Each one in plain English, with the numbers worked through for a shareholder.
28 July 2026drilling result● Neutral
Nexa reported first-half 2026 drilling: 123,455 m in total (99,116 m infill, 24,339 m exploration), with top hits of 5.1 m at 13.93% Zn at Vazante's Conexão Sucuri Norte and 64.7 m at 6.33% Zn, 2.71% Pb and 502.08 g/t Ag at El Porvenir's Integración target. Nexa says the results support potential resource growth and mine-life extension; no resource figures are given. The 2026 exploration drilling plan was raised 12% to 66,805 m from 59,870 m (extra drilling at Namibia and Cerro Pasco), within unchanged guidance. At Aripuanã, no exploration drilling took place and geophysics was deferred to the second half due to operational delays, and the Hilarión drilling (4,000 m planned) was rescheduled for community engagement.
Nexa reported 2025 exploration results: 274,889 m drilled (69,807 m exploration, 205,082 m infill), with highlights such as 16.6 m at 9.63% Zn at Aripuanã's Massaranduba target and 14.2 m at 25.93% Zn at Vazante. Nexa says the results support resource replenishment and mine life extension, and plans 59,870 m of drilling in 2026 (74% in Peru). It also confirms the Otavi and Namibia North divestment completed December 22, 2025, resolving the May 2025 sale agreement; the filing text does not give a final price.
Nexa's subsidiary Votorantim Metals Namibia signed a deal to sell ten exploration licenses of the Otavi and Namibia North projects in Namibia to Midnab Resources (a subsidiary of ASX-listed Midas Minerals) for US$3.0 million at closing, plus up to US$7.0 million in contingent payments and retained royalty rights. The projects were previously in a joint venture with Japan's JOGMEC, which keeps 49% of the sale proceeds; completion is expected by December 31, 2025. Nexa calls it another portfolio-optimization step, continuing the Pukaqaqa sale and Morro Agudo disposal.
Nexa adopted a new dividend policy effective January 1, 2025, targeting an annual dividend of up to 20% of free cash flow before significant non-recurring events, with a minimum of US$0.08 per common share, applying to fiscal 2024 onwards. Payments depend on distributable amounts under Luxembourg law and factors such as cash, leverage and capex plans.
Nexa kept its 2024 total zinc (323-381 kt) and lead (66-82 kt) mining guidance, but raised guidance at Cerro Lindo, Vazante and Atacocha and cut it at Aripuanã (zinc 31-42 kt, down 26% at mid-point), citing lower ore volumes, fewer working days, lower grades and filter and flotation problems. It also lowered mining cash cost guidance to US$0.03-0.20/lb of zinc (from US$0.23-0.42) and 2024 capex to US$300 million from US$311 million. The release confirms Morro Agudo's sale closed July 1, 2024, with mining ceasing April 30, 2024, so only four months count in guidance; the Aripuanã shortfall continues the project's difficult ramp-up after its long-delayed start.
Nexa's Peruvian subsidiary signed a deal to sell 100% of Compañia Minera Cerro Colorado S.A.C., which holds the Pukaqaqa copper-molybdenum project in Peru, to Olympic Precious Metals for US$4.3 million (US$0.3M upfront, US$1.0M at closing-stage payment, US$3.0M later), plus up to US$25 million of contingent payments tied to development milestones. Closing is expected by December 2024; Nexa describes this as part of its ongoing portfolio optimization to improve free cash flow.
Nexa's subsidiary Nexa Resources Perú announced early redemption of all its 4.625% Senior Notes due 2023, US$128,470,000 in principal, to be redeemed on March 28, 2022. The price is the greater of 100% of principal or a make-whole present value calculation, plus accrued interest. The filing does not say how the redemption will be funded or give the total amount payable.
Nexa's board approved a US$50 million distribution: about US$44 million as a cash dividend (about US$0.331275 per share) and about US$6 million as a share-premium distribution (about US$0.046258 per share), based on 132,438,611 shares outstanding at December 31, 2021. It goes to holders of record on March 11, 2022 and is payable March 25, 2022. A 15% Luxembourg withholding tax applies to the cash dividend (refunds may be possible); the share-premium portion is tax-exempt. The approval is subject to shareholder ratification at the meeting for fiscal 2022, expected June 2023.
29 Nov 2021listing compliance notice● NeutralMajor
The TSX approved Nexa's voluntary delisting; the last day of trading in Toronto will be November 30, 2021. The shares stay listed on the NYSE as NEXA, and Nexa intends to apply to cease being a reporting issuer in Canada, subject to regulatory requirements. This completes the delisting announced on November 9, 2021, ending the TSX listing noted in earlier filings.
Nexa applied to voluntarily delist its common shares from the Toronto Stock Exchange, expected at the close of trading on or about November 30, 2021, subject to TSX acceptance. It cites the burdens of the listing, minimal TSX trading volumes and the availability of the NYSE, where shares keep trading as NEXA. It says operations are not expected to be affected and that it intends to apply to stop being a reporting issuer in Canada. Canadian-account holders are told to check with brokers how to trade on the NYSE.
Nexa filed an S-K 1300 technical report summary on its El Porvenir mine in Peru, prepared by SLR Consulting, with effective date December 31, 2020, signed January 15, 2021 and amended October 18, 2021, plus SLR's consent. The visible text is only the table of contents (which lists resource and reserve tables as of Dec 31, 2020), so no resource, reserve or economic figures can be read. It follows the same reformatting pattern as the Aripuanã S-K 1300 report filed in March 2021.
Nexa received the operating license for Aripuanã on October 7, 2021 from the Mato Grosso state environmental secretariat (SEMA). This resolves the open licensing step, which earlier filings expected by end-2020, so it arrived later than planned. Mechanical completion is expected in 4Q21 and commercial production is now scheduled for 2022, a move from the 2021 start-up expected in earlier filings.
Nexa filed an Aripuanã technical report summary prepared by SLR in the U.S. SEC format (S-K 1300), effective September 30, 2020 and signed January 15, 2021, with SLR's consent. It is a reformatted version of the November 2020 report; the visible text is the table of contents only, so no resource, reserve, capex or economic figures can be read from it.
Nexa bought 29,895,754 shares of Tinka Resources from an unrelated shareholder at C$0.26 per share, giving it about 8.8% of Tinka, with no special rights attached. Tinka's main asset is the Ayawilca zinc-silver project in Peru, and Nexa's CEO describes the stake as an option to grow; this is a minority stake, not a takeover. The total price is not stated in the filing (at C$0.26 per share it works out to roughly C$7.8 million, an inference).
Nexa filed the full Aripuanã technical report (dated November 17, 2020) with consents from four qualified persons; this is the report announced in the same-day release. The visible text is cover pages and a table of contents, which shows resource and reserve tables dated September 30, 2020, and the actual figures are not in the visible text.
Nexa announced it filed an updated technical report on the Aripuanã zinc project, dated November 17, 2020 and prepared jointly with SLR Consulting (formerly Roscoe Postle Associates). The release gives no figures; it says only that the report was previously announced on October 6, 2020 and is available on the company website, SEDAR and EDGAR.
Nexa signed a loan agreement of up to R$750 million (about US$140 million) with Brazil's development bank BNDES to finance the Aripuanã project. It matures in 2040 at an average annual rate of TJLP plus 3.14%; disbursements are expected to follow the project's completion curve and depend on conditions precedent being met, with the remainder in 2021. This is the first project-specific debt for Aripuanã, which earlier filings said would be funded from cash and operating cash flow.
Nexa asked to draw the full US$300 million of its revolving credit facility, expected April 14, 2020; the facility matures October 2024 at three-month LIBOR plus 1.00%. The filing says this strengthens liquidity during the COVID-19 outbreak. It also says Peruvian mines were preparing to restart April 13 after the quarantine ended, Brazilian operations and Aripuanã construction continue, and Nexa is evaluating cost cuts and postponing spending (including capex, project development and exploration), with a guidance revision to come with Q1 results.
Nexa released the preliminary economic assessment for Hilarión, due by end-2019 per earlier filings and now delivered in March 2020. It envisions a 16-year underground mine at 10,000 tonnes per day, averaging about 115kt of zinc a year (about 150kt zinc equivalent), with capex of US$585 million, after-tax NPV of US$231 million at 8% and IRR of 15.5%. The filing calls it a conceptual study with no certainty the forecasts will be realized; Nexa says it is still early stage and expects a pre-feasibility study in the medium term, and Hilarión remains 100% held by Nexa Perú (80% owned by Nexa).
Nexa filed the formal technical report on the Hilarión project in Peru (dated February 14, 2020, prepared with Roscoe Postle Associates), along with consents from the qualified persons. This is the report behind the Hilarión economic assessment announced the same day; the visible text is cover pages and table of contents, with no figures of its own.
Nexa filed an independent technical report (dated December 3, 2019, prepared by Roscoe Postle Associates) on its Cerro Lindo mine in Peru, with consents from the four qualified authors. It supports the mine's mineral resource and reserve estimates as of July 31, 2019; the visible text contains only the table of contents and the opening of the summary, so the resource and reserve figures themselves are not shown.
Nexa reported 2019 drilling at the Babaçu target next to Aripuanã, which it calls its best intersection there so far: hole BRAPD000057 hit 257 meters at 3.71% zinc, 1.87% lead and 0.36% copper. Babaçu has an unproven exploration target of 25-45 million tonnes (the filing says this is conceptual, not a mineral resource), and about 8,000 meters of further drilling is planned for 2020; mine production is still expected to start in 2021.
Nexa and Karmin completed the plan of arrangement on October 30, 2019; former Karmin shareholders get US$0.770467 in cash per share, and Karmin's other assets (including 20,615,138 VI Mining shares) went to the separate company Kar Gold, in which Nexa has no management role. This completes the deal announced in August; based on the earlier announcement, Nexa now owns 100% of Aripuanã (the closing release itself does not restate the ownership). Karmin shares were expected to be delisted from the TSX Venture and Lima exchanges after trading on November 1, 2019.
A court in Alberta issued the final order approving the Karmin arrangement on October 24, 2019, clearing one of the closing conditions for Nexa's purchase of Karmin's 30% Aripuanã stake. Closing still needs final TSX Venture Exchange approval and other customary conditions, and was expected around October 30, 2019.
Nexa filed the full legal Arrangement Agreement, dated August 26, 2019, among Nexa, Votorantim Metals Canada, Karmin and Kar Gold, the formal contract behind the Karmin purchase announced earlier. The visible text is the table of contents and definitions; it adds no new price or timing figures beyond the August 26 announcement (the body is truncated).
Nexa agreed on August 26, 2019 to buy Karmin Exploration, which holds the 30% of the Aripuanã zinc project Nexa does not already own, for an aggregate US$70 million (US$69.3 million to Karmin shareholders, about US$0.77 per share in cash, plus a US$700,000 loan to Karmin). This resolves the open question of whether Karmin would fund its share of Aripuanã: instead Nexa would own 100% on closing, to be paid from cash on hand. Completion needs a two-thirds Karmin shareholder vote, court approval and other customary conditions, and is expected by end of 2019.
Nexa reported first-half 2019 drilling at its 100%-owned Hilarión zinc project in Peru: 5 directional holes (4,650 meters) extended mineralization about 1 km northeast, narrowing the gap to the El Padrino deposit to 1.5 km. It gave a conceptual exploration target for Hilarión North of 30-120 million tonnes at 3.0-8.0% zinc equivalent, which the filing says is not a mineral resource; a preliminary economic assessment is expected by end of 2019.
This is a companion filing attaching the Atacocha mine technical report (dated March 22, 2019, prepared by RPA) and the qualified-person consents and certificates behind the April 3 announcement. The visible text contains no new figures beyond the report's table of contents and the announced reserve update; the detailed estimates are in the truncated body.
Nexa announced it filed its 2018 annual report (Form 20-F), an updated mineral reserves and resources report as of December 31, 2018, and a technical report for the Atacocha mine. Contained zinc reserves rose to 4,449.0 kt from 3,897.2 kt, which the filing attributes to the positive Aripuanã feasibility study and production decision.
Nexa reported that 2018 mining output met its guidance for all metals (373 kton zinc, 39 kton copper, 52 kton lead, 7,992 koz silver, 29 koz gold, with gold above the top of its range), and smelting sales of 617 kton were also within guidance. For 2019 it guides to about 3% more zinc (375-395 kton) and capex of about US$420 million, including about US$140 million for Aripuanã; the filing says the Aripuanã Installation License was received December 20, 2018, which resolves the open licensing item. Figures are preliminary and unaudited.
