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Nexa resumes production at its Atacocha zinc mine in Peru

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(Kitco News) - Nexa Resources (NYSE: NEXA) announced Monday that the Atacocha San Gerardo open pit mine in Peru has resumed its production and is operating at full capacity.

The company said that protest activities by the Joraoniyoc community have ended and access to the road has been released.

Importantly, Nexa noted that its estimated zinc production loss of 0.3kt is expected to be recovered in the coming months, adding that the company's 2022 production guidance remains unchanged.

"Nexa remains committed to the social development of its host communities and will continue to pursue an active dialogue with the local community and its members," the company said in a statement.

Nexa currently owns and operates five 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 its sixth underground mine in Mato Grosso, Brazil.

Nexa also currently owns and operates three smelters, two located in Brazil and one in Peru, Cajamarquilla, which is the largest smelter in the Americas.

Nexa was among the top five producers of mined zinc globally in 2021 and also one of the top five metallic zinc producers worldwide in 2021, according to Wood Mackenzie.

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