Ero Copper Stock Price, News & Analysis

Ero Copper Corp. announced an update to its mineral reserves and resources for its Caraíba Operations in Brazil, improving its proven and probable mineral reserves by 31% compared to 2021. This includes a significant 43% increase at the Pilar Mine due to the newly incorporated Project Honeypot, contributing an estimated 129.7 kt of contained copper. The updated life-of-mine (LOM) production plan anticipates copper production growth from 45.3 kt in 2023 to 59.4 kt by 2036, with a mine life extended to 20 years. The company emphasizes operational flexibility and resilience amidst market conditions.

Ero Copper Corp. (TSX: ERO, NYSE: ERO) will host a virtual Operational, Project and Exploration Update on November 8, 2022, at 12:00 PM ET. CEO David Strang and senior management will discuss the company's operational outlook and growth projects. The event will feature Mansueto Almeida, Chief Economist at Banco BTG Pactual, who will provide insights on Brazil's economy. Presentation materials will be available on Ero's website, with a 90-day webcast replay option. Ero operates in Brazil and focuses on high-margin copper production from its various mining projects.

Ero Copper Corp. (TSX: ERO, NYSE: ERO) reported Q3 2022 results with copper production of 11,189 tonnes and gold production of 10,965 ounces. C1 cash costs were $1.46 per pound of copper and $537 per ounce of gold. The adjusted EBITDA was $32.1 million with a net income of $4.0 million ($0.04 per share). Financial results were affected by $10.3 million in copper concentrate settlements and rising operating costs. Cash flow from operations stood at $43.0 million with available liquidity of $434.8 million.

Ero Copper Corp (TSX: ERO, NYSE: ERO) will release its Q3 2022 financial results on November 1, 2022, after market close. Following the release, a conference call is scheduled for November 2, 2022, at 11:30 AM Eastern time to discuss the results. Ero Copper, headquartered in Vancouver, focuses on copper production in Brazil, holding a 99.6% interest in the MCSA mining company, which operates the Caraíba Operations, and also owns a significant interest in NX Gold S.A. for gold and silver production.

Ero Copper Corp. has announced the discovery of a regional nickel sulphide system called the Umburana System in the Curaçá Valley, extending for 5 kilometers. Notable drill results include intercepts such as:

• VB Zone VB-17: 16.5 meters at 1.22% Ni (3.92% NiEq)
• LZ Zone LZ-03: 24.1 meters at 0.81% Ni (1.33% NiEq)

This significant find enhances the Curaçá Valley's position as a prospective district for both copper and nickel, with plans for ongoing exploration to assess its full potential.

Ero Copper Corp. reported record copper production of 12,734 tonnes at a C1 cash cost of $1.24 per pound for Q2 2022. Gold production reached 11,122 ounces, with C1 cash costs at $643 per ounce. Adjusted EBITDA stood at $55.8 million, while net income attributable to owners was $24.4 million ($0.27 per share). However, operational challenges led to $13 million revenue loss due to shifts in sales to international markets. Available liquidity is reported at $504.9 million. Production guidance remains unchanged, but capital expenditures have been lowered due to deferrals.

Ero Copper Corp. (TSX: ERO, NYSE: ERO) announced the appointment of Ms. Jill Angevine to its board of directors, effective August 1, 2022. With over 25 years of experience in investment management, Ms. Angevine enhances the board's expertise as the company expands its governance. She is currently the President and CEO of Brownstone Asset Management and holds key directorships at other firms. The board now consists of ten directors, eight of whom are independent, reflecting a commitment to strong governance. This move is expected to strengthen the company’s financial oversight and strategic direction.

Ero Copper Corp. (TSX: ERO, NYSE: ERO) will release its Q2 2022 financial and operational results on August 2, 2022, after market close. A conference call to discuss these results is scheduled for August 3, 2022, at 11:30 AM ET. The company is known for its high-margin copper production, primarily from its Brazilian operations, including a 99.6% stake in Mineração Caraíba S.A., which operates the Pilar and Vermelhos underground mines.