Welcome to our dedicated page for Ero Copper news (Ticker: ERO), a resource for investors and traders seeking the latest updates and insights on Ero Copper stock.
Ero Copper Corp (ERO) is a leading copper producer with strategic mining operations in Brazil, recognized for its integrated approach to base metals extraction and by-product precious metals recovery. This news hub provides investors and industry observers with centralized access to all official announcements, operational updates, and market-related developments.
Track critical updates including quarterly earnings reports, mine production figures, and Tucuma Project advancements, alongside analysis of copper market trends impacting ERO's operations. The curated collection spans operational milestones from the Caraiba complex's underground mines to processing innovations at Xavantina facilities.
Key news categories include resource expansion announcements, leadership updates, and sustainability initiatives, providing comprehensive insight into corporate strategy. Subscribers and casual visitors alike benefit from timestamped press releases paired with contextual industry analysis where available.
Bookmark this page for streamlined monitoring of ERO's operational performance in Brazil's mining sector and global copper market positioning. Combine regular visits with portfolio tracking tools for complete investment perspective.
Ero Copper has released its 2023 Sustainability Report, titled 'Born in Brazil, Built for Tomorrow,' highlighting its ESG initiatives and achievements. Operating in Brazil, the company benefits from 85% renewable energy sources for its copper production. Key accomplishments include completing a $4.5 million renovation of the Curaçá Valley Polyclinic, implementing the Towards Sustainable Mining program, and achieving an 89% water recycling rate.
Environmental achievements include reclaiming 13 hectares of land using native species, bringing the total revegetated area since 2016 to 445 hectares. The company also progressed on constructing a dry-stack tailings facility at the Tucumã Project while maintaining its commitment to community development through initiatives like Project Hope at the Xavantina Operations.
Ero Copper Corp. announced the full restoration of power at its Tucumã Operation in Pará State, Brazil, following a temporary disruption due to a severe windstorm on October 5, 2024. The company has resumed the ramp-up of milling, flotation, and filtration circuits within the processing plant.
Ero Copper Corp. (TSX: ERO, NYSE: ERO) has announced the release date for its third quarter 2024 operating and financial results. The company will publish the results on Tuesday, November 5, 2024 after market close. Following the release, Ero Copper will host a conference call to discuss the results on Wednesday, November 6, 2024 at 11:30am Eastern time (8:30am Pacific time).
Interested parties can join the conference call using the following details:
- Canada/USA Toll Free: 1-844-763-8274
- International: +1-647-484-8814
- Webcast link available
- Replay options provided
Participants are advised to dial in 5-10 minutes prior to the call's start time or pre-register using the provided link to bypass the live operator queue.
Ero Copper Corp. (TSX: ERO, NYSE: ERO) reports a temporary power disruption at its Tucumã Operation following a severe windstorm in Pará State, Brazil on October 5, 2024. The storm damaged the regional power grid, affecting over 200,000 residents and major industrial users. While residential power has been restored, full restoration for industrial consumers is expected within two weeks.
The disruption has impacted the milling, flotation, and filtration circuits of the processing plant, while mining and crushing operations continue unaffected. Ero Copper anticipates the primary impact will be on the processing plant's ramp-up schedule and full-year production results. The company remains prepared to manage this temporary situation and will provide updates as it develops.
Ero Copper Corp. has announced an initial NI 43-101 compliant mineral resource estimate for the Furnas Copper-Gold Project in Brazil's Carajás Mineral Province. At a 1.00% copper equivalent cut-off grade, the estimate includes:
- Indicated Mineral Resource: 35.2 million tonnes grading 1.04% copper and 0.69 gpt gold (1.36% CuEq), containing 364,700 tonnes of copper and 775,300 ounces of gold
- Inferred Mineral Resource: 61.3 million tonnes grading 1.06% copper and 0.63 gpt gold (1.36% CuEq), containing 647,400 tonnes of copper and 1,235,600 ounces of gold
The estimate is based on over 90,000 meters of historic drilling. Ero Copper plans a Phase 1 drill program focusing on improving definition of high-grade zones and extending known mineralization. The company has an earn-in agreement with Vale Base Metals to acquire a 60% interest in the project.
Ero Copper (NYSE: ERO) reported Q2 2024 results, highlighting significant operational achievements and financial performance. The company produced 8,867 tonnes of copper at C1 cash costs of $2.16 per pound and 16,555 ounces of gold at C1 cash costs of $428 per ounce. Ero reached a major milestone with the first saleable copper concentrate at the Tucumã Project, ramping up to commercial production.
Financially, net loss was $53.2 million or $0.52 per share, with an adjusted net income of $18.6 million or $0.18 per share. Adjusted EBITDA stood at $51.5 million, and available liquidity was $169.8 million. The company reaffirmed its full-year copper production guidance of 59,000 to 72,000 tonnes and increased gold production guidance to 60,000 to 65,000 ounces. The copper C1 cash cost target remains at $1.50 to $1.75 per pound, while gold C1 cash cost guidance is reduced to $450 to $550 per ounce.
Capital expenditure guidance has been narrowed to $303 to $348 million. Ero's CEO, David Strang, expressed optimism about achieving record production levels this year.
Ero Copper Corp. (TSX: ERO, NYSE: ERO) has confirmed a fatal accident at its Caraíba Operations. The incident, involving a light-duty truck in a non-operational surface area, resulted in the death of one team member and left another in critical condition. In response, the company:
1. Activated emergency response and safety protocols
2. Suspended operations temporarily
3. Notified relevant government authorities
4. Initiated a full investigation
Operations at Caraíba are expected to resume the following day. CEO David Strang expressed deep sadness over the incident and extended thoughts to the affected families and community.
Ero Copper Corp. (TSX: ERO, NYSE: ERO) has achieved a significant milestone at its Tucumã Project with the production of saleable copper concentrate, exceeding process design concentrate grade targets. This follows the successful commissioning of milling and flotation operations in Q2 2024. Key achievements include:
- Completion of crushers, screening, and conveyance systems in March 2024
- Commencement of full mine operations in April 2024
- First ore through milling and flotation circuits in mid-June 2024
- First saleable copper concentrate production on July 18, 2024
The company expects to reach commercial production levels by the end of Q3 2024. CEO David Strang highlighted the project's completion on time, without injury or environmental incident, and within budget. Approximately 85% of capital expenditures were made within Brazil, showcasing the country's mining and project development capabilities.
Ero Copper Corp. (TSX: ERO, NYSE: ERO) has announced the signing of a definitive earn-in agreement with Salobo Metais S.A, a subsidiary of Vale Base Metals (VBM), to acquire a 60% interest in the Furnas Copper Project. The project is located in the Carajás Mineral Province in Pará State, Brazil. This agreement aligns with the previously signed binding term sheet announced on October 30, 2023.
The Furnas Copper Project represents a significant opportunity for Ero Copper to expand its presence in a prolific copper-producing region. Investors and stakeholders can find additional details about the project, including location maps, geologic cross sections, and historical drill intercepts, in the Company's earlier press release from October 30, 2023.
Ero Copper Corp. (TSX: ERO, NYSE: ERO) announced it will release its Q2 2024 operating and financial results on August 1, 2024, after market close.
A conference call to discuss the results will be held on August 2, 2024, at 11:30am Eastern Time (8:30am Pacific Time). Interested participants can join via toll-free numbers for Canada/USA or international lines, with an option to pre-register for quicker access.
A replay of the call will be available shortly after the event. Specific dial-in details and a webcast link are provided in the announcement.
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