What drove NEXA's earnings beat in Q1 2024?

Nexa Resources' earnings beat in Q1 2024 can be attributed to several key factors:

1. **Revenue Growth**: Nexa Resources reported an 8% increase in full-year revenue for 2024, reaching $766 million. This growth was supported by higher zinc, silver, and gold prices, which contributed to the company's financial performance.
2. **Cost Management**: The company's focus on cost efficiency and disciplined capital allocation likely played a role in improving its financial health and net income. Effective cost management is crucial in enhancing profitability, especially in a volatile mining environment.
3. **Operational Performance**: Nexa Resources demonstrated robust operational performance, with significant production increases in zinc, copper, lead, and silver. Strong operational performance is a critical driver of earnings, reflecting the company's ability to extract value from its assets.
4. **Adjusted EBITDA Improvement**: The company's adjusted EBITDA reached $714 million for the full year 2024, marking a substantial improvement from the previous year. Adjusted EBITDA is a critical indicator of a company's ability to generate cash from its operations, and Nexa's improvement in this metric suggests enhanced profitability.

In conclusion, Nexa Resources' earnings beat in Q1 2024 can be attributed to a combination of revenue growth, cost management, operational performance, and improved adjusted EBITDA. These factors collectively contributed to the company's financial success during the period.