Nexa Resources SA (NEXA) has released an update.
Nexa Resources SA reports a mixed second quarter of 2024, with a net loss of US$69 million coupled with a solid Adjusted EBITDA of US$200 million, reflecting operational efficiency and increased production, particularly at the Aripuanã mine, which has now transitioned to ongoing operation. The company’s strategic portfolio optimization and a disciplined capital allocation have contributed to a reduction in net leverage ratio and a brighter outlook for zinc prices due to a tight concentrate market. Nexa continues to prioritize safety and productivity, with a forward-looking approach to improving performance and cash generation.
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