Nexa Resources Q1 Earnings Call Highlights

Nexa Resources (NYSE:NEXA) reported a sharply stronger archetypal 4th of 2026, with absorption pointing to higher metals prices, improved income volumes and amended operating performance, peculiarly astatine its Aripuanã mine.

Chief Executive Ignacio Rosado said adjusted EBITDA much than doubled twelvemonth implicit twelvemonth to $283 million, with a borderline of astir 32%. Net income totaled $118 million, oregon $0.67 per share. Net leverage ended the 4th astatine 1.59 times, down from 2.09 times a twelvemonth earlier, supported by stronger last-12-month adjusted EBITDA.

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Rosado said the 4th benefited from “a constructive terms situation crossed our full metallic mix,” higher income volumes successful some mining and smelting, and continued operational improvement. He said metallic was a standout, with mean prices 164% supra the archetypal 4th of 2025.

The institution besides faced impermanent disruptions astatine its Peruvian operations. Rosado cited dense rainfall astatine Cerro Lindo, an amerciable assemblage blockade astatine Atacocha and a shaft constraint astatine El Porvenir arsenic factors that affected sequential production. He said those issues person been addressed and the affected operations returned to mean tally rates.

Mining Segment Benefits From Grades and Byproducts

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Mining zinc accumulation reached 79,000 tons successful the quarter, up 18% from a twelvemonth earlier, arsenic each 5 mines benefited from improved ore grades. Sequentially, accumulation declined due to the fact that of the impermanent constraints successful Peru.

Rosado said mining currency costs, nett of byproducts, were antagonistic $0.76 per pound, beneath the company’s 2026 guidance range, helped by stronger byproduct grades and higher zinc, copper, metallic and golden prices. Cost per run-of-mine ton was $57, successful enactment with guidance.