Nexa Resources S.A.(US:NEXA)2025-10-31 13:00Financial Performance - Net revenues reached US$764 million, an increase of 8% compared to both 2Q25 and 3Q24[14] - Adjusted EBITDA was US$186 million, up 16% from 2Q25 and 2% from 3Q24[14] - Free cash flow was US$52 million, an increase of US$35 million compared to 2Q25, but an decrease of US$1 million compared to 3Q24[14] - Net leverage stood at 22x, a decrease of 01x compared to 2Q25 and remained the same compared to 3Q24[14] Operational Highlights - Zinc production from mining reached 84kt, a 14% increase compared to 2Q25 and a 1% increase compared to 3Q24[14] - Total zinc sales from smelting amounted to 150kt, a 3% increase compared to 2Q25 but a 2% decrease compared to 3Q24[14] - Aripuanã achieved a new quarterly record with 104kt of zinc production, a 39% increase compared to 2Q25[24] Strategic Initiatives - Cerro Pasco Integration Project is progressing, aiming for a potential 15+ years LoM extension and a 20-30% NSR uplift[33] - The company is actively seeking accretive value-generating opportunities in mining-friendly jurisdictions[11] Market Overview - Zinc prices are consolidating near US$3,000/t, with a 2026 benchmark treatment charge expected at approximately US$130-180/t[73] - Silver prices increased by 58% from July 2024 to September 2025, reaching US$46/oz[67]