Ero Copper Stock Price, News & Analysis

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.

Ero Copper Corp. reported robust financial results for Q1 2022, producing 9,784 tonnes of copper and 8,796 ounces of gold. The net income attributable to owners was $52.1 million ($0.57 per diluted share), with an adjusted net income of $33.0 million. Operating cash flows stood at $44.0 million, complemented by record liquidity of $540.5 million. Despite inflationary pressures increasing operating costs, the company reaffirmed its 2022 production guidance, expecting to achieve the high-end of expectations for copper output due to significant growth strategies.

Ero Copper Corp (TSX: ERO, NYSE: ERO) announced the results from its annual general meeting (AGM) held virtually on April 27, 2022. A total of 76,996,438 shares, representing 85.33% of outstanding shares, were voted. Shareholders approved all business items, including re-election of nine directors and the advisory vote on executive compensation. KPMG LLP was reappointed as the auditor. The advisory vote on executive compensation showed 93.15% approval, confirming shareholder support for the company's compensation practices.

Ero Copper Corp. reported record financial results for the year ended December 31, 2021, with copper production of 45,511 tonnes and gold production of 37,798 ounces. Adjusted EBITDA reached $331.9 million, marking a significant increase from the previous year. The fourth quarter generated adjusted net income of $59.7 million, or $0.65 per share. The company maintains strong liquidity, with $230.1 million available as of year-end. Looking ahead, Ero plans to commence construction on the Boa Esperança Project in Q2 2022 and aims for substantial growth with projected annual production of 100,000 tonnes of copper and 60,000 ounces of gold by 2025.

On March 8, 2022, Ero Copper Corp. announced its upcoming exploration technical session on March 10, 2022, at 12:00 PM ET. The session aims to update stakeholders on ongoing exploration efforts and objectives for 2022. Key presenters include the President and Chief Geological Officer. This initiative is part of a series of semi-annual sessions to enhance understanding of the Company’s exploration programs. Presentation materials will be available on the Company’s website, and the webinar will be accessible for 90 days.

Ero Copper Corp. has received Board approval to commence construction of the Boa Esperança Project in Brazil, anticipated to begin in Q2 2022, with first production expected in Q3 2024. The Company has made substantial progress on critical contracts and engineering designs. A recent $400 million senior unsecured notes offering enhances liquidity for growth initiatives aimed at doubling copper production while maintaining competitive operating costs. CEO David Strang emphasized the project's potential for significant production increase with low capital investment of around $300 million.