NEXA - Nexa Resources halts zinc production at Peru mine due to protests

Nexa Resources ( NYSE: NEXA ) said late Tuesday it has temporarily suspended production at its Atacocha San Gerardo open pit mine in Peru after local protesters blocked road access to the mine.

Nexa ( NEXA ) said there is no material impact on Atacocha's zinc production to date, but it has limited activities to critical operations with a minimum workforce to ensure proper maintenance.

The miner said it continues to comply with all existing agreements as it pursues an active dialogue with the community and authorities for a peaceful resolution.

Nexa ( NEXA ) said Atacocha produces less than 3% of the company's overall zinc production.

"Investors should consider changing their stance from buy to hold for U.S.-listed zinc stocks, including Nexa Resources ( NEXA ), Alberto Abaterusso writes in an analysis published on Seeking Alpha .

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