Nexa Resources (NEXA) has released an update.
Nexa Resources has finalized the sale of its Morro Agudo Complex in Brazil to Casa Verde Holding for around $16 million, as part of its portfolio optimization strategy to enhance cash flow and shareholder value. The Morro Agudo Complex, representing about 5-6% of Nexa’s zinc and lead production, will transition to limestone production under Casa Verde, with Nexa retaining its Bonsucesso project. The transaction is expected to close by the third quarter of 2024, maintaining Nexa’s 2024 guidance unchanged.
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