Nexa Resources drops 2020 guidance with Peru lockdown extended to April 12

March 28, 2020 / www.metalbulletin.com / Article Link

Brazilian polymetallic producer Nexa Resources suspended its full-year 2020 guidance after the Peruvian government extended its state of emergency declaration until April 12, forcing domestic mines to remain idled, the company said on Thursday March 26.

Operations will remain halted at the Cerro Lindo, Atacocha and El Porvenir mines during that period, with activities at a minimum to guarantee maintenance and safety. The Cajamarquilla smelter was running at 50% throughput but could scale back if the quarantine period increases further, it added.

Peruvian president Mart?-n Vizcarra decided on Thursday to extend the emergency state period declared on March 16, with...

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