NEXA Completes Sale of Chapi Mine to Enhance Cash Flow & Returns

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. ...