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) generates frequent news and disclosures related to its copper and gold mining operations in Brazil and its corporate activities in Vancouver, British Columbia. News releases commonly cover operating and financial results, production performance at the Caraíba Operations and Tucumã Operation, and gold output from the Xavantina Operations.
Investors following ERO news can expect detailed quarterly updates on copper production in concentrate from Caraíba and Tucumã, gold production and costs at Xavantina, and commentary from management on operational performance and guidance. The company’s releases also describe milestones such as the achievement of commercial production at the Tucumã Operation and the progress of mine modernization and mechanization initiatives at Xavantina.
Ero’s news flow includes technical and exploration updates, particularly for the Furnas Copper-Gold Project in the Carajás Mineral Province. The company reports drill results, extensions of mineralization, and the status of multi-phase drill programs that support NI 43-101 mineral resource estimates and a planned preliminary economic assessment. At Xavantina, news has highlighted a value-creation initiative focused on high-grade gold concentrate stockpiles, including sampling programs, inferred mineral resource estimates and initial concentrate sales.
Regulatory and disclosure-related items, such as the filing of technical reports, sustainability reports and conference call announcements for quarterly results, are also regular subjects of Ero Copper’s press releases. For readers tracking ERO, this news page provides a centralized view of operational updates, exploration results and corporate disclosures that shape the company’s outlook.
Ero Copper Corp. (TSX: ERO, NYSE: ERO) announced strong fourth-quarter and full-year 2022 results, achieving a record copper production of 46,371 tonnes, exceeding guidance of 43,000 to 46,000 tonnes. Gold production at Xavantina reached a record 42,669 ounces. For 2023, Ero projects copper production of 44,000 to 47,000 tonnes and gold production of 50,000 to 53,000 ounces, with cash costs for copper expected between $1.40-$1.60 per pound, and gold costs between $475-$575 per ounce. The Company protects revenue through a zero-cost collar program, setting a floor price of $3.50 per pound for copper. Capital expenditures for 2023 are projected at $342-$389 million.
Ero Copper Corp. (TSX: ERO, NYSE: ERO) announced the retirement of Noel Dunn as Executive Chairman, effective immediately. Dunn will remain Chairman of the Board, emphasizing the company's strong position with high-quality assets and significant growth opportunities in the copper and nickel sectors. CEO David Strang praised Dunn's essential contributions since the company's founding in 2016. Ero Copper operates primarily in Brazil, focusing on copper and gold production, and is strategically positioned to support the global shift towards carbon neutrality.
Ero Copper Corp. (TSX: ERO, NYSE: ERO) announced the filing of its 2022 Technical Report for its Caraíba Operations, reflecting an increase in mineral reserves and resources. The report complies with Canadian Securities Administrator's National Instrument 43-101 standards and is available on the Company’s website and on SEDAR. Ero Copper, a high-margin copper producer headquartered in Vancouver, operates the Caraíba Operations in Brazil and holds a significant stake in NX Gold S.A. for gold and silver mining.
Ero Copper Corp. (TSX: ERO, NYSE: ERO) has amended its senior secured revolving credit facility, increasing commitments from $75 million to $150 million and extending maturity to December 2026. The facility will bear interest on a sliding scale based on the company’s leverage ratio, while commitment fees will range from 0.45% to 0.90%. As of September 30, 2022, the company's liquidity position stands at approximately $510 million, including $210 million in cash and equivalents. The amendment is expected to close by December 23, 2022, subject to customary conditions.
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.