Nexa Resources to Sell Pukaqaqa Project to Optimize Portfolio
NEXANexa Resources S.A.(NEXA) ZACKS·2024-09-10 01:00

Nexa Resources S.A. (NEXA) announced that it agreed to sell the Pukaqaqa Project for $29.3 million (to be received in several installments). This move aligns with NEXA’s ongoing portfolio optimization strategy to improve its free cash flow and returns.Over the past few years, NEXA has been reviewing its assets and optimizing its portfolio per its disciplined capital allocation plan. In 2022, it announced its decision not to move forward with Pukaqaqa following a close assessment of its portfolio.Details of ...