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Stock impact report

Nexa Resources (NEXA) Halts Operations at Morro Agudo Complex [Yahoo! Finance]

Nexa Resources S.A. Common Shares (NEXA) 
Last nexa resources s.a. common shares earnings: 10/31 06:08 pm Check Earnings Report
US:NYSE Investor Relations: nexaresources.com
Company Research Source: Yahoo! Finance
This move is part of its portfolio optimization strategy, aimed at enhancing the free cash flow in line with its disciplined capital allocation framework and long-term value maximization for shareholders. The Morro Agudo Complex consists of an underground and open pit polymetallic mine, as well as three deposits along the Ambrosia Trend (Ambrosia Sul, Ambrosia Norte and Bonsucesso). The Ambrosia Trend deposits are situated about 15-20 km northeast of Paracatu. The Ambrósia mine reached the end of its mine life during the fourth quarter of 2020 and operations have since been suspended. The Morro Agudo Complex produces approximately 1,650t of zinc and 390t of lead per month, which accounts for 5% and 6% of Nexa's zinc and lead production, respectively. In 2023, the mine had produced 23 kt of zinc and 8.3 kt of lead at a sustaining cash cost net of by-products of $0.87 per pound. The mine does not currently have any estimated mineral reserves. Till April 30, mining activities wil Show less Read more
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