Fire at Nexa Resources' Zinc Smelter in Peru Injures Workers
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 13 2026
0mins
Source: Newsfilter
- Incident Overview: A fire broke out at Nexa Resources' Cajamarquilla zinc smelter in Peru on Wednesday, which has been brought under control, yet it resulted in several workers being injured, impacting the company's operational safety.
- Injury Details: The injured included one Nexa employee and three workers from contractor Hitachi, with three individuals taken for evaluation and treatment in stable condition, while another received on-site care, highlighting the company's commitment to worker safety.
- Emergency Response Actions: Nexa promptly evacuated workers from affected areas and activated emergency and safety protocols with support from local firefighters, demonstrating effective crisis management in response to the incident.
- Investigation and Future Plans: The cause of the fire is under investigation, and as Cajamarquilla is the largest zinc smelter in Latin America, Nexa has earmarked approximately $22 million for renovations at the site in 2026, indicating ongoing investment in future operations.
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Analyst Views on NEXA
Wall Street analysts forecast NEXA stock price to fall
5 Analyst Rating
0 Buy
4 Hold
1 Sell
Hold
Current: 14.400
Low
5.00
Averages
6.80
High
10.00
Current: 14.400
Low
5.00
Averages
6.80
High
10.00
About NEXA
Nexa Resources SA, formerly VM Holding SA, is a Luxembourg-based company engaged in the mineral resources industry. The Company is a metals and mining entity mainly engaged in zinc content production, and whose product portfolio also includes copper, lead, silver, and gold. Its mining and smelting presence is located in Brazil, conducted by Votorantim Metais Zinco SA, and in Peru, conducted by Compania Minera Milpo SAA, and Votorantim Metais-Cajamarquilla SA. Its controlling shareholder is Votorantim SA, a Brazilian privately owned industrial conglomerate that holds ownership interests in metal, steel, cement, energy and pulp companies, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Incident Overview: A fire broke out at Nexa Resources' Cajamarquilla zinc smelter in Peru on Wednesday, which has been brought under control, yet it resulted in several workers being injured, impacting the company's operational safety.
- Injury Details: The injured included one Nexa employee and three workers from contractor Hitachi, with three individuals taken for evaluation and treatment in stable condition, while another received on-site care, highlighting the company's commitment to worker safety.
- Emergency Response Actions: Nexa promptly evacuated workers from affected areas and activated emergency and safety protocols with support from local firefighters, demonstrating effective crisis management in response to the incident.
- Investigation and Future Plans: The cause of the fire is under investigation, and as Cajamarquilla is the largest zinc smelter in Latin America, Nexa has earmarked approximately $22 million for renovations at the site in 2026, indicating ongoing investment in future operations.
See More
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- Strong Financial Performance: The fourth quarter net revenue hit $903 million, a 22% year-over-year increase, with adjusted EBITDA of $300 million, showcasing the company's profitability and operational efficiency in a favorable pricing environment.
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- Strategic Investment Partnership: NEXA Lending's strategic investment and phased acquisition agreement with Copper Ridge Ventures aims to enhance mortgage origination, marketing, and back-office infrastructure through partnerships with proven owner-operators, which is expected to significantly strengthen NEXA's market position in the mortgage industry.
- Comprehensive Support Plan: NEXA will provide extensive support in key areas such as marketing, IT, and compliance to Copper Ridge Ventures, a move that will not only enhance CRV's operational efficiency but also provide stronger support for its partners and clients, driving long-term growth.
- Leadership Trust Relationship: The long-standing trust between NEXA executives and Tim Owens lays the groundwork for this collaboration, with NEXA's CEO Mike Kortas stating that this partnership will accelerate CRV's growth and improve operational efficiencies, further solidifying NEXA's market leadership.
- Industry Forward-Thinking: By investing in proven operators and strengthening its joint venture strategy, NEXA continues to position itself as the most forward-thinking and originator-focused platform in the mortgage industry, which is expected to bring new growth opportunities to the sector.
See More
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- Incident Overview: A fire broke out at Nexa Resources' Cajamarquilla zinc smelter in Peru on Wednesday, which has been brought under control, yet it resulted in several workers being injured, impacting the company's operational safety.
- Injury Details: The injured included one Nexa employee and three workers from contractor Hitachi, with three individuals taken for evaluation and treatment in stable condition, while another received on-site care, highlighting the company's commitment to worker safety.
- Emergency Response Actions: Nexa promptly evacuated workers from affected areas and activated emergency and safety protocols with support from local firefighters, demonstrating effective crisis management in response to the incident.
- Investigation and Future Plans: The cause of the fire is under investigation, and as Cajamarquilla is the largest zinc smelter in Latin America, Nexa has earmarked approximately $22 million for renovations at the site in 2026, indicating ongoing investment in future operations.
See More
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Stock Performance: Nexa Resources shares have decreased by 0.3%.
Corporate Action: Estadao reports that Brazilian conglomerate Votorantim is close to selling its controlling stake in Nexa Resources.
See More
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Brazilian Conglomerate Vote: A Brazilian conglomerate is nearing a vote to sell its controlling stake in a zinc producer, Nexa Resources.
Financial Implications: The deal is reported to be valued at approximately $7 billion, highlighting significant financial movements in the mining sector.
See More
Nexa Resources Shares Surge 22.7% Amid Analyst Upgrades
- Significant Stock Surge: Nexa Resources shares jumped 22.7% to $14.65 in the last trading session, with trading volume significantly above average, indicating strong market optimism regarding its future performance.
- Analyst Price Target Increase: Citigroup raised Nexa's price target from $11.00 to $12.50 while maintaining a 'Neutral' rating, reflecting cautious optimism driven by strong fourth-quarter results and increased mineral reserves despite broader macroeconomic challenges.
- Strong Operational Performance: In Q4 2025, Nexa reported net revenues of $903 million, an 18% quarter-over-quarter increase, primarily driven by higher prices for zinc and key by-products, showcasing the company's ongoing focus on efficiency and cost control.
- Earnings Estimate Revision: While the upcoming quarterly earnings are expected to be $0.61 per share, representing a year-over-year increase of 281.3%, the consensus EPS estimate has been revised down by 14.3% over the past 30 days, which may negatively impact stock price, necessitating close monitoring of future performance.
See More
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- Zinc Production Growth: In Q4 2025, zinc production reached 91,000 tons, a 9% increase from the previous quarter, reflecting enhanced operational stability at sites like Aripuanã, thereby strengthening the company's competitive position in the zinc market.
- Strong Financial Performance: The fourth quarter net revenue hit $903 million, a 22% year-over-year increase, with adjusted EBITDA of $300 million, showcasing the company's profitability and operational efficiency in a favorable pricing environment.
- Cash Flow and Debt Management: Despite a negative free cash flow of $105 million for the year, the company successfully reduced net debt by $96 million, improving net leverage to 1.7x, which further enhances financial flexibility.
- Strategic Investments and Project Progress: The installation of the fourth tailings filter at Aripuanã is on schedule, with full production capacity expected in the second half of 2026, supporting long-term cash flow generation and enhancing overall profitability.
See More
