Nexa Resources to Sell Pukaqaqa Project to Optimize Portfolio [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
NEXA announced that it agreed to sell the Pukaqaqa Project for $29.3 million (to be received in several installments). This move aligns with NEXA's ongoing portfolio optimization strategy to improve its free cash flow and returns. Over the past few years, NEXA has been reviewing its assets and optimizing its portfolio per its disciplined capital allocation plan. In 2022, it announced its decision not to move forward with Pukaqaqa following a close assessment of its portfolio. Details of Nexa Resources' Pukaqaqa Project Deal The Pukaqaqa project, located in the Huancavelica region of Peru, is a greenfield project in the pre-feasibility study stage. The project involves the development of an open-pit copper and molybdenum mine, with additional gold credits. The sale to Olympic Precious Metals Ltd is expected to close by Dec. 2024, subject to the fulfillment of certain customary conditions. The conditions include the transfer of some peripheral concessions held by Nexa Resources.
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News
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- Nexa Resources S.A. (NEXA) Misses Q3 Earnings and Revenue Estimates [Yahoo! Finance]Yahoo! Finance
NEXA
Earnings
- 10/31/24 - Miss
NEXA
Sec Filings
- 10/31/24 - Form 6-K
- 10/31/24 - Form 6-K
- 10/31/24 - Form 6-K
- NEXA's page on the SEC website