Ero Copper Corp. reports on a Brazil-focused mining portfolio built around copper and gold production. The company operates the Caraíba Operations in Bahia State and the Tucumã Operation in Pará State for copper concentrate, and the Xavantina Operations in Mato Grosso State as a producing gold mine.
Recurring company news covers operating and financial results, copper and gold production, C1 cash costs, capital spending, production guidance, and portfolio optimization. Updates also address the Furnas Copper-Gold Project in the Carajás Mineral Province, including preliminary economic assessment work, technical reports, exploration, engineering, permitting, and the earn-in framework tied to that project.
Ero Copper Corp. (TSX: ERO, NYSE: ERO) has announced plans to offer $400 million in Senior Notes due 2030. The offering aims to reduce the company's senior secured revolving credit facility from $150 million to $75 million and fund capital expenditures for the Boa Esperança Project, expected to commence in Q2 2022, pending Board approval. The Notes will be guaranteed by Ero's subsidiary Mineração Caraíba S.A. and sold primarily to qualified institutional buyers within the U.S. and outside of the U.S. under specific regulations.