Nexa Resources Sells Peruvian Chapi Mine

Nexa Resources SA (NEXA) has released an update.

Nexa Resources S.A. has inked a deal to sell the Chapi mine to Quilla Resources Peru S.A.C. for $5 million, with additional contingent payments of up to $11 million based on future copper prices and production milestones. The Chapi mine in Peru, idle since 2013, is slated for operational revival by Quilla post-purchase. This strategic divestment is part of Nexa’s broader initiative to optimize its portfolio and enhance cash flow and shareholder value.

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