Nexa Resources SA's zinc output in the second quarter slipped 1% year over year to 91,000 tonnes due to lower production at the Cerro Lindo mine in Peru.
Copper production declined 6% to 8,400 tonnes, while lead output climbed 3.2% to 13,100 tonnes, according to a July 31 earnings release. Silver production rose by 19.9% to 2.2 million ounces while gold production was down 23.4% to 5,500 ounces.
The company decreased the full-year production guidance for copper to 35,000 to 38,000 tonnes from the previous guidance of 37,000 to 40,000 tonnes, and lead output guidance to 50,000 to 55,000 tonnes from 52,000 to 57,000 tonnes.
Meanwhile, silver production guidance was increased to 8.4 million ounces to 9.0 Moz from 8.0 Moz to 8.6 Moz previously, and gold production guidance was increased to 22,000 to 24,000 ounces from 21,000 to 23,000 ounces.
Nexa retained its zinc production forecast at 375,000 to 395,000 tonnes.
Capital expenditure for the full year is estimated at US$420 million, with US$160 million spent in the first half, while the operating expenditure estimate for the year stands at US$128 million, with US$48 million expended in the first half.
Nexa's swung to an attributable net income of US$20.4 million in the second quarter, compared to a year-ago loss of US$40.5 million, when results were negatively affected by noncash foreign exchange losses on intercompany loans.
Net revenue in the quarter slipped 3.6% year over year to US$613.3 million.