Nexa Resources Resumes Full Operations at Cajamarquilla Smelter Following Labor Agreement

Nexa Resources (NYSE:NEXA) is one of the cheap penny stocks to buy now. On June 30, Nexa Resources announced that the operations at its Cajamarquilla smelter have fully resumed at normal capacity utilization. This follows the successful conclusion of negotiations between the company and its operator employees, who were represented by their labor union, on the evening of June 27.

The temporary suspension of operations at the smelter lasted 3 days. Despite this interruption, Nexa confirmed that its 2025 sales guidance remains unchanged. The company emphasized its commitment to the health and safety of its employees, contractors, and host communities and stated its continued dedication to open and constructive dialogue in compliance with applicable regulations.

Nexa Resources Resumes Full Operations at Cajamarquilla Smelter Following Labor Agreement

A close-up of a large, metallic machine processing ore and minerals in a mine.

The company currently operates 5 mines: 4 long-life underground polymetallic mines, 2 in Peru & 2 in Brazil, and 1 low-cost polymetallic open-pit mine also in Peru. Nexa also operates 3 smelters: 2 in Brazil, and 1 in Peru, which is recognized as the largest smelter in the Americas.

Nexa Resources (NYSE:NEXA) engages in the zinc mining and smelting business worldwide.

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Disclosure: None. This article is originally published at Insider Monkey.