Nexa Resources Reports Q3 2026 Earnings with Significant EBITDA Growth Amid Higher Metal Prices
Nexa Resources reported strong third-quarter 2026 financial results, highlighted by a 62% year-over-year increase in Adjusted EBITDA to $301 million. This growth was primarily driven by surging zinc and copper prices, alongside increased byproduct contributions. Despite reporting a net loss of $47 million due to a $124 million non-cash impairment charge related to Brazilian assets, the company's operational metrics showed significant strength, including a 7% increase in zinc production. The company is aggressively investing in its future, raising its 2026 capital expenditure guidance by 10% to support mine development at Aripuanã and the Cerro Pasco Integration Project. While smelting margins face pressure and S&P Global Ratings recently lowered Nexa's credit rating to BB+, the firm maintains a solid liquidity position of $735 million and has successfully reduced its net leverage to 1.24 times.
Tickers: $NEXA
Topics: CapEx Guidance EBITDA Free Cash Flow Impairment Charge Zinc Production
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