Research analysts who have asked questions during Nexa Resources earnings calls.
Carlos de Alba
Morgan Stanley
3 questions for NEXA
Also covers: AA, AR, BVN +13 more
Hernan Kisluk
MetLife
2 questions for NEXA
Also covers: SCCO
LW
Lawson Winder
Bank of America
2 questions for NEXA
Also covers: AA, AEM, CCJ +21 more
Orest Wowkodaw
Scotiabank
2 questions for NEXA
Also covers: CCJ, ERO, FCX +2 more
Declan Hanlon
Santander
1 question for NEXA
HB
Henrique Braga
Morgan Stanley
1 question for NEXA
JR
Julian Rios
SMBC Nikko Securities
1 question for NEXA
MM
Matheus Moreira
Bradesco BBI
1 question for NEXA
Also covers: SCCO
Rodrigo Murrieta
AFP Integra
1 question for NEXA
Stefan Weskott
Citigroup
1 question for NEXA
Recent press releases and 8-K filings for NEXA.
Nexa Resources S.A. Announces 2025 Operational Results and 2026-2028 Outlook
NEXA
Guidance Update
New Projects/Investments
Earnings
- Nexa achieved its consolidated mining production, sales, and cost guidance for 2025.
- In 2025, zinc production totaled 316kt, copper production was 33kt, lead production reached 63kt, and silver production totaled 11MMoz, all within their respective annual target ranges.
- For 2026, consolidated zinc production is projected to increase by approximately 6% compared to 2025, while copper production is expected to decline by approximately 17%.
- Total CapEx guidance for 2026 is set at US$381 million, an increase of US$34 million compared to 2025 guidance.
- The full financial results for the fourth quarter and full year 2025 are expected to be published on Thursday, February 26, 2026.
21 hours ago
Nexa Resources S.A. Announces Closing of Otavi Project Sale
NEXA
M&A
New Projects/Investments
- Nexa Resources S.A. announced the completion of the sale of ten Exclusive Prospecting Licenses (EPLs) forming part of its Otavi and Namibia North projects on December 22, 2025.
- The sale was executed by Nexa's subsidiary, Votorantim Metals Namibia (Pty) Ltd., to Midnab Resources (Pty) Ltd., a subsidiary of Midas Minerals Ltd..
- The Japan Organization for Metals and Energy Security (JOGMEC) retains rights to 49% of the proceeds from this sale.
- This divestment is part of Nexa's ongoing portfolio optimization strategy, aimed at prioritizing return-generating assets, enhancing free cash flow, and supporting disciplined capital allocation.
Dec 22, 2025, 9:22 PM
Nexa Resources Reports Strong Q3 2025 Financial and Operational Performance
NEXA
Earnings
Guidance Update
New Projects/Investments
- Nexa Resources delivered robust financial results in Q3 2025, reporting net revenues of $764 million, adjusted EBITDA of $186 million, and net income of $100 million or $0.52 per share.
- Operational performance was strong, with Q3 2025 mining production reaching 84,000 tons of zinc, driven by a record quarter at Aripuanã and a solid recovery at Vazante. Smelting sales totaled 150,000 tons.
- The company strengthened its balance sheet, with net leverage decreasing to 2.2 times and generating $52 million in free cash flow in Q3 2025.
- Key strategic projects are progressing, including the Aripuanã fourth tailings filter expected to be installed in Q4 2025 and commissioned in early 2026 to achieve full production capacity by H2 2026, and the Cerro Pasco Integration Project advancing on plan.
- Nexa reaffirmed its 2025 CapEx guidance of $347 million and expressed a commitment to deleveraging, targeting net leverage closer to one time and a $500-$600 million reduction in gross debt over the next four years.
Oct 31, 2025, 1:00 PM
Nexa Reports Strong Q3 2025 Financial and Operational Results
NEXA
Earnings
New Projects/Investments
Guidance Update
- Nexa reported Net Revenues of US$764 million in Q3 2025, an 8% increase compared to both Q2 2025 and Q3 2024, driven by improved operational performance and higher average prices.
- Adjusted EBITDA grew to US$186 million in Q3 2025, up 16% from Q2 2025 and 2% from Q3 2024, contributing to a net income of US$100 million and EPS of US$0.52.
- The company generated US$52 million in Free Cash Flow in Q3 2025, a substantial increase from US$35 million in Q2 2025 and US$1 million in Q3 2024.
- Zinc production from mining reached 84kt in Q3 2025, a 14% increase quarter-over-quarter, with the Aripuanã mine achieving a record 10.4kt of zinc production. The fourth tailings filter for Aripuanã is expected for site delivery in early November.
- Nexa maintained a solid financial position with US$790 million in liquidity and a Net Leverage ratio of 2.2x as of September 30, 2025.
Oct 31, 2025, 1:00 PM
Nexa Resources Announces Strong Q3 2025 Results and Strategic Project Progress
NEXA
Earnings
Guidance Update
New Projects/Investments
- Nexa Resources reported strong Q3 2025 financial results, including net revenues of $764 million, adjusted EBITDA of $186 million, and net income of $100 million, or $0.52 per share.
- Operational performance was robust, with mining production of 84,000 tons of zinc and smelting sales of 150,000 tons, driven by a record quarter at Aripuanã and recovery at Vazante.
- Strategic projects are progressing, with the fourth tailings filter for Aripuanã en route for commissioning in early 2026 to reach full production capacity by H2 2026, and Phase One of the Cerro Pasco Integration Project advancing.
- The company generated $52 million in free cash flow in Q3 2025, reducing net leverage to 2.2 times. Nexa is committed to deleveraging, targeting a reduction of gross debt by $500 to $600 million over the next four years and aiming for net leverage closer to one time.
- Nexa reaffirmed its 2025 CapEx guidance of $347 million and expects working capital to be positive in Q4 2025, leading to a near-neutral full-year position. A silver streaming agreement at Cerro Lindo will step down in Q2 2026, potentially adding $70 to $75 million in cash flow.
Oct 31, 2025, 1:00 PM
Nexa Resources Reports Strong Q3 2025 Results with US$100 Million Net Income and Increased Zinc Production
NEXA
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- Nexa Resources reported Net Income of US$100 million and Adjusted EBITDA of US$186 million for the third quarter of 2025.
- Net revenues for Q3 2025 totaled US$764 million, an 8% increase from both the previous quarter and the prior year's third quarter.
- Basic and diluted earnings per share (EPS) was US$0.52 for Q3 2025, while adjusted basic and diluted loss per share was US$(0.03).
- Zinc production reached 84kt in Q3 2025, marking a 14% increase quarter-over-quarter, significantly driven by Aripuanã achieving its highest production since its ramp-up.
- The company's net debt as of September 30, 2025, was US$1,479 million, with the Net Debt/LTM Adjusted EBITDA ratio improving to 2.2x from 2.3x in the prior quarter.
Oct 30, 2025, 8:21 PM
Nexa Resources S.A. Reports Q3 2025 Financial Results and Strategic Updates
NEXA
Earnings
Debt Issuance
Legal Proceedings
- Nexa Resources S.A. reported a net income of $100,148 thousand for the three-month period ended September 30, 2025, and $142,165 thousand for the nine-month period ended September 30, 2025.
- The company completed a bond offering of USD 500,000 in April 2025 to repurchase existing notes and secured an Export Prepayment Loan of USD 40,000 in May 2025 to strengthen short-term liquidity.
- A significant impairment reversal of USD 108,005 thousand was recognized for the Cerro Pasco CGU for the nine-month period ended September 30, 2025, primarily due to increased metal prices.
- Estimated contingent tax liabilities decreased to USD 374,314 thousand as of September 30, 2025, from USD 430,567 thousand at December 31, 2024, following final resolutions on 2014 and 2015 tax stability discussions.
- The obligation to fulfill the investment commitment for the Magistral Project has been suspended due to a force majeure event, also suspending a potential penalty of USD 97,029.
Oct 30, 2025, 8:21 PM
Quarterly earnings call transcripts for Nexa Resources.
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