<SEC-DOCUMENT>0001292814-24-000280.txt : 20240201
<SEC-HEADER>0001292814-24-000280.hdr.sgml : 20240201
<ACCEPTANCE-DATETIME>20240201160845
ACCESSION NUMBER:		0001292814-24-000280
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		6
CONFORMED PERIOD OF REPORT:	20231231
FILED AS OF DATE:		20240201
DATE AS OF CHANGE:		20240201

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Nexa Resources S.A.
		CENTRAL INDEX KEY:			0001713930
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		ORGANIZATION NAME:           	01 Energy & Transportation
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38256
		FILM NUMBER:		24586965

	BUSINESS ADDRESS:	
		STREET 1:		37A AVENUE J.F. KENNEDY
		CITY:			LUXEMBOURG
		STATE:			N4
		ZIP:			L-1855
		BUSINESS PHONE:		352 26 00 53 43

	MAIL ADDRESS:	
		STREET 1:		37A AVENUE J.F. KENNEDY
		CITY:			LUXEMBOURG
		STATE:			N4
		ZIP:			L-1855

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VM Holding S.A.
		DATE OF NAME CHANGE:	20170804
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>nexa20240201_6k.htm
<DESCRIPTION>6-K
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>


<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>U.S. SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: 20pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 6-K</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE</B></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-transform: uppercase; text-align: center">SECURITIES EXCHANGE
ACT OF 1934</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 24pt; text-align: center">For the Month of February 2024</P>

<P STYLE="font: 20pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Nexa Resources S.A.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">(Exact Name as Specified in its Charter)</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.25in"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;N/A&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">(Translation of Registrant&#8217;s Name)</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 24pt; text-align: center"><B>37A, Avenue J.F. Kennedy<BR>
L-1855, Luxembourg<BR>
Grand Duchy of Luxembourg<BR>
</B>(Address of principal executive offices)</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Indicate by check mark
whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; width: 50%; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 0.5in; text-align: justify">Form 20-F&nbsp;&nbsp;<U>&nbsp;&nbsp;X&nbsp;&nbsp;</U></TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; font: 12pt Times New Roman, Times, Serif; text-align: justify">Form 40-F <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Indicate by check mark
if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Indicate by check mark
if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Indicate by check mark
whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission
pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 0.5in; text-align: justify; width: 50%">Yes <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; font: 12pt Times New Roman, Times, Serif; text-align: justify">No <U>&nbsp;&nbsp;X&nbsp;&nbsp;</U></TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">If &#8220;Yes&#8221; is marked,
indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): Not applicable.</P>


<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">SIGNATURES</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Date:&nbsp;&nbsp;February 1, 2024</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="RIGHT" STYLE="width: 40%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding-right: 5.4pt; padding-bottom: 48pt; padding-left: 5.4pt; font: 12pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="text-transform: uppercase">Nexa Resources S.A.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><B>By:</B>/s/ Jos&eacute; Carlos del Valle</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><B>Name:</B>&nbsp;&nbsp;Jos&eacute; Carlos del Valle</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0.5in; text-align: justify"><B>Title:</B>&nbsp;&nbsp;Senior Vice President
    of Finance and Group Chief Financial Officer</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0.5in; text-align: justify">&nbsp;</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P></TD></TR>
  </TABLE><BR STYLE="clear: both">

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 24pt; text-align: center">EXHIBIT INDEX</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt; font: 12pt Times New Roman, Times, Serif; text-align: justify"><U>Exhibit</U></TD>
    <TD STYLE="width: 88%; padding-right: 5.4pt; padding-left: 5.4pt; font: 12pt Times New Roman, Times, Serif; text-align: justify"><U>Description of Exhibit</U></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">99.1&nbsp;</P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><A HREF="ex99-1.htm">Nexa Provides 2023 Operational Results and Guidance Update</A></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: justify; text-indent: -2in">&nbsp;</P>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex99-1.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>


<P STYLE="font: 14pt/150% Verdana, Helvetica, Sans-Serif; margin: 6pt 0; text-align: center; color: #D83C00"><IMG SRC="nexa202402016k_001.jpg" ALT=""><B><I>&nbsp;</I></B></P>

<P STYLE="font: 14pt/150% Verdana, Helvetica, Sans-Serif; margin: 6pt 0; text-align: center; color: #D83C00"><B><I>Nexa Provides 2023
Operational Results and Guidance Update </I></B></P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><B>Luxembourg, February 01, 2024</B> &ndash;
Nexa Resources S.A. (&ldquo;Nexa Resources&rdquo; or &ldquo;Nexa&rdquo; or the &ldquo;Company&rdquo;) (NYSE: NEXA) is pleased to announce
operational results for the three and twelve-month periods ended December 31, 2023, and provide its production and metal sales guidance
for the three-year period 2024-2026. The Company is also providing cash costs, capital expenditures and other operating expenses guidance
for 2024. The figures contained in this report are considered preliminary and are unaudited. The financial results for the fourth quarter
and full year 2023 are expected to be published on Wednesday, February 21, 2024 (after trading hours).</P>

<P STYLE="color: #FF5000; font: bold 11pt/115% Verdana, Helvetica, Sans-Serif; margin: 10pt 0 6pt; text-align: justify">2023 Summary Highlights</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; font-weight: normal">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-weight: normal">2023 mining production guidance was achieved, with all metals in the
upper range of the guidance.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; font-weight: normal">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-weight: normal">Zinc production totaled 333kt in 2023. Cerro Lindo and Morro Agudo mines
achieved the upper range of the guidance, while El Porvenir and Vazante mines exceeded the annual guidance, and Atacocha mine was slightly
below the lower range. Aripuan&atilde; reached the middle range of the guidance (following the guidance revision disclosed in October
2023).</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; font-weight: normal">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-weight: normal">Copper, lead, and silver production of 33kt, 65kt and 10MMoz, respectively,
achieved the upper range of the annual guidance.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; font-weight: normal">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-weight: normal">Metal sales totaled 590kt in 2023 and was in the middle range of the
annual guidance, as a result of lower production volumes of our smelters compared to 2022, in addition to a decrease in global demand,
and lower domestic demand for zinc oxide.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; font-weight: normal">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-weight: normal">2023 Consolidated run-of-mine mining costs guidance was achieved, and
consolidated C1 cash cost guidance was slightly higher.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; font-weight: normal">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-weight: normal">2023 Consolidated smelting Conversion cost and C1 cash cost guidance
was achieved.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; font-weight: normal">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-weight: normal">2023 CAPEX was in line with our guidance, while Other Operating Expenses
were below due to our optimization initiatives throughout the year. (the figures will be provided along with the 4Q23 and Full Year 2023
Financial Results on February 21, 2024).</FONT></TD></TR></TABLE>

<P STYLE="color: #767171; font: bold 10pt Verdana, Helvetica, Sans-Serif; margin: 12pt 0 6pt; text-align: justify">Production and Sales</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR>
    <TD COLSPAN="2" STYLE="font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 9pt; color: white"><B>Mining production</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>2023</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" ROWSPAN="2" STYLE="border-bottom: black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #505050; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>Guidance 2023</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 8pt; color: white">(Metal in concentrate)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; width: 39%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 14%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 14%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 13%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 3%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 13%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 9pt; color: black"><B>Zinc</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>kt</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>333</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>299</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>334</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt; color: black">Cerro Lindo</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">78</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">69</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">79</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt; color: black">El Porvenir</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">56</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">51</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">55</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt; color: black">Atacocha</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">8</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">9</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">11</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt; color: black">Vazante</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">146</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">131</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">144</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt; color: black">Morro Agudo</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">23</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">17</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">23</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt; color: black">Aripuan&atilde;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">22</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">20</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">23</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 9pt; color: black"><B>Copper</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>kt</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>33</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>29</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>33</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt; color: black">Cerro Lindo</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">29</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">25</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">28</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt; color: black">El Porvenir</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">0.4</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">0.2</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">0.3</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt; color: black">Aripuan&atilde;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">4.4</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">4.2</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">5.0</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 9pt; color: black"><B>Lead</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>kt</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>65</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>53</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>65</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt; color: black">Cerro Lindo</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">13</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">11</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">13</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt; color: black">El Porvenir</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">25</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">20</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">26</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 9.5pt/110% Verdana, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 12pt; text-align: center">&nbsp;</P>

<P STYLE="font: 9.5pt/110% Verdana, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 12pt; text-align: center"><IMG SRC="nexa202402016k_002.jpg" ALT="">&nbsp;</P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><IMG SRC="nexa202402016k_003.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 9.5pt/110% Verdana, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR>
    <TD COLSPAN="2" STYLE="font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 9pt; color: white"><B>Mining production</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>2023</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" ROWSPAN="2" STYLE="border-bottom: black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #505050; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>Guidance 2023</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 8pt; color: white">(Metal in concentrate)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; width: 39%; padding-right: 5.4pt; padding-left: 5.4pt; font: 9.5pt Verdana, Helvetica, Sans-Serif; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Atacocha</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 14%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 14%; padding-right: 5.4pt; padding-left: 5.4pt; font: 9.5pt Verdana, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-size: 9pt">11</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 13%; padding-right: 5.4pt; padding-left: 5.4pt; font: 9.5pt Verdana, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-size: 9pt">10</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 3%; padding-right: 5.4pt; padding-left: 5.4pt; font: 9.5pt Verdana, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 13%; padding-right: 5.4pt; padding-left: 5.4pt; font: 9.5pt Verdana, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-size: 9pt">12</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Vazante</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">1.4</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">1.1</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">1.2</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Morro Agudo</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">8.3</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">4.9</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">6.1</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Aripuan&atilde;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">6.3</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">5.7</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">6.9</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 9pt; color: #262626"><B>Silver</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>MMoz</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>10</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>9.1</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>10</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Cerro Lindo</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">3.5</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">3.5</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">3.8</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">El Porvenir</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">4.3</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">3.7</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">4.5</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Atacocha</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">1.4</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">1.0</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">1.2</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Vazante</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">0.6</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">0.3</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">0.4</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Aripuan&atilde;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">0.5</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">0.4</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">0.5</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 6pt 0; text-align: justify">Metal sales of 590kt in 2023 achieved the
middle range of the annual guidance driven by lower production volumes of our smelters compared to 2022, in addition to overall lower
demand. Zinc metal sales of 556kt were also in the middle range of the guidance, while zinc oxide sales of 34kt were slightly below the
lower range, mainly explained by a slowdown in domestic demand.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="border-bottom: black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 9pt; color: white"><B>Smelting sales</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>2023</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" ROWSPAN="2" STYLE="border-bottom: black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #505050; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>Guidance 2023</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; width: 38%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 14%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 15%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 13%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 3%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 13%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 9pt"><B>Metal Sales</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>kt</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>590</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>580</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>605</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Zinc metal</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">556</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">545</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">565</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Zinc oxide</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">34</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">35</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">40</FONT></TD></TR>
  </TABLE>
<P STYLE="color: #767171; font: bold 10pt Verdana, Helvetica, Sans-Serif; margin: 12pt 0 6pt; text-align: justify">2023 Cash Costs</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR>
    <TD ROWSPAN="3" STYLE="border-bottom: black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>Mining Operating costs</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>Cost ROM <BR>
</B></FONT><FONT STYLE="font-size: 7.5pt; color: white">(US$/t)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>Cash Cost<BR>
</B></FONT><FONT STYLE="font-size: 7.5pt; color: white">(US$/lb)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" ROWSPAN="2" STYLE="font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #505050; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>Cost ROM <BR>
</B></FONT><FONT STYLE="font-size: 7.5pt; color: white">(US$/t)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" ROWSPAN="2" STYLE="font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #505050; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>Cash Cost<BR>
</B></FONT><FONT STYLE="font-size: 7.5pt; color: white">(US$/lb)</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>2023</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>2023</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #505050; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>Guidance 2023</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #505050; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>Guidance 2023</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; width: 28%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 17%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 15%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 7%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 7%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 7%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 7%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 9pt; color: black"><B>Mining <SUP>(1)</SUP></B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626"><B>45.2</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626"><B>0.40</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626"><B>43.9</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626"><B>46.4</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626"><B>0.35</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626"><B>0.38</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt; color: black">Cerro Lindo</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">40.6</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">(0.06)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">40.1</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">42.1</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">(0.12)</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">(0.10)</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt; color: black">El Porvenir</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">62.8</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">0.29</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">57.3</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">60.7</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">0.26</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">0.28</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt; color: black">Atacocha</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">32.9</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">(0.44)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">33.1</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">35.4</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">(0.45)</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">(0.38)</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt; color: black">Vazante</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">57.1</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">0.61</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">57.2</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">59.0</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">0.59</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">0.65</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt; color: black">Morro Agudo</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">37.9</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">0.82</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">35.0</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">38.2</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">0.80</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">0.94</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt/115% Verdana, Helvetica, Sans-Serif; margin: 6pt 0 12pt; text-align: justify"><I><SUP>(1) </SUP>2023 C1 Weighted Cash
cost net of by-products credits is measured with respect to zinc sold per mine.</I></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR>
    <TD ROWSPAN="3" STYLE="font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>Smelting Operating costs</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>Conversion cost<BR>
</B></FONT><FONT STYLE="font-size: 7.5pt; color: white">(US$/lb)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>Cash Cost<BR>
</B></FONT><FONT STYLE="font-size: 7.5pt; color: white">(US$/lb)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" ROWSPAN="2" STYLE="font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #505050; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>Conversion cost <BR>
</B></FONT><FONT STYLE="font-size: 7.5pt; color: white">(US$/lb)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" ROWSPAN="2" STYLE="font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #505050; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>Cash Cost<BR>
</B></FONT><FONT STYLE="font-size: 7.5pt; color: white">(US$/lb)</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>2023</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>2023</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #505050; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>Guidance 2023</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #505050; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>Guidance 2023</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; width: 28%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 17%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 15%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 7%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 7%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 7%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 7%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 9pt"><B>Smelting <SUP>(2)</SUP></B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626"><B>0.30</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626"><B>1.10</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626"><B>0.29</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626"><B>0.32</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626"><B>1.07</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626"><B>1.12</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Cajamarquilla</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">0.28</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">1.03</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">0.27</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">0.29</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">1.04</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">1.08</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Tr&ecirc;s Marias</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">0.26</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">1.16</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">0.27</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">0.30</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">1.08</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">1.13</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Juiz de Fora</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">0.50</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">1.21</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">0.45</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">0.49</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">1.19</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">1.28</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt/115% Verdana, Helvetica, Sans-Serif; margin: 6pt 0 12pt; text-align: justify"><I><SUP>(2) </SUP>2023 C1 Weighted Cash
cost net of by-products credits is measured with respect to zinc sold per smelter.</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; font-weight: normal">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-weight: normal">In 2023, run-of-mine mining costs of US$45.2/t was in line with our
2023 guidance, and C1 cash cost of US$0.40/lb, was slightly higher than our 2023 guidance.</FONT></TD></TR></TABLE>


<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 90%">&nbsp;</TD><TD STYLE="width: 10%">&nbsp;</TD></TR><TR STYLE="border-bottom: Red 2pt solid"><TD STYLE="text-align: center">&nbsp;<IMG SRC="nexa202402016k_004.jpg" ALT=""></TD><TD STYLE="font: 10pt Verdana; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><IMG SRC="nexa202402016k_003.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; font-weight: normal">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-weight: normal">Smelting C1 cash cost of US$1.10/lb and Conversion cost of US$0.30/lb
in 2023 were in line with our 2023 guidance.</FONT></TD></TR></TABLE>

<P STYLE="color: #FF5000; font: bold 11pt/115% Verdana, Helvetica, Sans-Serif; margin: 10pt 0 6pt; text-align: justify">2023 Operational
Results</P>

<P STYLE="font: 10pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><B>Mining segment</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR>
    <TD COLSPAN="2" STYLE="font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 9pt; color: white"><B>Mining production</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>4Q23</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>4Q22</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>2023</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>2022</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 8pt; color: white">(Metal in concentrate)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; width: 30%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 14%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 12%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 12%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 12%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 12%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 9pt"><B>Zinc</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>kt</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>90</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>75</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>333</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>296</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Cerro Lindo</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">25</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">21</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">78</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">84</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">El Porvenir</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">14</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">13</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">56</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">52</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Atacocha</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">2.6</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">2.6</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">8.2</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">10</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Vazante</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">35</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">34</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">146</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">132</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Morro Agudo</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">6.8</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">4.6</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">23</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">19</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Aripuan&atilde;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">7.4</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">0.7</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">22</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">0.7</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 9pt"><B>Copper</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>kt</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>9.4</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>9.3</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>33</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>33</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Cerro Lindo</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">7.9</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">9.1</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">29</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">33</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">El Porvenir</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">0.1</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">0.0</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">0.4</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">0.3</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Aripuan&atilde;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">1.4</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">0.2</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">4.4</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">0.2</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 9pt"><B>Lead</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>kt</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>18</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>16</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>65</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>57</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Cerro Lindo</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">3.8</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">3.2</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">13</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">16</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">El Porvenir</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">6.5</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">6.3</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">25</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">23</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Atacocha</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">2.9</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">4.1</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">11</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">11</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Vazante</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">0.3</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">0.4</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">1.4</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">1.2</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Morro Agudo</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">1.9</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">1.8</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">8.3</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">6.2</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Aripuan&atilde;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">2.3</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">0.0</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">6.3</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">0.0</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 9pt; color: #262626"><B>Silver</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>MMoz</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>2.7</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>2.6</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>10.3</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>10.0</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Cerro Lindo</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">1.0</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">0.8</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">3.5</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">4.1</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">El Porvenir</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">1.0</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">1.2</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">4.3</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">4.2</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Atacocha</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">0.4</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">0.4</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">1.4</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">1.2</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Vazante</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">0.1</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">0.1</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">0.6</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">0.5</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Aripuan&atilde;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">0.2</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">0.0</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">0.5</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">0.0</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 4pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; line-height: 115%">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="line-height: 115%"><B>Cerro Lindo:</B></FONT> Zinc production of 78kt in 2023 was down 7%
year-over-year, as a result of the temporary reduction in daily production in 1Q23 due to unusual heavy rainfall levels and overflowing
rivers caused by cyclone Yaku, which partially flooded the mine, as previously disclosed. Copper, lead, and silver production decreased
to 29kt (-13%), 13kt (-17%) and 3.5MMoz (-14%), respectively, for the abovementioned reasons.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&#167;</FONT></TD><TD STYLE="text-align: justify"><B>El Porvenir: </B>In 2023, zinc production of 56kt was up 8% compared to 2022, positively driven by
higher treated ore volume. Lead and silver production increased by 8% and 2% to 25kt and 4.3MMoz, respectively.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; line-height: 115%">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="line-height: 115%"><B>Atacocha:</B> Z</FONT>inc production in 2023 was 8kt, down 14% compared
to 2022, mainly driven by the temporary suspension of production due to illegal protest activities occurring in different periods throughout
1H23, as previously disclosed. Despite these temporary suspensions, lead production remained relatively flat, and silver increased by
21%.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&#167;</FONT></TD><TD STYLE="text-align: justify"><B>Vazante:</B> Zinc production in 2023 was 146kt, up 11% compared to 2022, driven by better plant performance
year-over-year, in addition to higher treated ore volumes. Lead and silver production increased by 25% and 22%, respectively.</TD></TR></TABLE>


<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 90%">&nbsp;</TD><TD STYLE="width: 10%">&nbsp;</TD></TR><TR STYLE="border-bottom: Red 2pt solid"><TD STYLE="text-align: center">&nbsp;<IMG SRC="nexa202402016k_004.jpg" ALT=""></TD><TD STYLE="font: 10pt Verdana; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><IMG SRC="nexa202402016k_003.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; line-height: 115%">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="line-height: 115%"><B>Morro Agudo:</B> In 2023, zinc production of 23kt increased by 24%
compared to 2022, mainly driven by higher treated ore volumes</FONT>.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; line-height: 115%">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="line-height: 115%"><B>Aripuan&atilde;:</B> Zinc production in 2023 was 22kt and </FONT>reached
the middle range of the guidance (following the guidance revision disclosed in October 2023). This performance was mainly driven by challenges
at the plant and process adjustments that occurred during the continued ramp-up of this operation throughout the year, as previously disclosed.</TD></TR></TABLE>

<P STYLE="font: 10pt/110% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: left"><B>Smelting segment</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="border-bottom: black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 9pt; color: white"><B>Smelting sales</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>4Q23</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>4Q22</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>2023</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>2022</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; width: 30%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 14%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 12%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 12%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 12%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 12%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 9pt"><B>Zinc metal</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>kt</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>135</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>159</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>556</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>576</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Cajamarquilla</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">79</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">93</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">326</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">340</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Tr&ecirc;s Marias</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">33</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">44</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">147</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">152</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Juiz de Fora</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">23</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">22</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">82</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">84</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 9pt"><B>Zinc oxide</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>kt</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>8</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>9</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>34</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>40</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Tr&ecirc;s Marias</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">8</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">9</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">34</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">40</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 9pt"><B>Metal Sales</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>kt</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>143</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>167</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>590</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>616</B></FONT></TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&#167;</FONT></TD><TD STYLE="text-align: justify"><B>Peru:</B> Cajamarquilla metal sales were 326kt in 2023, down 4% year-over-year, following lower production
volumes, as well as a slowdown in demand.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&#167;</FONT></TD><TD STYLE="text-align: justify"><B>Brazil:</B> In 2023, total sales (zinc metal + zinc oxide) were 263kt, down 4% compared to 2022, mainly
driven by lower production volumes in Tr&ecirc;s Marias, in addition to lower demand in our domestic market.</TD></TR></TABLE>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 6pt 0 6pt 0.25in; text-align: justify">In Tr&ecirc;s Marias, metal sales
amounted to 147kt, down 3% year-over-year.</P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 6pt 0 6pt 0.25in; text-align: justify">In Juiz de Fora, metal sales
also decreased by 1% to 82kt.<BR STYLE="clear: both">
</P>


<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 90%">&nbsp;</TD><TD STYLE="width: 10%">&nbsp;</TD></TR><TR STYLE="border-bottom: Red 2pt solid"><TD STYLE="text-align: center">&nbsp;<IMG SRC="nexa202402016k_004.jpg" ALT=""></TD><TD STYLE="font: 10pt Verdana; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><IMG SRC="nexa202402016k_003.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #3C3C3C; font: bold 16pt Verdana, Helvetica, Sans-Serif; margin: 20pt 0 10pt; text-align: justify">Guidance 2024-2026</P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Guidance is based on several assumptions
and estimates and is subject to the continuous evaluation of several factors, including but not limited to metal prices; operational performance;
maintenance and input costs; and exchange rates.</P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Nexa will continue to monitor risks associated
with global supply chain disruptions, which could be exacerbated, among other factors, by the ongoing Russia-Ukraine war, and the Israel-Hamas
conflict, unusual weather conditions, the global recession, and its potential impact on the demand for our products, inflationary cost
pressure, metal prices, and community protests, and changes to the political situation or regulatory frameworks in the countries in which
we operate that could affect our production levels and our costs. Refer to &ldquo;Risks and Uncertainties&rdquo; and &ldquo;Cautionary
Statement on Forward-Looking Statements&rdquo; for further information.</P>

<P STYLE="color: #FF5000; font: bold 11pt/115% Verdana, Helvetica, Sans-Serif; margin: 10pt 0 6pt; text-align: justify">Summary Highlights</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&#167;</FONT></TD><TD STYLE="text-align: justify">In 2024, zinc production at the mid-range of the guidance is estimated to increase 6% over 2023, driven
primarily by higher production volumes expected at Aripuan&atilde;, assuming the ramp-up activities will continue to progress as planned
and conclude in mid-2024. For 2025 and 2026, zinc production is estimated to be similar compared to 2024.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&#167;</FONT></TD><TD STYLE="text-align: justify">At the midpoint of 2024 guidance range, copper production is estimated to be slightly lower compared to
2023. For 2025, copper production is estimated to decrease by 4% over 2024 due to expected lower grades in Aripuan&atilde;, following
the mining plan. For 2026, copper production is estimated to decrease by 15% compared to 2025, mainly driven by the Cerro Lindo mining
plan.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&#167;</FONT></TD><TD STYLE="text-align: justify">For 2024-2026, lead production at mid-ranges is estimated to increase an average of 6%, while silver production
is expected to increase an average of 4% compared to 2023.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&#167;</FONT></TD><TD STYLE="text-align: justify">At the midpoint of 2024 guidance range, metal sales are estimated to be similar to 2023. Smelters should
continue to run at normal utilization rates, and we do not anticipate any third-party material resales in the period. For 2025-2026, metal
sales are estimated to remain unchanged at 580-605kt.</TD></TR></TABLE>

<P STYLE="color: #767171; font: bold 10pt Verdana, Helvetica, Sans-Serif; margin: 12pt 0 6pt; text-align: justify">Mining Segment</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR>
    <TD COLSPAN="2" STYLE="font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 9pt; color: white"><B>Mining production</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>2023</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" ROWSPAN="2" STYLE="border-bottom: black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: gray; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>2024e</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" ROWSPAN="2" STYLE="font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: gray; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>2025e</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" ROWSPAN="2" STYLE="font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: gray; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>2026e</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 8pt; color: white">(Metal in concentrate)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; width: 26%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 10%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 8%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 7%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 7%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 7%; border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 7%; border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 7%; border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 7%; border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 9pt; color: black"><B>Zinc</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>kt</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>333</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>323</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>381</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>326</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>381</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>330</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>378</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt; color: black">Cerro Lindo</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">78</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">73</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">86</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">78</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">86</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">82</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">94</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt; color: black">El Porvenir</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">56</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">51</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">57</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">59</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">72</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">43</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">50</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt; color: black">Atacocha</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">8</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">8</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">9</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">9</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">11</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">17</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">20</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt; color: black">Vazante</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">146</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">130</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">148</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">122</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">139</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">121</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">140</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt; color: black">Morro Agudo</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">23</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">18</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">23</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">-</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt; color: black">Aripuan&atilde;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">22</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">42</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">57</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">58</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">72</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">67</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">75</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 9pt; color: black"><B>Copper</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>kt</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>33</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>30</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>35</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>28</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>35</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>24</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>29</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt; color: black">Cerro Lindo</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">29</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">24</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">28</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">24</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">28</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">19</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">23</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt; color: black">El Porvenir</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">0.4</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">0.2</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">0.3</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">0.4</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">0.5</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">0.3</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">0.4</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt; color: black">Aripuan&atilde;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">4.4</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">5.7</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">7.3</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">4.1</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">5.9</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">4.4</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">6.4</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 9pt; color: black"><B>Lead</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>kt</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>65</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>66</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>82</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>67</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>78</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>71</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>83</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt; color: black">Cerro Lindo</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">13</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">11</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">13</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">12</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">13</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">9.5</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">11</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt; color: black">El Porvenir</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">25</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">23</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">28</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">23</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">24</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">24</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">28</FONT></TD></TR>
  </TABLE>

<!-- Field: Page; Sequence: 5 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 90%">&nbsp;</TD><TD STYLE="width: 10%">&nbsp;</TD></TR><TR STYLE="border-bottom: Red 2pt solid"><TD STYLE="text-align: center">&nbsp;<IMG SRC="nexa202402016k_004.jpg" ALT=""></TD><TD STYLE="font: 10pt Verdana; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><IMG SRC="nexa202402016k_003.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 9.5pt/110% Verdana, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9.5pt Verdana, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD COLSPAN="2" STYLE="background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 9pt; color: white"><B>Mining production</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>2023</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" ROWSPAN="2" STYLE="border-bottom: black 1pt solid; background-color: gray; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>2024e</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" ROWSPAN="2" STYLE="background-color: gray; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>2025e</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" ROWSPAN="2" STYLE="background-color: gray; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>2026e</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 8pt; color: white">(Metal in concentrate)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left; width: 26%"><FONT STYLE="font-size: 9pt">Atacocha</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; width: 10%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; width: 2%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 8%"><FONT STYLE="font-size: 9pt">11</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; width: 2%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 7%"><FONT STYLE="font-size: 9pt">11</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 2%"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 7%"><FONT STYLE="font-size: 9pt">12</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; width: 2%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 7%"><FONT STYLE="font-size: 9pt">12</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 2%"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 7%"><FONT STYLE="font-size: 9pt">15</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; width: 2%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 7%"><FONT STYLE="font-size: 9pt">15</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 2%"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 7%"><FONT STYLE="font-size: 9pt">17</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Vazante</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">1.4</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">1.0</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">1.4</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">1.0</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">1.2</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">1.0</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">1.1</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Morro Agudo</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">8.3</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">4.3</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">6.6</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Aripuan&atilde;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">6.3</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">16</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">20</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">19</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">24</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">22</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">25</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 9pt; color: #262626"><B>Silver</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>MMoz</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>10</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>11</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>13</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>11</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>13</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>11</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>13</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Cerro Lindo</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">3.5</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">4.0</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">4.2</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">3.7</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">4.0</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">2.6</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">3.0</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">El Porvenir</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">4.3</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">4.6</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">5.4</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">4.3</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">4.7</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">4.8</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">5.7</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Atacocha</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">1.4</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">1.1</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">1.2</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">1.2</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">1.5</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">1.2</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">1.4</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Vazante</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">0.6</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">0.3</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">0.5</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">0.3</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">0.4</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">0.4</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">0.4</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Aripuan&atilde;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">0.5</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">1.0</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">1.5</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">1.5</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">1.9</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">1.7</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">2.2</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 6pt 0; text-align: justify">For the forecasted periods, consolidated
average zinc head grade is expected to be in the range of 2.86% and 3.18%, consolidated average copper head grade is expected to be in
the range of 0.26% and 0.32%, and consolidated average lead head grade is expected to be in the range of 0.67% and 0.77%.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt/115% Verdana, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; font-weight: normal">&#167;</FONT></TD><TD STYLE="text-align: justify">Cerro Lindo: <FONT STYLE="font-weight: normal">Annual zinc production is estimated to be between 73-86kt
over the next two years. Zinc production at the midpoint of the 2024 guidance range is estimated to increase by 2% over 2023, mainly driven
by higher treated ore and slightly higher average grade. For 2026, zinc production at mid-range is expected to increase over 2024-2025
to be between 82-94kt explained by higher throughput and the production planned in higher-grade ore bodies following our mine plan.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 3pt 0.25in; text-align: justify"><FONT STYLE="font-weight: normal">Copper
production (assuming mid-range production) in 2024 and 2025 is expected to decrease by 3kt over 2023 due to lower copper average grade.
For 2026, copper production is estimated to decrease by 18% over 2024 and 2025 to be between 19-23kt following Cerro Lindo&rsquo;s mining
plan. Lead follows this same trend and for 2024-2025 production is expected to total between 11-13kt, while in 2026, production is expected
to total between 9.5kt-11kt.</FONT></P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 3pt 0.25in; text-align: justify"><FONT STYLE="font-weight: normal">For
2024, silver production is expected to total between 4.0-4.2MMoz, while in 2025 is expected to total between 3.7-4.0MMoz, and in 2026
is expected to total between 2.6-3.0MMoz.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt/115% Verdana, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; font-weight: normal">&#167;</FONT></TD><TD STYLE="text-align: justify">El Porvenir: <FONT STYLE="font-weight: normal">In 2024, zinc production at the midpoint of the guidance
range is estimated to decrease by 3% over 2023, to 51-57kt. For 2025, zinc production is estimated to increase to 59-72kt due to access
to areas with higher grades. For 2026, zinc production is estimated to decrease to 43-50kt as the execution of the shaft improvement project
is expected.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 3pt 0.25in; text-align: justify"><FONT STYLE="font-weight: normal">For
2024, lead production (assuming mid-range production) is estimated to be similar to 2023, before decreasing in 2025 to 23-24kt, following
lower throughput. For 2026, lead production is estimated to be between 24-28kt.</FONT></P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 3pt 0.25in; text-align: justify"><FONT STYLE="font-weight: normal">Silver
production in 2024 at the midpoint of the guidance range is expected to increase by 17% over 2023. For 2025, silver production at mid-range
is expected to decrease by 10% and increase by 16% in 2026 due to higher silver average grade areas, following our mining plan.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt/115% Verdana, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; font-weight: normal">&#167;</FONT></TD><TD STYLE="text-align: justify">Atacocha: <FONT STYLE="font-weight: normal">Zinc production at the midpoint of the 2024 guidance range
is estimated to increase by 7% over 2023. For 2025, zinc production at mid-range is expected to increase by 1.4kt.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 3pt 0.25in; text-align: justify"><FONT STYLE="font-weight: normal">Lead
production (assuming mid-range production) in 2024 is estimated to increase by 5% over 2023. For 2025, lead production is estimated to
increase by 20% with production planned in higher-grade ore bodies following our mine plan, before increasing to 15-17kt due to the expected
higher lead average grade.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt/115% Verdana, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; font-weight: normal">&#167;</FONT></TD><TD STYLE="text-align: justify">Vazante: <FONT STYLE="font-weight: normal">Zinc production at the midpoint of the 2024 guidance range
is estimated to decrease by 4%, mainly driven by lower zinc average grade compared to 2023. For 2025, zinc production is estimated to
be between 122-139kt and 121-140kt in 2026.</FONT></TD></TR></TABLE>


<!-- Field: Page; Sequence: 6 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 90%">&nbsp;</TD><TD STYLE="width: 10%">&nbsp;</TD></TR><TR STYLE="border-bottom: Red 2pt solid"><TD STYLE="text-align: center">&nbsp;<IMG SRC="nexa202402016k_004.jpg" ALT=""></TD><TD STYLE="font: 10pt Verdana; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><IMG SRC="nexa202402016k_003.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt/115% Verdana, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; font-weight: normal">&#167;</FONT></TD><TD STYLE="text-align: justify">Morro Agudo: <FONT STYLE="font-weight: normal">Zinc production for 2024 is estimated to be between 18-23kt.
As previously mentioned, we continue to assess risk-return alternatives for our Morro Agudo mine, which may result in a guidance update
for the 3-year period (2024-2026).</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt/115% Verdana, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; font-weight: normal">&#167;</FONT></TD><TD STYLE="text-align: justify">Aripuan&atilde;: <FONT STYLE="font-weight: normal">Three-year guidance reflects the updated mine plan
and assumes Aripuan&atilde; ramp-up activities will continue to progress, achieving nameplate capacity in mid-2024. Zinc production in
2024 is expected to be between 42-57kt. For 2025, zinc production at mid-range is estimated to increase by 32% over 2024 to 58-72kt and
increase by a further 9% in 2026 over 2025.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 3pt 0.25in; text-align: justify"><FONT STYLE="font-weight: normal">Copper
production (assuming mid-range production) in 2024 is expected to increase to 6-7kt before decreasing in 2025 and 2026, as we expect to
access lower grade copper areas, following our mining plan.</FONT></P>

<P STYLE="color: #767171; font: bold 10pt Verdana, Helvetica, Sans-Serif; margin: 12pt 0 6pt; text-align: justify">Smelting Segment</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="border-bottom: black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 9pt; color: white"><B>Smelting sales</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>2023</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" ROWSPAN="2" STYLE="border-bottom: black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: gray; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>2024e</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" ROWSPAN="2" STYLE="font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: gray; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>2025e</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" ROWSPAN="2" STYLE="font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: gray; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>2026e</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; width: 26%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 10%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 8%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 7%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 7%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 7%; border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 7%; border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 7%; border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 7%; border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 9pt; color: black"><B>Zinc metal</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>kt</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>556</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>545</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>565</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>545</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>565</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>545</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>565</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt; color: black">Cajamarquilla</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">326</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">315</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">325</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">315</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">325</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">315</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">325</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt; color: black">Tr&ecirc;s Marias</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">147</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">155</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">160</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">155</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">160</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">155</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">160</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt; color: black">Juiz de Fora</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">82</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">75</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">80</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">75</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">80</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">75</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">80</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 9pt; color: black"><B>Zinc oxide</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>kt</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>34</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>35</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>40</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>35</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>40</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>35</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>40</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt; color: black">Tr&ecirc;s Marias</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">34</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">35</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">40</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">35</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">40</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">35</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black">40</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 9pt; color: black"><B>Metal Sales</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>kt</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>590</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>580</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>605</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>580</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>605</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>580</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #3A3838"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>605</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 6pt 0; text-align: justify">For the forecasted periods, the smelters
are expected to operate at normal levels and sales are expected to be similar to production levels, as these estimates do not assume the
resale of material from third parties. Metal sales volume at the midpoint of the guidance range in 2024 is estimated to be slightly higher
compared to 2023 and remain at similar levels for 2025-2026.</P>

<P STYLE="color: #767171; font: bold 10pt Verdana, Helvetica, Sans-Serif; margin: 12pt 0 6pt; text-align: justify">2024 Cash Costs</P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Cash costs for 2024 are based on several
assumptions, including but not limited to:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; font-weight: normal">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-weight: normal">Zinc and other metals production volumes;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; font-weight: normal">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-weight: normal">Commodity prices (Zn: US$1.13/lb, Cu: US$3.76/lb, Pb: US$0.95/lb, Ag:
US$23.5/oz, Au: US$1,945/oz);</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; font-weight: normal">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-weight: normal">Foreign exchange rates (BRL/USD: 4.90 and Soles/USD: 3.67); and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; font-weight: normal">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-weight: normal">2024 zinc treatment charges (&ldquo;TCs&rdquo;) of US$174/t concentrate.</FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR>
    <TD ROWSPAN="3" STYLE="border-bottom: black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>Mining Operating costs</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>Cost ROM <BR>
</B></FONT><FONT STYLE="font-size: 7.5pt; color: white">(US$/t)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>Cash Cost<BR>
</B></FONT><FONT STYLE="font-size: 7.5pt; color: white">(US$/lb)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" ROWSPAN="2" STYLE="font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: gray; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>Cost ROM <BR>
</B></FONT><FONT STYLE="font-size: 7.5pt; color: white">(US$/t)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" ROWSPAN="2" STYLE="font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: gray; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>Cash Cost<BR>
</B></FONT><FONT STYLE="font-size: 7.5pt; color: white">(US$/lb)</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>2023</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>2023</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: gray; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>2024e</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: gray; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>2024e</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; width: 28%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 17%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 15%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 7%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 7%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 7%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 7%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 9pt"><B>Mining <SUP>(1)</SUP></B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626"><B>45.2</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626"><B>0.40</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626"><B>44.0</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626"><B>51.4</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626"><B>0.23</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626"><B>0.42</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Cerro Lindo</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">40.6</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">(0.06)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">41.0</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">45.0</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">(0.22)</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">0.03</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">El Porvenir</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">62.8</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">0.29</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">58.4</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">71.6</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">(0.02)</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">0.25</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Atacocha</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">32.9</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">(0.44)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">34.3</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">43.2</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">(0.27)</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">(0.02)</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Vazante</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">57.1</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">0.61</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">55.8</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">63.6</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">0.52</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">0.60</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Morro Agudo</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">37.9</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">0.82</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">27.9</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">40.0</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">0.80</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">1.24</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt Verdana, Helvetica, Sans-Serif; margin: 6pt 0 12pt; text-align: justify"><I><SUP>(1) </SUP>C1 Weighted Cash cost net
of by-products credits is measured with respect to zinc sold per mine.</I></P>

<P STYLE="font: 8pt Verdana, Helvetica, Sans-Serif; margin: 6pt 0 12pt; text-align: justify"><I>Note: Consolidated cash costs do not include
Aripuan&atilde;. Given we are expecting Aripuan&atilde;&rsquo;s ramp-up to be completed in mid-2024, we are not providing guidance at
this time.</I></P>


<!-- Field: Page; Sequence: 7 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 90%">&nbsp;</TD><TD STYLE="width: 10%">&nbsp;</TD></TR><TR STYLE="border-bottom: Red 2pt solid"><TD STYLE="text-align: center">&nbsp;<IMG SRC="nexa202402016k_004.jpg" ALT=""></TD><TD STYLE="font: 10pt Verdana; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><IMG SRC="nexa202402016k_003.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><B>Mining:</B> In 2024, consolidated run-of-mine
mining costs at mid-range of the guidance are expected to increase 5% year-over-year, primarily driven by Cerro Lindo and Cerro Pasco,
partially offset by Morro Agudo.</P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Mining cash costs are expected to decrease
due to several reasons, as highlighted below.</P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In Peru, the unit cash cost of Cerro Lindo
of US$(0.22)-0.03/lb in 2024 is expected to decrease due to the increase in zinc volumes and lower TCs, in addition to higher by-products
contribution explained by expected higher copper and lead prices compared to 2023.</P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">El Porvenir cash cost of US$(0.02)-0.25/lb
is expected to decrease compared to 2023 driven by expected higher by-product credits (particularly lead) and lower TCs. On the other
hand, Atacocha cash cost is expected to increase to be between US$(0.27)-(0.02)/lb, mainly driven by slightly higher operational costs
and lower by-product credits.</P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In Brazil, the cash cost of Vazante is
estimated to decrease and be between US$0.52-0.60/lb, positively impacted by lower TCs. On the other hand, Morro Agudo cash cost is expected
to increase and be between US$0.80-1.24/lb driven by lower by-products contribution, while run-of-mine mining cost is expected to decrease
due to increased operational efficiency in line with the mining plan.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR>
    <TD ROWSPAN="3" STYLE="font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>Smelting Operating costs</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>Conversion cost<BR>
</B></FONT><FONT STYLE="font-size: 7.5pt; color: white">(US$/lb)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>Cash Cost<BR>
</B></FONT><FONT STYLE="font-size: 7.5pt; color: white">(US$/lb)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" ROWSPAN="2" STYLE="font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: gray; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>Conversion cost <BR>
</B></FONT><FONT STYLE="font-size: 7.5pt; color: white">(US$/lb)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" ROWSPAN="2" STYLE="font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: gray; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>Cash Cost<BR>
</B></FONT><FONT STYLE="font-size: 7.5pt; color: white">(US$/lb)</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>2023</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>2023</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: gray; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>2024e</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: gray; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>2024e</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; width: 28%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 17%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 15%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 7%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 7%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 7%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 7%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 9pt"><B>Smelting <SUP>(2)</SUP></B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626"><B>0.30</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626"><B>1.10</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626"><B>0.29</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626"><B>0.32</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626"><B>1.07</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626"><B>1.18</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Cajamarquilla</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">0.28</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">1.03</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">0.29</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">0.32</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">1.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">1.13</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Tr&ecirc;s Marias</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">0.26</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">1.16</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">0.25</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">0.27</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">1.12</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">1.23</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Juiz de Fora</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">0.50</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">1.21</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">0.38</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">0.42</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">1.17</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">-</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #262626">1.28</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt Verdana, Helvetica, Sans-Serif; margin: 6pt 0 12pt; text-align: justify"><I><SUP>(2) </SUP>C1 Weighted Cash cost net
of by-products credits is measured with respect to zinc sold per smelter.</I></P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><B>Smelting:</B> In 2024, conversion costs
are expected to be similar to 2023, mainly driven by slightly higher production and sales volumes, partially offset by higher variable
costs in Cajamarquilla, driven mainly by higher expected energy cost. Consolidated smelting cash costs in 2024 are expected to increase
year-over-year, primarily due to lower TCs.</P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In Peru, the cash cost of Cajamarquilla
of US$1.02-1.13/lb in 2024 is expected to increase compared to 2023, following lower TCs, in addition to higher fixed and energy costs.
Conversion cost is expected to increase compared to US$0.28/lb in 2023 explained by the reasons mentioned above.</P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In Brazil, Tr&ecirc;s Marias and Juiz
de Fora smelters&rsquo; cash costs are estimated to increase to US$1.12-1.23/lb and US$1.17-1.28/lb, respectively, driven by lower TCs
and higher raw material costs.</P>

<P STYLE="color: #767171; font: bold 10pt Verdana, Helvetica, Sans-Serif; margin: 12pt 0 6pt; text-align: justify">2024 CAPEX</P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In 2024, CAPEX guidance is US$311 million.
Sustaining investments are expected to total US$261 million, with mining accounting for US$200 million, including US$39 million at Aripuan&atilde;
and smelting accounting for US$61 million.</P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In the mining segment, the majority of
sustaining capital expenditures are US$103 million for underground mine development, US$20 million for El Porvenir&rsquo;s Dam elevation
project, US$19 million for overall maintenance, US$18 million for tailings storage facility (&ldquo;TSF&rdquo;), US$6 million for maintenance
of heavy mobile equipment (&ldquo;HME&rdquo;), and US$3 million for improvement of Cerro Pasco&rsquo;s dam pumping system.</P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In the smelting segment, the majority
of sustaining capital expenditures are US$36 million for overall maintenance, US$14 million for roaster maintenance, US$7 million for
assets improvement and US$4 million for TSF.</P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Health, safety and environmental (&ldquo;HS&amp;E&rdquo;)
capital expenses are forecasted to be US$24 million.</P>


<!-- Field: Page; Sequence: 8 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 90%">&nbsp;</TD><TD STYLE="width: 10%">&nbsp;</TD></TR><TR STYLE="border-bottom: Red 2pt solid"><TD STYLE="text-align: center">&nbsp;<IMG SRC="nexa202402016k_004.jpg" ALT=""></TD><TD STYLE="font: 10pt Verdana; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><IMG SRC="nexa202402016k_003.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Other non-expansion capital expenses are
forecasted to be US$21 million, including non-recurring IT expenses related to the Enterprise Resource Planning (&ldquo;ERP&rdquo;) modernization
program of US$7.5 million in 2024.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 71%; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; font: 9.5pt Verdana, Helvetica, Sans-Serif; text-align: left"><FONT STYLE="font-size: 9pt; color: white"><B>CAPEX</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 3%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="width: 26%; border-bottom: black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: gray; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>Guidance 2024</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 8pt; color: white">(US$ million)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 9pt"><B>Non-Expansion </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>307</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Sustaining <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">261</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">HS&amp;E</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">24</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Others <SUP>(2)</SUP></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">21</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 9pt"><B>Expansion projects <SUP>(3)</SUP></B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>4</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 9pt"><B>TOTAL</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>311</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt/115% Verdana, Helvetica, Sans-Serif; margin: 6pt 0 3pt; text-align: justify"><SUP>(1) </SUP>Investments in tailing
dams are included in sustaining expenses.</P>

<P STYLE="font: 8pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 3pt; text-align: justify"><SUP>(2) </SUP>Modernization, IT and others.</P>

<P STYLE="font: 8pt/110% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: left"><SUP>(3) </SUP>Includes Vazante deepening
(US$2.4 million), among other several projects to improve operational performance.</P>

<P STYLE="color: #767171; font: bold 10pt Verdana, Helvetica, Sans-Serif; margin: 12pt 0 6pt; text-align: justify">2024 Exploration &amp;
Project Evaluation and Other Expenses</P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">As part of our long-term strategy, we
continued to maintain our efforts to replace and increase mineral reserves and resources. We expect in the future to continue advancing
our exploration activities, primarily focusing on identifying new ore bodies and upgrading resources classification through infill drilling
campaigns.</P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In 2024, we plan to invest US$58 million
in exploration. Our mineral exploration expense guidance of US$42 million relates mainly to greenfield and brownfield projects.</P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Our project evaluation expense guidance
of US$14 million includes the project to extend the life of the disposal facility of Tr&ecirc;s Marias smelter. The remaining expenses
are for corporate IT, potential growth projects and various projects across our business units.</P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In addition, we expect to invest US$4
million in technology, related to projects to improve our current operations and US$17 million to continue contributing to the social
and economic development of our host communities.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 71%; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; font: 9.5pt Verdana, Helvetica, Sans-Serif; text-align: left"><FONT STYLE="font-size: 9pt; color: white"><B>Other Operating Expenses</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 3%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="width: 26%; border-bottom: black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: gray; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt; color: white"><B>Guidance 2024</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; background-color: #3C3C3C; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 8pt; color: white">(US$ million)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 9pt"><B>Exploration</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>58</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Mineral Exploration</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">42</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Mineral rights</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">6</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Sustaining (mine development)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">10</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 9pt"><B>Project Evaluation</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>14</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 9pt"><B>Exploration &amp; Project Evaluation</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>72</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 9pt"><B>Other</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>21</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Technology</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">4</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 9pt; text-align: left"><FONT STYLE="font-size: 9pt">Communities</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 9.5pt Verdana, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9pt">17</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt/110% Verdana, Helvetica, Sans-Serif; margin: 6pt 0; text-align: left">Note: Exploration and project evaluation expenses
consider several stages of development, from mineral potential definition, R&amp;D, and subsequent scoping and pre-feasibility studies
(FEL1 and FEL2).<BR STYLE="clear: both">
</P>


<!-- Field: Page; Sequence: 9 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 90%">&nbsp;</TD><TD STYLE="width: 10%">&nbsp;</TD></TR><TR STYLE="border-bottom: Red 2pt solid"><TD STYLE="text-align: center">&nbsp;<IMG SRC="nexa202402016k_004.jpg" ALT=""></TD><TD STYLE="font: 10pt Verdana; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><IMG SRC="nexa202402016k_003.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #FF5000; font: bold 11pt/115% Verdana, Helvetica, Sans-Serif; margin: 10pt 0 6pt; text-align: justify">UPCOMING EVENT
| EARNINGS CONFERENCE CALL</P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The financial results for the fourth quarter
and full fiscal year of 2023 are expected to be published on Wednesday, February 21, 2024, after trading hours. Nexa will host a conference
call to discuss the results on Thursday, February 22, 2024, at 9:00 am EST.</P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/107% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: left; color: #FF5000"><B>About Nexa</B></P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Nexa is a large-scale, low-cost integrated
zinc producer with over 65 years of experience developing and operating mining and smelting assets in Latin America. Nexa currently owns
and operates five long-life mines - three located in the Central Andes of Peru and two located in the state of Minas Gerais in Brazil
- and it is ramping up Aripuan&atilde;, its sixth mine in Mato Grosso, Brazil. Nexa also currently owns and operates three smelters, two
located in Minas Gerais, Brazil and one in Peru, Cajamarquilla, which is the largest smelter in the Americas.</P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Nexa was among the top five producers
of mined zinc globally in 2023 and one of the top five metallic zinc producers worldwide in 2023, according to Wood Mackenzie.</P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/107% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: left; color: #434343"><B>For further information,
please contact:</B></P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 3pt; text-align: justify">Investor Relations Team</P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 3pt; text-align: justify">ir@nexaresources.com<BR STYLE="clear: both">
</P>


<!-- Field: Page; Sequence: 10 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 90%">&nbsp;</TD><TD STYLE="width: 10%">&nbsp;</TD></TR><TR STYLE="border-bottom: Red 2pt solid"><TD STYLE="text-align: center">&nbsp;<IMG SRC="nexa202402016k_004.jpg" ALT=""></TD><TD STYLE="font: 10pt Verdana; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><IMG SRC="nexa202402016k_003.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #3C3C3C; font: bold 11pt/115% Verdana, Helvetica, Sans-Serif; margin: 10pt 0 6pt; text-align: justify">Use of Non-IFRS
Financial Measures</P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Nexa&rsquo;s management uses Consolidated
Adjusted EBITDA as an additional performance measure on a consolidated basis, in addition to, and not as a substitute for, net income.
We believe this measure provides useful information about the performance of our operations as it facilitates consistent comparisons between
periods, planning and forecasting of future operating results reflecting the operational performance of our existing business without
the impact of interest, taxes, amortization, depreciation, non-cash items that do not reflect our operational performance for the specific
reporting period and the impact of pre-operating and ramp-up expenses during the commissioning and ramp-up phases of greenfield projects
(currently, only Aripuan&atilde; has reached these stages). Pre-operating and ramp-up expenses incurred during the commissioning and ramp-up
of phases of Aripuan&atilde; are not considered infrequent, unusual or non-recurring expenses, as they have recurred in prior years with
respect to Aripuan&atilde; and may recur in the future with respect to Aripuan&atilde; or any other projects that may reach the commissioning
or ramp-up phases. Our management believes this adjustment is helpful because it shows our performance without the impact of specific
expenses relating to a greenfield project that has reached the commissioning or ramp-up phases, with no connection with the performance
of our other existing operations.</P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">When applicable, Adjusted EBITDA also
excludes the impact of (i) events that are non-recurring, unusual or infrequent, and (ii) other specific events that, by their nature
and scope, do not reflect our operational performance for the specific period in our management&rsquo;s view. These events did not impact
our Adjusted EBITDA in 2022 and 2021 but may impact future periods.</P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In addition, management may adjust the
effect of certain types of transactions that in management&rsquo;s judgment are not indicative of the Company&acute;s normal operating
activities, or do not necessarily occur on a regular basis.</P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Mining segment | Cash cost net of by-products
credits: for our mining operations, cash cost after by-products credits includes all direct costs associated with mining, concentrating,
leaching, solvent extraction, on-site administration and general expenses, any off-site services essential to the operation, concentrate
freight costs, marketing costs and property and severance taxes paid to state or federal agencies that are not profit-related. Treatment
and refining charges on metal sales, which are typically recognized as a deduction component of sales revenues, are added to cash cost.
Cash cost net of by-products credits is measured with respect to zinc sold per mine.</P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Mining segment | Cost ROM: includes all
direct production costs for mining, concentrating, leaching, on-site mineral transportation, and other on-site administration expenses,
excluding royalties and workers&rsquo; participation costs. Cost ROM is measured with respect to total treated ore volume and non-metallic
products revenue (such as limestone and stones) are considered as cost-reduction for our mining operations.</P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Smelting segment | Cash cost net of by-products
credits: for our smelting operations, cash cost, after by-products credits includes all the costs of smelting, including costs associated
with labor, net energy, maintenance, materials, consumables, and other on-site costs, as well as raw material costs. Cash cost net of
by-products credits is measured with respect to zinc sold per smelter.</P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Smelting segment | Conversion cost: costs
incurred to convert zinc concentrate (feed) into final products measured with respect to contained zinc sold per smelter, including energy,
consumables, and other fixed and on-site expenses. Conversion cost does not include raw material, alloys, and by-products related cost.</P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">All forward-looking non-IFRS financial
measures in this release, including cash cost guidance, are provided only on a non-IFRS basis. This is due to the inherent difficulty
of forecasting the timing or amount of items that would be included in the most directly comparable forward-looking IFRS financial measures.
As a result, reconciliation of the forward-looking non-IFRS financial measures to IFRS financial measures is not available without unreasonable
effort and the Company is unable to assess the probable significance of the unavailable information.</P>


<!-- Field: Page; Sequence: 11 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 90%">&nbsp;</TD><TD STYLE="width: 10%">&nbsp;</TD></TR><TR STYLE="border-bottom: Red 2pt solid"><TD STYLE="text-align: center">&nbsp;<IMG SRC="nexa202402016k_004.jpg" ALT=""></TD><TD STYLE="font: 10pt Verdana; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><IMG SRC="nexa202402016k_003.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">See &ldquo;Cautionary Statement on Forward-Looking
Statements&rdquo; below.</P>

<P STYLE="color: #3C3C3C; font: bold 11pt/115% Verdana, Helvetica, Sans-Serif; margin: 10pt 0 6pt; text-align: justify">Technical Information</P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Jose Antonio Lopes, MausIMM (Geo): 224829,
a mineral resources manager, a qualified person for purposes of National Instrument 43-101 and a Nexa employee, has approved the scientific
and technical information contained in this Press Release. Please note that the mineral reserves included in this Press Release were estimated
in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (&ldquo;CIM&rdquo;) 2014 Definition Standards For Mineral
Resources and Mineral Reserves, whose definitions are incorporated by reference in National Instrument 43-101. Accordingly, such information
may not be comparable to similar information prepared in accordance with Subpart 1300 of Regulation S-K (&ldquo;S-K 1300&rdquo;). For
a discussion of the differences between the requirements under S-K 1300 and NI 43-101, please see our annual report on Form 20-F. Our
estimates of mineral reserves may be materially different from mineral quantities we actually recover, and market price fluctuations and
changes in operating capital costs may render certain mineral reserves uneconomical to mine.</P>

<P STYLE="color: #3C3C3C; font: bold 11pt/115% Verdana, Helvetica, Sans-Serif; margin: 10pt 0 6pt; text-align: justify">CAUTIONARY STATEMENT
ON FORWARD-LOOKING STATEMENTS</P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><FONT STYLE="line-height: 115%">This Press
Release contains certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively
referred to in this Press Release as &ldquo;forward-looking statements&rdquo;). All statements other than statements of historical fact
are forward-looking statements. The words &ldquo;believe,&rdquo; &ldquo;will,&rdquo; &ldquo;may,&rdquo; &ldquo;may have,&rdquo; &ldquo;would,&rdquo;
&ldquo;estimate,&rdquo; &ldquo;continues,&rdquo; &ldquo;anticipates,&rdquo; &ldquo;intends,&rdquo; &ldquo;plans,&rdquo; &ldquo;expects,&rdquo;
&ldquo;budget,&rdquo; &ldquo;scheduled,&rdquo; &ldquo;forecasts&rdquo; and similar words are intended to identify estimates and forward-looking
statements. Forward-looking statements are not guarantees and involve known and unknown risks, uncertainties and other factors which may
cause the actual results, performance, or achievements of NEXA to be materially different from any future results, performance or achievements
expressed or implied by the forward-looking statements. Actual results and developments may be substantially different from the expectations
described in the forward-looking statements for a number of reasons, many of which are not under our control, among them, the activities
of our competition, the future global economic situation, weather conditions, market prices and conditions, exchange rates, and operational
and financial risks. The unexpected occurrence of one or more of the abovementioned events may significantly change the results of our
operations on which we have based our estimates and forward-looking statements. Our estimates and forward-looking statements may also
be influenced by, among others, legal, political, environmental or other risks that could materially affect the potential development
of our projects, including risks related to outbreaks of contagious diseases or health crises impacting overall economic activity regionally
or globally, </FONT>as well as risks relating to ongoing or future investigations by local authorities with respect to our business and
operations and the conduct of our customers, including the impact to our financial statements regarding the resolution of any such matters.</P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">These forward-looking statements related
to future events or future performance and include current estimates, predictions, forecasts, beliefs and statements as to management&rsquo;s
expectations with respect to, but not limited to, the business and operations of the Company and mining production our growth strategy,
the impact of applicable laws and regulations, future zinc and other metal prices, smelting sales, CAPEX, expenses related to exploration
and project evaluation, estimation of mineral reserves and mineral resources, mine life and our financial liquidity.</P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Forward-looking statements are necessarily
based upon a number of factors and assumptions that, while considered reasonable and appropriate by management, are inherently subject
to significant business, economic and competitive uncertainties and contingencies and may prove to be incorrect. Statements concerning
future production costs or volumes are based on numerous assumptions of management regarding operating matters and on assumptions that
demand for products develops as anticipated, that customers and other counterparties perform their contractual obligations, full integration
of mining and smelting operations, that operating and capital plans will not be disrupted by issues such as mechanical failure, unavailability
of parts and supplies, labor disturbances, interruption in transportation or utilities, adverse weather conditions, and other COVID-19
related</P>


<!-- Field: Page; Sequence: 12 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 90%">&nbsp;</TD><TD STYLE="width: 10%">&nbsp;</TD></TR><TR STYLE="border-bottom: Red 2pt solid"><TD STYLE="text-align: center">&nbsp;<IMG SRC="nexa202402016k_004.jpg" ALT=""></TD><TD STYLE="font: 10pt Verdana; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><IMG SRC="nexa202402016k_003.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">impacts, and that there are no material
unanticipated variations in metal prices, exchange rates, or the cost of energy, supplies or transportation, among other assumptions.</P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">We assume no obligation to update forward-looking
statements except as required under securities laws. Estimates and forward-looking statements refer only to the date when they were made,
and we do not undertake any obligation to update or revise any estimate or forward-looking statement due to new information, future events
or otherwise, except as required by law. Estimates and forward-looking statements involve risks and uncertainties and do not guarantee
future performance, as actual results or developments may be substantially different from the expectations described in the forward-looking
statements. Further information concerning risks and uncertainties associated with these forward-looking statements and our business
can be found in our annual report on Form 20-F and in our other public disclosures available on our website and filed under our profile
on SEDAR+ (<FONT STYLE="color: #3265FF"><U>www.sedarplus.com</U></FONT>) and on EDGAR (<FONT STYLE="color: #3265FF"><U>www.sec.gov</U></FONT>).</P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"></P>

<!-- Field: Page; Sequence: 13; Options: Last -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 90%">&nbsp;</TD><TD STYLE="width: 10%">&nbsp;</TD></TR><TR STYLE="border-bottom: Red 2pt solid"><TD STYLE="text-align: center">&nbsp;<IMG SRC="nexa202402016k_004.jpg" ALT=""></TD><TD STYLE="font: 10pt Verdana; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>nexa202402016k_001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 nexa202402016k_001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0@)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !  -(# 2(  A$! Q$!_\0
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M%*\9-P^2C$9^6O&H-6U*VE66#4+J*13D,DS C]:]A^./_(&TG_KX?_T&O$J
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M %U;^9K2\(_\CIH?_80@_P#1BU['+\%O#LTSRM?:H&=BQQ+'CG_@%3Z;\(-
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C*RW UL/5<JEK6[GMYQF>'Q=&,*3=T[ZJW1ENBBBO>/ES_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>nexa202402016k_002.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 nexa202402016k_002.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0@)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  K $T# 2(  A$! Q$!_\0
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0%&!][U%=E110 4444 ?_V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>nexa202402016k_003.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 nexa202402016k_003.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0@)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !1 X0# 2(  A$! Q$!_\0
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M !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
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M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
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M'M3J*V.<XV3P"(+IYM)UBZT]7ZJN3^ (8''US6GX>\+0Z!)-,+J6XGF $C.
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M !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
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M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
MHHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "B
MBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ***
M* "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
MHHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "B
MBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ***
M* "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
? **** "BBB@ HHHH **** "BBB@ HHHH **** /_V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>nexa202402016k_004.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 nexa202402016k_004.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0@)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  M O<# 2(  A$! Q$!_\0
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M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
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M9U]I=MY/F?;K@P;MV-F$9\].?NX_&M*N5\8?\A'P[_U^2?\ I/+0!TWGQ?\
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M;MW%@<EL <]:SH=(U&WU>VO-,M7L"=J7@EF62.Y0=W Y\ST?KZY%==10HO\
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MR;WTZV+'J?*'/U]:N10Q01B.&-(T'144 #\!4VF[7LC6]%)V3;Z7MI]V_P"
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<" =<UHU:;:NU8PFDG9._]>84444R0HHHH __V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
