Core Viewpoint - Nexa Resources has adopted a new dividend policy effective January 1, 2025, aimed at distributing annual dividends based on various financial factors [1][2]. Dividend Policy Details - The new policy targets an annual dividend of up to 20% of free cash flow pre-events, with a minimum payment of US$0.08 per common share [3]. - Free cash flow pre-events is defined as free cash flow before accounting for significant, non-recurring, or extraordinary events [3]. - The annual dividend amount will be influenced by factors such as cash balance, free cash flow, leverage, capital investment programs, expected future cash flows, market volatility, and strategic planning [2][3]. Company Overview - Nexa Resources is a large-scale, low-cost integrated zinc producer with over 65 years of experience in mining and smelting in Latin America [5]. - The company operates five long-life mines and three smelters, with significant operations in Peru and Brazil [5]. - In 2024, Nexa was among the top five producers of mined zinc globally and one of the top five metallic zinc producers worldwide [6].

Shares of Nexa Resources (NEXA) hit a new 52-week high of $8.95 on Friday, before closing slightly lower at $8.75.The NEXA stock has gained 16.2% over the past three months against the miscellaneous mining industry's 16.1% decline and compared with the S&P 500’s 5.2% rise. Meanwhile, the Basic Materials sector has moved down 13.9%.NEXA’s share price performance reflects its upbeat third-quarter fiscal 2024 results, and ongoing efforts to optimize portfolio and improve cash flow and returns.NEXA Stock’s Thre ...

Nexa Resources S.A. (NEXA) has sold its stake in Minera Pampa de Cobre S.A.C., transferring its rights and interests in the Chapi copper mine to Quilla Resources Peru S.A.C. This move aligns with NEXA’s ongoing portfolio optimization strategy to improve its free cash flow and returns by focusing on its productive mines.  Nexa Resources had ceased operations on the Chapi mine in 2013 and had placed it under care and maintenance. The mine had been a financial burden for NEXA due to ongoing maintenance costs. ...

Transaction Details - Nexa Resources has completed the sale of 100% of the shares of Minera Pampa de Cobre S A C, the owner of the Chapi copper mine, to Quilla Resources Peru S A C [5] - The transaction involved the transfer of all shares, rights, titles, and interests in Chapi to Quilla [2] About Nexa Resources - Nexa is a large-scale, low-cost integrated zinc producer with over 65 years of experience in developing and operating mining and smelting assets in Latin America [7] - The company owns and operates five long-life mines, three in Peru and two in Brazil, as well as three smelters, including the largest smelter in the Americas located in Lima [7] - Nexa was among the top five producers of mined zinc globally and one of the top five metallic zinc producers worldwide in 2023 [8] About Quilla Resources - Quilla Resources Peru S A C is a privately held Peruvian company focused on acquiring and operating copper-focused mining projects in Peru and the wider region [6] - Quilla intends to restart the Chapi Mine and conduct exploration on the property [6]

Nexa Increases Its Equity Interest in Tinka ResourcesDecember 17, 2024 4:25 PM EST | Source: Nexa ResourcesLuxembourg, Luxembourg--(Newsfile Corp. - December 17, 2024) - Nexa Resources S.A. (NYSE: NEXA) ("Nexa Resources" or "Nexa" or the "Company") is pleased to announce that it has entered into an equity subscription agreement effective as of today's date (the "Agreement") with Tinka Resources Limited ("Tinka") (TSXV: TK) (BVL: TK) (OTCQB: TKRFF), as part of a larger non-brokered private plac ...

Nexa Resources S.A. (NEXA) has completed the previously announced sale of the Pukaqaqa Project located in the Huancavelica region of Peru. This move aligns with NEXA’s ongoing portfolio optimization strategy to improve its free cash flow and returns.Over the past few years, NEXA has been reviewing its assets and optimizing its portfolio per its disciplined capital allocation plan. In 2022, it announced its decision not to move forward with Pukaqaqa following a close assessment of its portfolio. On Sept. 4, ...

Financial Data and Key Metrics Changes - Total consolidated net revenues for Q3 2024 reached $709 million, up by 9% year-over-year, largely due to higher average LME prices [4][13] - Adjusted EBITDA was $183 million, 111% higher than the $87 million reported in the same quarter last year, with an adjusted EBITDA margin of around 26% [4][13] - Net leverage ratio improved to 2.2 times, down from 2.7 times in Q2 2024 and 3.1 times in Q3 2023 [5][16] Business Line Data and Key Metrics Changes - Zinc production reached 83,000 tons in Q3 2024, down by 5% year-over-year, primarily due to the absence of contributions from Morro Agudo and lower average grades [7] - Smelting segment metal sales totaled 153,000 tons in Q3 2024, down 1% from the same quarter last year, but up 3% compared to Q2 2024 [8] - Aripuanã achieved positive adjusted EBITDA for the third consecutive quarter and recorded its first full quarter of positive operating cash flow [9] Market Data and Key Metrics Changes - Average LME zinc price in Q3 2024 was $2,779 per ton, up by 14% from Q3 2023 [17] - Copper price averaged $9,210 per ton in Q3 2024, up by 10% from Q3 2023 [18] - Silver price averaged $29 per ounce in Q3 2024, up by 25% from Q3 2023 [18] Company Strategy and Development Direction - The company is focused on cash flow generation initiatives, operational efficiency, and enhancing productivity across all operations [4][19] - The Cerro Pasco integration project aims to unlock significant value, with investments to extend operational capacity and prolong operations [11][12] - The company is prioritizing efficient capital allocation to high-return assets, including the sale of non-core projects [6] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the continued support for zinc and copper prices due to stable demand and supply constraints [19] - The company anticipates further increases in treated ore and throughput rates, higher metal recoveries, and cost reductions [10] - Management acknowledged challenges in the smelting segment due to negative treatment charges and lower premiums, indicating potential production cuts [25] Other Important Information - The company invested $191 million in CapEx in the first nine months of 2024, with a reduction in capital expenditures guidance from $311 million to $300 million [14] - Available liquidity at the end of Q3 2024 was approximately $845 million, with a sound balance sheet and improved debt maturity profile [16] Q&A Session Summary Question: Status of Aripuanã and tailings filter - Management indicated that Aripuanã is currently operating at 90% capacity and plans to implement a fourth tailings filter, expected to be operational in 10 to 14 months [21][22] Question: Impact of recent trends on TCRCs - Management noted that negative treatment charges are unusual and may lead to production cuts if conditions do not improve [25] Question: Capital allocation and M&A focus - The company aims to reduce gross debt while exploring M&A opportunities, particularly in copper, to diversify and stabilize its portfolio [29][30] Question: Year-end reserves expectations - Management expressed confidence in extending the life of Cerro Lindo and Aripuanã through ongoing drilling and exploration efforts [32][34]

Nexa Resources S.A. (NEXA) came out with quarterly earnings of $0.02 per share, missing the Zacks Consensus Estimate of $0.08 per share. This compares to loss of $0.43 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -75%. A quarter ago, it was expected that this company would post earnings of $0.18 per share when it actually produced earnings of $0.15, delivering a surprise of -16.67%.Over the last four quarters, the company h ...

Nexa Resources S.A. Condensed consolidated interim financial statements (Unaudited) at and for the three and nine-month periods ended on September 30, 2024 Con ten ts Condensed consolidated interim financial statements | --- | --- | |-------|--------------------------------------------------------------------------------------| | | | | | Condensed consolidated interim income statement | | | Condensed consolidated interim statement of comprehensive income | | | Condensed consolidated interim balance sheet | ...

Nexa Resources S.A. (NEXA) announced that it agreed to sell the Pukaqaqa Project for $29.3 million (to be received in several installments). This move aligns with NEXA's ongoing portfolio optimization strategy to improve its free cash flow and returns. Over the past few years, NEXA has been reviewing its assets and optimizing its portfolio per its disciplined capital allocation plan. In 2022, it announced its decision not to move forward with Pukaqaqa following a close assessment of its portfolio. Details o ...