Nexa Resources’ 2Q26 earnings call drew CEO Ignacio Rosado, CFO José Carlos del Valle, IR head Rodrigo Cammarosano, mining operations SVP Leonardo Coelho.
Adjusted EBITDA rose 78% to USD 286 million on a 31% margin; net income USD 98 million; net leverage fell to 1.4x.
Peru mine output normalized; Aripuanã’s fourth tailings filter started, lifting June plant feed to 249 tonnes/hour; full-capacity ramp expected within 2-3 months.
Cajamarquilla fire hit the casting house, not upstream processing; cathode inventory built; management expects to recover lost smelter sales in 2H.
Cerro Pasco scope review extended Atacocha open-pit life; capex estimate raised to USD 180 million; phase II deferred to 2032; 2026 capex unchanged.
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