Nexa Resources: Falls on weak Q3 zinc production, prices

Nexa Resources SA

30/10/2020 16:04

** Zinc producer's shares  NEXA.N  down 3.6% at $5.93 
    ** Says Q3 revenue fell 4.6% to $538 mln from a year
earlier, driven by lower zinc volumes and average price
 urn:newsml:reuters.com:*:nBwb3VHLja
    ** Zinc production also dropped 16% as Peruvian mines ramp
up gradually following temporary suspension to control the
COVID-19 outbreak in the country
    ** Nexa maintained 2020 production outlook for zinc, while
reducing copper guidance range by 4 metric kiloton (kt) to
between 26kt and 29kt in light of the gradual ramp up of mining
operations
    ** J.P.Morgan says operations are coming back to normality
and costs are expected to normalize going forward
    ** Stock down 27.2% YTD

 (Reporting by Arundhati Sarkar in Bengaluru)
 ((Arundhati.Sarkar@thomsonreuters.com;
twitter.com/Arundhati_05; +1 646 223 8780 Ext: 2776))