We do not propose to do recycling company just now. So, together it will be two companies only. And we also believe that this price of the share in the market is the right time to do the divestment so that government gets maximum value of the shares that they hold. So, if they can complete the divestment process in three to six months, then it will be very easy for us to do the restructuring.
The company attributed this fall to lower zinc and lead prices with lower lead volumes, however, the company said higher zinc and silver volumes, silver prices, and favorable exchange rates partly offset this.
Nexa Resources S.A. (NYSE:NEXA) Q4 2023 Earnings Call Transcript February 22, 2024 Nexa Resources S.A. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good morning, and welcome to the Nexa Resources Fourth Quarter and Full Year 2023 Conference Call. All […]
Zinc COP for the quarter was 15% down as compared to last year, the company is now looking to adopt alternate fuel innovation and increase focus towards operational efficiencies to control the costs.
Arun Misra, CEO of Hindustan Zinc, says the company has seen a strong set of earnings with revenue growth of 8% and expanded margins. Demand in India is good, while global demand remains weak, especially in Europe and China. Hindustan Zinc expects zinc prices to remain between $2,500 and $2,600 per ton in the near term. The company has achieved cost reduction through various measures and maintains its production guidance for FY24.