Nexa Resources Announces Its 2018 Year End Mineral Reserves & Mineral Resources & Also Provides Greenfield Project Pipeline U...
March 28 2019 - 5:00PM
Business Wire
Nexa Resources S.A. (“Nexa Resources” or “Nexa” or the
“Company”) (NYSE and TSX Symbol: “NEXA”) hereby informs its
shareholders and the market in general that it has prepared the
2018 Year End Mineral Reserves and Mineral Resources relating to
its operations and projects located in Peru and Brazil.
Nexa is also pleased to announce that the analysis related
to some of its mining projects located in Peru and
Brazil, namely, Hilarión, Shalipayco and Caçapava do
Sul, have been completed and updated.
Tito Martins, the Chief Executive Officer of Nexa Resources,
commented, “We’re very happy with the results of the updated
analysis of these projects. This reinforces our belief that we’re
on the right path to generate value for our stakeholders.”
To read these press releases with full details, please access
our IR website:
ir.nexaresources.com/regulatoryfilings --> Announcements
About Nexa
Nexa is a large-scale, low-cost integrated zinc producer with
over 60 years of experience developing and operating mining and
smelting assets in Latin America. The Company currently owns and
operates five long-life underground mines - three located in the
Central Andes of Peru and two located in the state of Minas Gerais
in Brazil - and is among the top five producers of mined zinc
globally in 2018, according to Wood Mackenzie. Nexa is also one of
the top five metallic zinc producers worldwide in 2018, according
to Wood Mackenzie.
CAUTIONARY STATEMENT ON FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking information
and forward-looking statements as defined in applicable securities
laws (collectively referred to in this News Release as
“forward-looking statements”). All statements other than statements
of historical fact are forward-looking statements. Forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or
achievements of Nexa Resources to be materially different from any
future results, performance or achievements expressed or implied by
the forward-looking statements. These forward-looking statements
include (but are not limited to) estimates, forecasts, and
statements as to management’s expectations with respect to the
business and operations of the Company and mining production and
its projects.
This news release also contains references to estimates of
mineral resources and mineral reserves. The estimation of mineral
resources is inherently uncertain and involves subjective judgments
about many relevant factors. Estimates of mineral reserves provide
more certainty but still involve similar subjective judgments.
Mineral resources that are not mineral reserves do not have
demonstrated economic viability. The accuracy of any such estimates
is a function of the quantity and quality of available data, and of
the assumptions made and judgments used in engineering and
geological interpretation (including estimated future production
from the Company’s projects, the anticipated tonnages and grades
that will be mined and the estimated level of recovery that will be
realized), which may prove to be unreliable and depend, to a
certain extent, upon the analysis of drilling results and
statistical inferences that ultimately may prove to be inaccurate.
Mineral resource or mineral reserve estimates may have to be
re-estimated based on: (i) fluctuations in mineral prices; (ii)
results of drilling; (iii) metallurgical testing and other studies;
(iv) proposed mining operations, including dilution; (v) the
evaluation of mine plans subsequent to the date of any estimates
and/or changes in mine plans; (vi) the possible failure to receive
required permits, approvals and licenses; and (vii) changes in law
or regulation. Forward-looking statements are necessarily based
upon a number of factors and assumptions that, while considered
reasonable by management, are inherently subject to significant
business, economic and competitive uncertainties and contingencies.
Statements concerning future production costs or volumes are based
on numerous assumptions of management regarding operating matters
and on assumptions that demand for products develops as
anticipated, that customers and other counterparties perform their
contractual obligations, that operating and capital plans will not
be disrupted by issues such as mechanical failure, unavailability
of parts and supplies, labor disturbances, interruption in
transportation or utilities, adverse weather conditions, and that
there are no material unanticipated variations in the cost of
energy or supplies.
We assume no obligation to update forward-looking statements
except as required under securities laws. Further information
concerning risks and uncertainties associated with these
forward-looking statements and our business can be found in our
public disclosures filed under our profile on SEDAR (www.sedar.com) and on EDGAR (www.sec.gov).
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190328005795/en/
Roberta Varella – Head of Investor
Relationsir@nexaresources.com+55 11 3405-5601
Nexa Resources (NYSE:NEXA)
Historical Stock Chart
From Mar 2024 to Apr 2024
Nexa Resources (NYSE:NEXA)
Historical Stock Chart
From Apr 2023 to Apr 2024