upcoming quarters, despite a projected lower zinc ore grade, maintaining 2022 production guidance[76]. - In China, demand for zinc in 1Q22 was seasonally low, with economic growth at 4.8% year-over-year due to COVID-19 outbreaks[200]. Projects and Exploration - The Aripuanã project is on track for commercial production to begin in Q3 2022, with cumulative CAPEX of US$593 million invested to date[19]. - The Aripuanã project achieved 100% physical progress by the end of Q1 2022, with commercial production expected in Q3 2022[32]. - The company plans to drill 1,600 meters in 2Q22 to test the Hilarión West and San Martin Targets for resource expansion[194]. - The Hilarión project is in the exploration stage, focusing on geological mapping and revision of recent findings in 1Q22[194]. - The Magistral project is in FEL 3 stage, with the mEIA amendment application admitted by SENACE in 1Q22[194].
Nexa Resources S.A.(NEXA) - 2021 Q4 - Annual Report
2022-03-17 20:51
NEXA RESOURCES ANNOUNCES 2021 YEAR-END MINERAL RESERVES AND MINERAL RESOURCES Luxembourg, March 17, 2022 - Nexa Resources S.A. ("Nexa Resources" or "Nexa" or the "Company") (NYSE Symbol: "NEXA") announces its 2021 Year-End Mineral Reserves and Mineral Resources relating to its operations and projects located in Peru and Brazil. Commenting on the MRMR update, Ignacio Rosado, CEO of Nexa Resources, said "our mineral exploration program in 2021 was still limited by the COVID-19 protocols and consequently, affe ...
Nexa Resources S.A.(NEXA) - 2021 Q4 - Annual Report
2022-03-17 20:42
As filed with the Securities and Exchange Commission on March 17, 2022. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 20-F ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2021 Commission file number: 001-38256 NEXA RESOURCES S.A. (Exact name of Registrant as specified in its charter) Grand Duchy of Luxembourg (Jurisdiction of incorporation or organization) Rodrigo Menck Senior Vice President Finance a ...
Nexa Resources S.A.(NEXA) - 2021 Q4 - Earnings Call Transcript
2022-02-16 18:14
Nexa Resources S.A. (NYSE:NEXA) Q4 2021 Earnings Conference Call February 16, 2022 10:00 AM ET Company Participants Roberta Varella - Head of Investor Relations Ignacio Rosado - Chief Executive Officer Rodrigo Menck - Chief Financial Officer Leonardo Coelho - Senior Vice President of Mining Conference Call Participants Carlos de Alba - Morgan Stanley Jackie Przybylowski - BMO Capital Markets Lawson Winder - Bank of America Securities Orest Wowkodaw - Scotiabank Operator Good morning, and welcome to Nexa Res ...
Nexa Resources S.A.(NEXA) - 2021 Q4 - Earnings Call Presentation
2022-02-16 15:00
From the world of mining to the world of people nexa 4Q21 and 2021 Results February 16, 2022 NYSE Disclaimer Important information concerning this presentation This presentation, prepared by Nexa Resources S.A. (herein referred to as the "Company" or "Nexa"), is solely for informational purposes. Disclosure of this presentation, its contents, extracts or abstracts to third parties is not authorized without express and prior written consent from the Company. Certain statements disclosed herein are "forward-l ...
Nexa Resources S.A.(NEXA) - 2020 Q4 - Annual Report
2021-03-22 22:25
As filed with the Securities and Exchange Commission on March 22, 2021. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 20-F ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2020 Commission file number: 001-38256 NEXA RESOURCES S.A. (Exact name of Registrant as specified in its charter) Grand Duchy of Luxembourg (Jurisdiction of incorporation or organization) Rodrigo Menck Senior Vice President Finance a ...
Nexa Resources S.A.(NEXA) - 2020 Q4 - Earnings Call Transcript
2021-02-12 21:51
Nexa Resources SA (NYSE:NEXA) Q4 2020 Earnings Conference Call February 12, 2021 10:00 AM ET Company Participants Tito Martins - President, CEO & Chairman Roberta Varella - Head, IR Rodrigo Menck - SVP, Finance, Group CFO & Treasurer Conference Call Participants Carlos De Alba - Morgan Stanley Timna Tanners - Bank of America Merrill Lynch Daniel McConvey - Rossport Investments Orest Wowkodaw - Scotiabank Operator Good morning, and welcome to Nexa Resources Fourth Quarter and Full Year 2020 Conference Call. ...