Nexa Resources Announces Tender Offers for Any and All of Its 2027 and 2028 Notes March 31, 2025 9:23 AM EDT | Source: Nexa Resources Luxembourg, Luxembourg--(Newsfile Corp. - March 31, 2025) - Nexa Resources S.A. (NYSE: NEXA) ("Nexa Resources," "Nexa" or the "Company") announced today that it has commenced a cash tender offer for any and all of its outstanding: (1) 5.375% Notes due 2027 (the "2027 Notes" and the "2027 Tender Offer") (144A CUSIP / ISIN: 91832C AA4/US91832CAA45 and Reg S CUSIP / ISIN: P98118 ...

Core Points - Nexa Resources has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission and on SEDAR+ in Canada [1][2] - The company has also submitted an updated report on Mineral Reserves and Mineral Resources estimates as of December 31, 2024, prepared in accordance with Canadian National Instrument 43-101 [3] - Nexa is recognized as one of the top five producers of mined zinc globally in 2024, according to Wood Mackenzie [5] Company Overview - Nexa Resources is a large-scale, low-cost, integrated polymetallic producer, primarily focused on zinc, with over 65 years of experience in mining and smelting operations in Latin America [4] - The company operates four long-life underground polymetallic mines in Peru and Brazil, as well as one low-cost open pit mine in Peru and three smelters in Brazil and Lima [4]

Nexa Resources Announces 2024 Year-End Mineral Reserves and Mineral ResourcesMarch 27, 2025 5:32 PM EDT | Source: Nexa ResourcesLuxembourg, Luxembourg--(Newsfile Corp. - March 27, 2025) - Nexa Resources S.A. (NYSE: NEXA) ("Nexa Resources" or "Nexa" or the "Company") announces its 2024 Year-End Mineral Reserves and Mineral Resources ("MRMR") update for its operations and projects in Peru and Brazil.Commenting on the MRMR update, Ignacio Rosado, CEO of Nexa Resources, stated: "Our 2024 mineral e ...

As filed with the Securities and Exchange Commission on March 27, 2025. 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, 2024 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) José Carlos del Valle Senior Vice President o ...

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Mining that changes with the world 4Q24 and FY2024 Results February 21, 2025 Três Marias Smelter, Minas Gerais - Brazil Disclaimer Important information concerning this presentation This presentation, prepared by Nexa Resources S.A. (herein referred to as "Nexa Resources", "Nexa", or the "Company"), 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. This Pres ...

Financial Data and Key Metrics Changes - In Q4 2024, adjusted EBITDA reached $197 million, a 79% increase from $110 million in the same period last year [9] - For the full year, adjusted EBITDA totaled $714 million, marking a significant 76% increase compared to 2023 [42] - Total consolidated net revenues for Q4 reached $741 million, an 18% increase year-over-year [11] - The net leverage ratio improved from 2.2 times in Q3 to 1.7 times [8][50] Business Line Data and Key Metrics Changes - Zinc production in Q4 2024 was 74,000 tons, down 19% year-over-year, primarily due to lower output at Cerro Lindo [16] - Lead and silver production increased by 2% and 1% respectively, driven by higher grades [11] - Smelting segment sales in Q4 reached 152,000 tons, a 6% increase year-over-year [21] - Consolidated smelting cost in Q4 was $1.26 per pound, up from $1.00 per pound in the same period last year [23] Market Data and Key Metrics Changes - The LME zinc price averaged $3,050 per ton in Q4, a 22% increase year-over-year [52] - The LME copper price averaged $9,193 per ton, up 13% from Q4 2023 [55] - The LME silver price averaged $31 per ounce in Q4, up 35% year-over-year [55] Company Strategy and Development Direction - The company is focusing on optimizing its portfolio and executing strategic divestments to concentrate on high-return assets [14] - The first phase of the Cerro Pasco integration project has been approved, which includes tailings pumping and piping systems [31] - The company aims to enhance production capacity and extend the life of its mines through disciplined capital allocation [57] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving positive cash flow and higher EBITDA in 2025, despite challenges faced in 2024 [78] - The company remains committed to safety and operational efficiency as top priorities moving into 2025 [60] - Management highlighted the importance of maintaining a strong balance sheet and liquidity position to support growth [49] Other Important Information - The company reaffirmed its investment-grade rating with a stable outlook from both Standard & Poor's and Fitch [58] - A new dividend policy was adopted, ensuring a minimum payment of eight cents per share and 20% of free cash flow [57][85] Q&A Session Summary Question: Can you share any quantitative estimates on the tailing filter and its CapEx? - The total CapEx for the Cerro Pasco project is around $140 million, with $85 million for the tailings pumping system [68][69] Question: Do you expect Aripuanã to have positive EBITDA in 2025? - Yes, Aripuanã is expected to have positive EBITDA in 2025, higher than in 2024 due to increased production and lower costs [80][82] Question: Can you clarify the new dividend policy? - The new policy includes a minimum payment of eight cents per share and 20% of free cash flow after sustaining capital [83][85] Question: What is the expected sustaining CapEx for 2025? - The sustaining CapEx for 2025 is expected to be around $316 million [93] Question: What is the status of the Magistral project? - The Magistral project is still of interest, but it faces competition from other projects and is currently in negotiations with government authorities [111][113]

Core Viewpoint - Nexa Resources S.A. reported a quarterly loss of $1 per share, significantly worse than the Zacks Consensus Estimate of $0.35, marking an earnings surprise of -385.71% [1] - The company has consistently failed to surpass consensus EPS estimates over the last four quarters [2] Financial Performance - Nexa Resources posted revenues of $740.92 million for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 5.86%, compared to $629.9 million in the same quarter last year [2] - The current consensus EPS estimate for the upcoming quarter is $0.31 on revenues of $694.2 million, and for the current fiscal year, it is $1.04 on revenues of $2.85 billion [7] Stock Performance - Shares of Nexa Resources have declined approximately 39% since the beginning of the year, contrasting with a 4.5% gain in the S&P 500 [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations of outperforming the market in the near future [6] Industry Outlook - The Mining - Miscellaneous industry, to which Nexa Resources belongs, is currently ranked in the bottom 32% of over 250 Zacks industries, suggesting potential challenges ahead [8] - The performance of Nexa Resources may be influenced by the overall outlook for the industry, as empirical research indicates a strong correlation between stock movements and earnings estimate revisions [5][8]

Core Viewpoint - Nexa Resources reported a strong financial performance in 2024, with a 76% increase in Adjusted EBITDA to US$714 million, driven by higher by-products contribution, stronger zinc prices, favorable foreign exchange variations, and reduced expenses [3][10]. Financial Performance - Adjusted EBITDA for 4Q24 rose to US$197 million, up from US$110 million in 4Q23, supported by increased metal sales volumes and foreign exchange gains [4]. - Net revenues for 2024 totaled US$2,766 million, an 8% increase from the previous year, with 4Q24 net revenues reaching US$741 million, up 18% compared to 4Q23 [6]. - The net loss for 2024 was US$187 million, a 36% reduction from the US$292 million loss in 2023, mainly due to higher operating income [7]. - Total CAPEX for 2024 was US$277 million, below the revised guidance of US$300 million, with nearly all investments directed toward sustaining expenditures [8]. Operational Performance - Zinc production for 2024 totaled 327kt, a 2% decrease from 333kt in 2023, primarily due to lower output at several mines [11]. - Copper production in 2024 reached 36kt, a 7% increase from 33kt in 2023, exceeding the upper end of the annual guidance [13]. - Lead production closed the year at 69kt, up from 65kt in 2023, while silver production totaled 12 million ounces, up from 10 million ounces in 2023 [14]. Growth Strategy and Asset Portfolio - Nexa advanced its portfolio optimization strategy in 2024, focusing on higher-return assets and disciplined capital allocation, including strategic divestments [18][19]. - The company approved the first phase of the Cerro Pasco Integration Project, aimed at extending the life of the mine and improving profitability [20]. - In December 2024, Nexa increased its ownership in Tinka Resources to approximately 19.86%, which holds the Ayawilca zinc-silver project [21]. ESG Initiatives - Safety remains a top priority for Nexa, with robust measures implemented to enhance accident prevention and protect the well-being of its workforce [23]. - Nexa advanced several ESG-related initiatives in 4Q24, including the commercialization of jarosite residue and the installation of Hydragen™ technology at the Vazante mine [25]. - The company was recognized as the Americas winner of the Gartner Eye on Innovation Awards for its application of Digital Twin technology at the Cerro Lindo mine [25]. Credit Ratings and Financial Policies - S&P and Fitch reaffirmed Nexa's 'BBB-' investment grade rating with a 'stable' outlook in 2024, while S&P assigned a 'brAAA' rating to its Brazilian subsidiary [26]. - A new dividend policy was announced to provide greater transparency and consistent shareholder returns while maintaining financial flexibility [26].

Nexa Resources S.A. Consolidated financial statements at December 31, 2024 and report of independent registered public accounting firm | C o n e t | s | t | n | | | | | --- | --- | --- | --- | --- | --- | --- | | Consolidated financial statements | | | | | | | | Consolidated income statement | | | | | 3 | | | Consolidated statement of comprehensive income | | | | | 4 | | | Consolidated balance sheet | | | | | 5 | | | Consolidated statement of cash flows | | | | | 6 | | | Consolidated statement of changes in ...