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    Henrique BragaMorgan Stanley

    Henrique Braga's questions to Nexa Resources SA (NEXA) leadership

    Henrique Braga's questions to Nexa Resources SA (NEXA) leadership • Q1 2025

    Question

    Henrique Braga submitted written questions regarding the significant Q1 impact on working capital and the outlook for production.

    Answer

    Executive Rodrigo Cammarosano noted that these topics had already been comprehensively addressed by CFO José Carlos del Valle Castro and CEO Ignacio Rosado in their responses to previous analyst questions. The key takeaways were that the working capital outflow is seasonal and expected to reverse, while production should recover to meet mid-range guidance despite challenges at Aripuanã.

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