Past year: ▼ 0%(9.57 – 13.27 CAD)
Each one in plain English, with the numbers worked through for a shareholder.
1 Nov 2018security holder rights change▲ Good
Nexa confirmed the US$30 million buyback will start November 6, 2018 and run to November 6, 2019, covering up to 6,500,000 shares at market prices on the NYSE. This puts into effect the program announced in September; 133,320,513 shares were outstanding as of October 30, 2018.
22 Oct 2018resource reserve update▲ GoodMajor
On October 19, 2018 the Board approved construction of the Aripuanã project, following the feasibility study (first-time reserves: 26.2 million tonnes). The study estimates capex of about US$392 million, NPV of US$129 million at 9%, IRR of 15.8%, a 13-year mine life and production starting early 2021; Nexa holds 70% and expects to fund it from cash and operating cash flow. This follows the April 2018 preliminary license, and the installation license is still expected by end of 2018, with Karmin (30%) having one year to decide whether to contribute funding.
20 Sept 2018security holder rights change▲ GoodMajor
Nexa's Board approved a share buyback of up to US$30 million of its common shares over the 12 months from November 6, 2018 to November 6, 2019, carried out on the NYSE. The filing says it will not change the existing dividend policy, and there is no assurance how many shares will actually be bought.
1 Aug 2018drilling result▲ Good
Nexa reported its first-half 2018 exploration results: US$36.6 million spent and 147,381 meters of diamond drilling across its Peruvian and Brazilian mines and projects. Highlights include a Cerro Lindo hole with 39.75m at 3.82% zinc, and Aripuanã drilling where five of nine holes hit mineralization, with another 6,000 meters planned for the second half of 2018.
26 Apr 2018regulatory community update▲ GoodMajor
Environmental authorities in Mato Grosso, Brazil granted the Preliminary Environmental License for Nexa's Aripuanã zinc-lead-copper project on April 25, 2018. The filing calls it an important milestone, but the Installation and Operating licenses are still pending; the feasibility study was 58% done at end of March 2018 and is expected to go to the Board during 2018.
