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Stock impact report

Nexa Resources Announces Solid 3Q24 Results with Net Income of US$6 Million and Adjusted EBITDA of US$183 million [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
results from Aripuanã, and lower mineral exploration and project evaluation expenses in the period. Net revenues totaled US$709 million in 3Q24, up 9% year-over-year, driven by higher zinc and copper prices. Free cash flow was US$51 million, supported by robust operating cash flow and lower CAPEX investments, partially offset by a negative working capital variation. LUXEMBOURG / ACCESSWIRE / October 31, 2024 / Nexa Resources, one of the world's leading zinc producers, delivered a solid performance in 3Q24. Net income for the quarter was US$6 million, compared to a net loss of US$64 million in 3Q23 and US$70 million in 2Q24. This improvement was primarily driven by favorable exchange rate effects, impairment reversals, and improved operating performance. Adjusted EBITDA reached US$183 million, more than double the US$87 million reported in 3Q23, driven by higher by-products contribution, zinc prices, improved results from Aripuanã, and lower exploration and project evaluation e Show less Read more
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