Nexa Q2 Net Income Soars to $98M, EBITDA Hits $286M on Higher Zinc Prices
NEXA has more than doubled off its 52-week low of $4.7.
Summary
Nexa Resources reported Q2 2026 net income of $98 million, a dramatic increase from $13 million a year ago, driven by higher zinc prices and improved mining performance. Adjusted EBITDA reached $286 million, up 78% year-over-year, with net revenues of $908 million. The recovery of Peruvian operations, including the Cajamarquilla smelter returning to normal after the May fire, supported an 11% sequential increase in treated ore volumes. Two operational milestones were achieved: commissioning of a fourth tailings filter at Aripuanã and the start of block caving at Cerro Lindo, which is expected to lower costs and improve access to higher-grade copper. Additionally, the Cerro Lindo silver streaming stepdown from 65% to 25% provides a recurring cash generation boost with no incremental capital. The company also confirmed ongoing discussions between Votorantim and Boliden regarding a potential acquisition of the controlling stake, though terms remain uncertain. This follows the 6-K filed earlier today with preliminary figures, but adds substantial operational detail and forward-looking commentary.
At the time of this announcement, NEXA was trading at $14.40 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $1.9B. The 52-week trading range was $4.70 to $16.89. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: TMX Newsfile.