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Luxembourg-based Nexa Resources (NYSE:NEXA) S.A., a $808 million market cap company specializing in metal mining, has fulfilled its production and cost guidance for the year 2024 while surpassing expectations for copper production.
The company also provided an outlook for the years 2025 to 2027. According to InvestingPro data, the stock has seen a -31% return year-to-date, though analysts expect net income growth this year.
In a Form 6-K report filed with the U.S. Securities and Exchange Commission today, Nexa Resources, previously known as VM Holding S.A., announced it had achieved its production targets for the past year. The report, which serves as a monthly update for foreign private issuers, detailed the company’s performance and future projections. The company operates with a significant debt burden, with a debt-to-equity ratio of 1.94 and total debt of $1.93 billion as of the latest quarter.
Senior Vice President of Finance and Group Chief Financial Officer José Carlos del Valle signed the document, ensuring its accordance with the Securities Exchange Act of 1934.
The company, which operates under the standard industrial classification of metal mining, reported that its production levels and cost efficiency met the guidelines set for 2024. Notably, Nexa Resources exceeded its copper production targets, a significant achievement for the firm.
Looking ahead, Nexa Resources has provided an outlook for the next three years, from 2025 to 2027. While the specifics of the outlook were not disclosed in the summary provided, such forward-looking statements are crucial for investors and market analysts as they assess the company’s long-term prospects.
InvestingPro subscribers can access detailed financial health scores and 6 additional ProTips that provide deeper insights into the company’s prospects, including analyst forecasts and valuation metrics.
Nexa Resources’ consistent performance and strategic planning underscore its position in the metal mining industry. While currently unprofitable with a -$198.4 million net income in the last twelve months, analysts predict profitability this year with an EPS forecast of $0.31.
The company’s ability to meet and exceed its production goals is a testament to its operational efficiency and market adaptability. For comprehensive analysis, investors can access the detailed Pro Research Report available on InvestingPro, which covers all crucial aspects of Nexa Resources’ performance and outlook.
In other recent news, EMX Royalty Corporation has secured royalties from the Chapi copper mine in southern Peru, following a finalized Royalty Agreement with Minera Pampa de Cobre S.A.C. (MPC). The agreement grants EMX up to a 2% Net Smelter Returns (NSR) royalty on minerals from the mine and surrounding areas, with an initial payment of $3 million to MPC for a 1% NSR interest. The deal includes a perpetual Property Royalty from the approximately 26,000-hectare mining area and a Facilities Royalty from minerals processed at Chapi’s facilities. MPC retains the option to sell a second 1% NSR to EMX for an additional $7 million until February 28, 2025.
EMX’s royalty interests are guaranteed by Quilla Resources Inc., the Canadian parent company of MPC. The Chapi Mine, near Arequipa, Peru, has been under care and maintenance since 2012, with Quilla recently acquiring MPC and planning to restart operations in the first half of 2026. EMX’s acquisition of the Chapi Mine royalties expands its portfolio in the Paleocene-Eocene copper-molybdenum porphyry belt, a region known for significant copper production.
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