Market open ceremony celebrates one of the Exchange's largest ever mining IPOs
TORONTO, Oct. 27, 2017 /CNW/ - TMX Group announces Brazilian mining company Nexa Resources S.A (Nexa), formerly known as Votorantim Metais Holding S.A, will begin trading today on Toronto Stock Exchange (TSX) under the symbolTSX:NEXA.
"We are extremely proud to welcome Nexa to Toronto Stock Exchange, in a celebration marking one of the largest mining IPOs in our 165-year history," said Nick Thadaney, President & CEO, Global Equity Capital Markets, TMX Group. "TMX is honoured that a large multinational mining company such as Nexa chose our Exchange as its listing partner. We are steadfastly committed to enhancing the value proposition that our unique ecosystem offers companies of all sizes and stages in pursuit of their growth objectives."
To celebrate the listing, Jones Belther, Senior Vice President of Mineral Explorations & Technology, Nexa will join Mr. Thadaney to open the market this morning at 9:30 a.m. ET.
"TSX is the premier mining market in the world, and this listing allows us to introduce ourselves to an investor base with a deep mining knowledge," said Tito Martins, Chief Executive Officer of Nexa. "We are one of the world's largest zinc producers, known for our large-scale, low-cost, vertically integrated approach. Our company has grown significantly in recent years, and maintaining that momentum requires investment in our assets, our business and our people. This IPO will be an important source of capital to continue our strong track record of growth."
Nexa is a large-scale, low-cost integrated zinc producer with over 60 years of experience developing and operating mining and smelting assets in Latin America. The company operates and owns five long-life underground mines, three located in the Central Andes, in Peru and two located in the state of Minas Gerais in Brazil. Two of the company's mines, Cerro Lindo in Peru and Vazante in Brazil, are among the 12 largest zinc mines in the world, and, combined with the company's other mining operations, places the company among the top five producers of mined zinc globally in 2016, according to Wood Mackenzie. Nexa also operates three smelting assets, two in Brazil located in the state of Minas Gerais and one in Peru, in Cajamarquilla.
Momentum in the mining sector continues with two mining IPOs closing on TSX last week - Titan Mining Corporation (TSX:TI) and Ero Copper Corp. (TSX:ERO) with projects in the U.S. and Brazil, respectively. TSX and Venture Exchange are home to 1,214 mining companies with a market capitalization of approximately $293 billion, as at September 30, 2017.
For Market Openings: Media may pick up a feed from the TOC (television operations centre) for all market close ceremonies. The feed is named TSX Transmit 1 (SD-SDI) and is produced at the TMX Broadcast Centre and sent live to the TOC. The client moves into position for the market open ceremony at approximately 9:27 a.m. ET and the markets will open with the sound of a siren (the traditional market open on Toronto Stock Exchange) at 9:30 a.m. ET.
About TMX Group (TSX:X)
TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, and other TMX Group companies provide listing markets, trading markets, clearing facilities, depository services, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across Canada (Montréal, Calgary and Vancouver), in key U.S. markets (New York, Houston) as well as in London, Beijing, Singapore and Israel. For more information about TMX Group, visit our website at http://www.tmx.com. Follow TMX Group on Twitter: @TMXGroup.
This news release is not, and should not be construed as, an invitation to purchase securities listed on TSX. TMX Group and its affiliates do not endorse or recommend any of the referenced securities nor should any statement in this news release be construed as advice regarding a broad investment strategy. Listing on TSX does not guarantee the future performance of a security. Please seek professional advice to evaluate specific securities.
SOURCE Toronto Stock Exchange
For further information: Catherine Kee, Manager, Corporate Communications, TMX Group, 416-814-8834, [email protected]