Nexa Resources (NEXA) has released an update.
Nexa Resources reported a net loss of $11 million and an adjusted EBITDA of $123 million for the first quarter of 2024, amidst challenging market conditions including low zinc prices and decreased metal demand. Despite these challenges, the company is progressing with strategic priorities such as the Aripuanã ramp-up and has increased its mineral reserves by 10%, signaling continued focus on growth and operational efficiency. Nexa remains committed to safety after two fatal incidents and is steadfast in its dedication to sustainable and ethical business practices.
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