Brief: Nexa Resources SA Reports Q1 Net Loss Of $612 Million

Nexa Resources SA

12/05/2020 02:03

May 11 (Reuters) - Nexa Resources SA  NEXA.N :
    * Q1 NET LOSS -612 MILLION USD
    * Q1 REVENUE 442 MILLION USD VERSUS 570 MILLION USD YEAR AGO
    * Q1 EPS LOSS 3.94 USD
    * ADJUSTED OUR 2020 ZINC PRODUCTION GUIDANCE DOWNWARDS TO
300-335KTON, DOWN 11% FROM OUR PREVIOUS 2020 GUIDANCE
    * 2020 CAPITAL EXPENDITURES HAVE BEEN REDUCED BY 27% AND ARE
NOW
ESTIMATED AT US$300 MILLION
    * 2020 SMELTING SALES ARE ALSO EXPECTED TO DECREASE AND
UPDATED
GUIDANCE RANGE IS 540-580KTON, DOWN 10% FROM PREVIOUS 2020
GUIDANCE
    * TEMPORARILY SUSPENDED OUR INVESTMENTS IN GREENFIELD
PROJECT
DEVELOPMENT AND WE ARE REDUCING EXPLORATION EXPENSES
    * NEXA DID NOT EXPERIENCE ANY MATERIAL DISRUPTION TO METAL
SALES
IN 1Q20

Source text for Eikon:  ID:nBw4Y382ja 
Further company coverage:  NEXA.N 

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