Nexa Resources Faces Q1 Net Loss

Nexa Resources (NEXA) has released an update.

Nexa Resources S.A. reports a net loss of $11,488 thousand for the first quarter ended March 31, 2024, a slight improvement from the $15,410 thousand loss in the same period last year. The company’s net revenues saw a decrease from $667,318 thousand to $579,782 thousand, with a noted impairment reversal of long-lived assets contributing $17,219 thousand. These financial results suggest a challenging quarter for Nexa Resources, as reflected in both the comprehensive loss and the basic and diluted loss per share figures.

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