Nexa Resources Faces Q1 Challenges, Stays Optimistic

Nexa Resources (NEXA) has released an update.

Nexa Resources reports a challenging first quarter of 2024 with a net loss of $11 million, despite a solid operating performance and an adjusted EBITDA of $123 million. The company faced setbacks including fatal incidents at two mines, prompting a reinforced focus on safety. Amidst industry headwinds such as weak macro conditions and commodity price volatility, Nexa remains optimistic, highlighting progress in capital projects and maintaining its 2024 production guidance.

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