Stefan Weskott's questions to Nexa Resources SA (NEXA) leadership • Q2 2025
Question
Stefan Weskott from Citigroup inquired about the ramp-up timeline for Aripuana's fourth tailings filter and the company's forward-looking balance between deleveraging, dividend payments, and project investments.
Answer
CEO Ignacio Rosado confirmed the fourth filter at Aripuana is on track for commissioning in Q2 2026, which should allow the mine to reach its full run rate that year. CFO José Carlos del Valle Castro stated that with cash flow expected to improve, the top priorities are investing in operations to extend mine life and then reducing gross debt, with a goal of lowering leverage to around 1.0x to increase financial flexibility.