Nexa Resources Reaffirms Its 2024 Guidance For Total Zinc And Lead Production In Mining Segment
Portfolio Pulse from Benzinga Newsdesk
Nexa Resources has reaffirmed its 2024 guidance for zinc and lead production in its mining segment. The company has also revised its 2024 CAPEX guidance downward by $11 million, from $311 million to $300 million, due to positive foreign exchange impacts and capital allocation optimization efforts.
October 24, 2024 | 9:42 pm
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Nexa Resources has reaffirmed its 2024 production guidance for zinc and lead, while reducing its CAPEX guidance by $11 million due to favorable FX impacts and capital optimization.
The reaffirmation of production guidance suggests stability in Nexa's operations, which is positive for investors. The reduction in CAPEX indicates effective cost management, likely improving profitability. These factors combined are likely to have a positive short-term impact on NEXA's stock price.
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