Nexa Resources Divests Pukaqaqa Project for $4.3 Million

Nexa Resources SA (NEXA) has released an update.

Nexa Resources S.A. has sold its Pukaqaqa Project to Olympic Precious Metals Ltd. for $4.3 million, with additional contingent payments of $25 million based on future milestones. The deal includes staggered payments and is part of Nexa’s strategy to optimize its portfolio and improve cash flow. The transaction is anticipated to close by December 2024, following the satisfaction of customary conditions.

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