Nexa Resources announces intention to voluntarily exit Toronto Stock Exchange
LUXEMBOURG / ACCESSWIRE / November 9, 2021 / Nexa Resources SA (“Nexa Resources” or “Nexa” or the “Company”) (NYSE: NEXA) (TSX: NEXA) announces that it has requested the voluntary delisting of its common shares (the “Common Shares”) from the Toronto Stock Exchange (“TSX”) in Canada. Subject to the acceptance of this request by the TSX, it is expected that the Common Shares will be delisted from the TSX on or after the close of business on or around November 30, 2021.
The Company has decided to pursue the voluntary delisting of the common shares following an internal assessment of the relative advantages and disadvantages associated with maintaining listing on the TSX. In arriving at the decision to delist, the Company considered, among other things, the burdens associated with listing, minimum trading volumes on the TSX and the availability of an alternative market for the common shares at. the New York Stock Exchange (“NYSE”).
The common shares of the Company will continue to be listed and traded on the New York Stock Exchange under the symbol “NEXA”. In accordance with the TSX Company Handbook, the TSX does not require shareholder approval for the voluntary delisting of the Common Shares from the TSX as another acceptable market will exist for the Common Shares on the date of listing. radiation.
The delisting from the TSX is not expected to have an impact on the day-to-day operations of the Company.
The Company will remain a reporting issuer in each of the provinces and territories of Canada following delisting and will continue to file in Canada and distribute to Canadian resident holders of the Common Shares its continuous and periodic disclosure documents until such time as she ceases to have to do that. The Company intends to seek an order under Canadian securities laws directing it to cease to be a reporting issuer as soon as possible after delisting from the TSX.
Holders of Common Shares in Canadian brokerage accounts are encouraged to contact their brokers to verify how to trade their Common Shares on the NYSE in the future.
Nexa is a large-scale, low-cost integrated zinc producer with over 60 years of experience in the development and operation of mining and smelting assets in Latin America. Nexa currently owns and operates five long-lived underground mines – three located in the central Andes of Peru and two located in the state of Minas Gerais in Brazil – and is developing the Aripuanã project as the sixth underground mine in Mato Grosso, Brazil. Brazil. Nexa also currently owns and operates three foundries, two located in Brazil and one in Peru, Cajamarquilla, which is the largest foundry in the Americas. Nexa was among the world’s top five producers of mined zinc in 2020 and also among the world’s top five producers of metallic zinc in 2020, according to Wood Mackenzie.
Caution regarding forward-looking statements
This press release contains certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to in this press release as “forward-looking statements”). Forward-looking statements contained in this press release may include, but are not limited to, zinc and other metal prices and currency exchange rate assumptions, projected operating and capital costs, metal recoveries or minerals, original grades, mine life, production rates and yields; the Company’s potential plans; estimation of tonnage, grade and content of deposits and the extent of estimates of mineral resources and mineral reserves; when production begins; exploration potential and results; timing and receipt of necessary permits for future operations; the impacts of COVID-19 on our operations.
These statements are based on information currently available to the Company and the Company does not provide any assurance that actual results and future performance and achievements will meet or differ from the expectations of management or qualified persons. All statements other than statements of historical fact are forward-looking statements. The words “believe”, “will”, “may”, “may have”, “, continue continuing” “planned”, “forecast” and similar words are intended to identify estimates and forward-looking statements. Forward-looking statements are not guarantees and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed. or implied by forward-looking statements. staring statements. Actual results and developments may differ materially from expectations described in forward-looking statements for a number of reasons, many of which are not under our control, including the activities of our competitors, the future global economic situation, weather conditions, market prices and conditions, exchange rates, and operational and financial risks. The unexpected occurrence of one or more of the above-mentioned events may significantly change the results of our operations on which we have based our estimates and forward-looking statements. Our estimates and forward-looking statements may also be influenced, among other things, by legal, political, environmental or other risks that could materially affect the potential development of the project, including risks related to epidemics of contagious diseases or to health crises having a global economic impact regional or global activity.
These forward-looking statements relate to future events or future performance and include current estimates, predictions, forecasts, beliefs and statements regarding management’s expectations with respect to, but not limited to, the business and operations of the Company and mining production, our growth strategy, the impact of applicable laws and regulations, future prices of zinc and other metals, smelter sales, capital expenditures, exploration-related expenses and project appraisal, estimate of mineral reserves and / or mineral resources, mine life and our financial liquidity.
Forward-looking statements are necessarily based on a number of factors and assumptions which, although considered reasonable and appropriate by management and qualified persons having regard to their experience, are inherently subject to significant uncertainties and contingencies and may prove to be incorrect. Statements regarding future production costs or volumes are based on numerous assumptions made by management regarding operational matters and on assumptions that demand for products will develop as expected, and that customers and other counterparties will meet their obligations. contractual obligations, full integration of mining and smelting operations, plans will not be disrupted by problems such as mechanical breakdowns, unavailability of parts and supplies, labor disruptions, transportation disruption or utilities, adverse weather conditions and that there are no unexpected significant variations in metal prices, exchange rates or the cost of energy, supplies or transportation, among other assumptions.
Estimates and forward-looking statements refer only to the date on which they were made, and we assume no obligation to update or revise any estimate or forward-looking statement as a result of new information, future events or otherwise. , unless required by law. Estimates and forward-looking statements involve risks and uncertainties and are not guarantees of future performance, as actual results or developments may differ materially from the expectations described in forward-looking statements. Further information regarding the risks and uncertainties associated with these forward-looking statements and our business can be found in our public disclosures filed under our profile on SEDAR (www.sedar.com) and on EDGAR (www.sec.gov).
For more information, please contact:
Roberta Varella – Head of Investor Relations
+55 11 3405-5601
THE SOURCE: Nexa Resources SA
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