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
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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
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NEXA
News
- Tinka Announces First Tranche Closing of Private Placement, Increase in Ownership by Nexa and Buenaventura [Yahoo! Finance]Yahoo! Finance
- Nexa Resources S.A. (NYSE: NEXA) was upgraded by analysts at Morgan Stanley from an "underweight" rating to an "equal weight" rating. They now have a $7.80 price target on the stock, up previously from $7.50.MarketBeat
- Nexa Resources Sells Pukaqaqa Project to Improve Cash Flow & Returns [Yahoo! Finance]Yahoo! Finance
- Nexa Resources Announces Closing Transaction of Pukaqaqa Project Sale to OlympicAccesswire
- Tinka Announces C$5.0 Million Non-Brokered Private Placement [Yahoo! Finance]Yahoo! Finance
NEXA
Earnings
- 10/31/24 - Miss
NEXA
Sec Filings
- 12/17/24 - Form 6-K
- 11/22/24 - Form 6-K
- 10/31/24 - Form 6-K
- NEXA's page on the SEC website