Pedro Melo

Pedro Melo asked about the seasonal rainy period's impact on Aripuanã's production evolution throughout the year, specifically considering the first quarter's seasonal context and the fourth filter's inauguration affecting the second half of 2026.

Answer

Leonardo Coelho, Senior VP of Mining, Nexa Resources, explained Aripuanã's production stability during the rainy season, the current bottleneck with three filters, and the expected full capacity in the second half of 2026 after the fourth filter installation.

Pedro Melo inquired about Nexa's next steps for long-term investments, assuming the successful implementation of Aripuanã's fourth filter, reduction of leverage and gross debt, and consistent mine life extension through projects like the Pasco Complex.

Answer

CEO Juan Ignacio Rosado indicated that with current price levels and operational stability, Nexa expects to generate significant cash flow to reduce debt. He stated that the company is actively seeking value-accretive opportunities in the market, particularly in copper, and a more flexible balance sheet will enable them to pursue these opportunities more aggressively.