Nexa Resources (NEXA) has released an update.
Nexa Resources has announced the temporary suspension of its mining operations at the Morro Agudo Complex in Brazil starting May 1, 2024, as part of an optimization process to enhance cash flow and shareholder value. The mine, which contributes 5% and 6% to Nexa’s zinc and lead production respectively, will wind down mining activities while maintaining full limestone production until the suspension. This strategic move aligns with Nexa’s long-term strategy and commitment to its employees and communities.
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