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Nexa Resources SA ( (NEXA) ) has issued an announcement.
In its financial results for the year 2024, Nexa Resources reported a net loss of $187 million despite achieving the second-highest annual Adjusted EBITDA in its history at $714 million. The company emphasized its operational improvements and financial discipline, which led to a positive cash flow and debt reduction. Key strategic initiatives included the approval of the first phase of the Cerro Pasco Integration Project and asset optimization through divestments. However, the year was also marked by safety challenges, with efforts focused on enhancing safety protocols following operational fatalities. Looking forward to 2025, Nexa remains optimistic about zinc market fundamentals and is committed to sustainable growth and financial prudence.
More about Nexa Resources SA
Nexa Resources S.A. is a company operating in the mining industry, primarily focusing on the production of zinc as well as other metal products. The company is headquartered in Luxembourg and is known for its strategic investments in mining projects such as Aripuanã and Cerro Pasco, aiming to enhance operational capacity and profitability.
YTD Price Performance: -25.42%
Average Trading Volume: 122,600
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $682.1M
For an in-depth examination of NEXA stock, go to TipRanks’ Stock Analysis page.
