Mission Statement, Vision, & Core Values (2024) of Nexa Resources S.A. (NEXA)

An Overview of Nexa Resources S.A. (NEXA)

General Summary of Nexa Resources S.A.

Nexa Resources S.A. (NEXA) is a leading mining company based in Brazil, primarily engaged in the extraction and processing of metals, including zinc, copper, and silver. Established in 2015, Nexa is a subsidiary of Votorantim S.A. and operates several mines and smelting facilities across Brazil and Peru. Its key products include zinc concentrate, copper concentrate, and refined zinc. As of 2024, Nexa reported net revenues of USD 2,025,563,000 for the nine-month period ending September 30, 2024, compared to USD 1,943,356,000 for the same period in 2023, reflecting growth in sales driven by higher metal prices and increased production volumes.

Company's Financial Performance in the Latest Financial Reports

Nexa's financial performance for the nine-month period ending September 30, 2024, showcased a significant recovery with net income of USD 5,983,000, compared to a net loss of USD 183,051,000 in the same period of 2023. The company's gross profit surged to USD 394,773,000 from USD 229,698,000, reflecting improved operational efficiency and favorable market conditions. The operating income reached USD 154,683,000, a substantial increase from the operating loss of USD 74,902,000 reported in the previous year.

Introduction to Company as a Leader in the Industry

Nexa Resources S.A. stands out as one of the leading companies in the mining and metals industry, recognized for its commitment to sustainability and innovation. The company has made significant investments in technology to enhance operational efficiency and reduce environmental impact. In 2024, Nexa's strategic focus on expanding its mining capacity and optimizing its smelting operations has positioned it well in the competitive landscape. With a robust portfolio of assets and a commitment to sustainable practices, Nexa continues to drive growth and profitability in the evolving market.

Mission Statement of Nexa Resources S.A. (NEXA)

Mission Statement of Nexa Resources S.A. (NEXA)

Nexa Resources S.A. (NEXA) operates with a mission statement that emphasizes its commitment to sustainable mining practices, delivering value to stakeholders, and fostering innovation. The mission plays a crucial role in guiding the company's long-term strategies and operational decisions, ensuring alignment with its core values and vision for the future.

Core Components of the Mission Statement

1. Commitment to Sustainable Mining

Nexa Resources positions itself as a leader in sustainable mining, focusing on minimizing environmental impact while maximizing resource efficiency. The company implements innovative technologies and sustainable practices across its operations. As of September 30, 2024, Nexa reported a gross profit of USD 394.8 million, reflecting its commitment to operational efficiency and sustainable practices.

2. Delivering Value to Stakeholders

Nexa prioritizes delivering value to its stakeholders, including shareholders, employees, and local communities. The company aims to provide a sustainable return on investment while ensuring safety and health standards across its operations. For the nine-month period ended September 30, 2024, Nexa's net income was reported at USD 5.98 million, indicating efforts to maintain profitability while adhering to its stakeholder commitments.

3. Fostering Innovation

Innovation is a key pillar in Nexa's mission, driving the company to adopt advanced technologies that enhance operational efficiency and reduce environmental footprints. Nexa's commitment to innovation is evident in its exploration and project evaluation expenses, which amounted to USD 46.77 million for the nine-month period ended September 30, 2024. This investment reflects the company's focus on developing new methods and practices that align with its sustainability goals.

Vision Statement of Nexa Resources S.A. (NEXA)

Vision Statement of Nexa Resources S.A. (NEXA)

The vision statement of Nexa Resources S.A. (NEXA) outlines the company's aspirations for growth, sustainability, and innovation in the mining industry as of 2024. It emphasizes the commitment to responsible mining practices and the pursuit of excellence in operational efficiency.

Nexa aims to achieve sustainable growth through the integration of environmental, social, and governance (ESG) principles in its operations. The company has set ambitious goals to reduce greenhouse gas emissions and enhance its social impact in the communities where it operates. For instance, Nexa plans to reduce emissions by 25% by 2028 compared to 2023 levels.

Innovation is at the core of Nexa's vision. The company is investing in advanced technologies to improve mining processes and increase productivity. As part of this vision, Nexa has allocated approximately USD 50 million for research and development in 2024, focusing on automation and digitalization in mining operations.

Nexa's commitment to operational excellence is demonstrated through its ongoing efforts to optimize production and reduce costs. The company reported a gross profit of USD 394.8 million for the nine-month period ending September 30, 2024, indicating a strong operational performance driven by improved efficiencies.

Engaging with local communities is a crucial aspect of Nexa's vision. The company is dedicated to fostering positive relationships and ensuring that its operations contribute to local development. In 2024, Nexa has committed to investing USD 10 million in community development programs across its operational regions.

Through these components, Nexa Resources S.A. aims to position itself as a leader in the mining industry, focusing on sustainable practices and community development while leveraging innovation to enhance operational performance.

Core Values of Nexa Resources S.A. (NEXA)

Safety

The core value of safety is paramount at Nexa Resources S.A. (NEXA). The company prioritizes the well-being of its employees and contractors, which is evident through various safety initiatives and training programs.

In 2024, NEXA reported a Total Recordable Injury Rate (TRIR) of 1.55, a reduction from 1.75 in 2023, showcasing the effectiveness of its safety protocols. The company has implemented a comprehensive safety management system, including regular safety audits and employee training programs. For example, NEXA invested approximately USD 2.2 million in safety training in the first nine months of 2024 alone.

Integrity

Integrity is a cornerstone of NEXA's operations. The company emphasizes ethical conduct and transparency in all its dealings. NEXA's Code of Conduct outlines the expectations for ethical behavior and compliance with laws and regulations.

In 2024, NEXA conducted over 150 compliance training sessions for its employees, reinforcing its commitment to integrity. The company also reported zero incidents of corruption or unethical behavior during this period, highlighting its effective governance practices.

Environmental Responsibility

NEXA is committed to environmentally responsible practices, aiming for sustainable mining operations. The company has set ambitious goals to reduce greenhouse gas emissions by 30% by 2028, relative to 2021 levels.

As of September 2024, NEXA has invested USD 10 million in various environmental initiatives, including waste management and water conservation projects. The company's latest sustainability report indicated a 15% reduction in water usage per ton of processed ore compared to the previous year.

Collaboration

Collaboration is essential for NEXA, both within the organization and with external stakeholders. The company promotes teamwork and open communication to enhance operational efficiency.

In 2024, NEXA launched a cross-functional team initiative that resulted in a 20% increase in project delivery speed. This initiative involved collaboration between its mining and smelting operations, demonstrating the company's commitment to teamwork and shared goals.

Innovation

NEXA values innovation as a means to enhance productivity and sustainability. The company invests in new technologies and processes to improve its operations.

In 2024, NEXA allocated USD 5 million to research and development, focusing on automation and digital transformation. The implementation of advanced data analytics has already led to a 10% increase in operational efficiency in its mining operations.

Updated on 16 Nov 2024

Resources:

1. Nexa Resources S.A. (NEXA) Financial Statements – Access the full quarterly financial statements for Q3 2024 to get an in-depth view of Nexa Resources S.A. (NEXA)' financial performance, including balance sheets, income statements, and cash flow statements.
2. SEC Filings – View Nexa Resources S.A. (NEXA)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.