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An update from Nexa Resources SA ( (NEXA) ) is now available.
Nexa Resources has increased its equity interest in Tinka Resources by acquiring 9,859,155 units of Tinka, raising its stake from 18.23% to 19.86%. This move, part of a non-brokered private placement financing, includes common shares and warrants, allowing Nexa to potentially further increase its holdings. The move signifies Nexa’s strategic interest in Tinka, an exploration and development company with significant zinc-silver-tin resources in Peru, potentially enhancing Nexa’s positioning in the mineral resources market.
More about Nexa Resources SA
Nexa Resources S.A. 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. It owns and operates five long-life mines in Peru and Brazil, and three smelters, including the largest smelter in the Americas, Cajamarquilla, located in Lima. Nexa was among the top five producers of mined and metallic zinc globally in 2023.
YTD Price Performance: 17.37%
Average Trading Volume: 28,759
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.11B
For a thorough assessment of NEXA stock, go to TipRanks’ Stock Analysis page.
