Ero Copper Confirms Full Power Restoration at the Tucumã Operation

Rhea-AI Summary

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.

Positive

• Full power restoration at Tucumã Operation.
• Resumption of ramp-up activities in processing plant.

Negative

• Temporary disruption caused by a severe windstorm.

Insights

Mining Operations Analyst

The restoration of full power at Ero Copper's Tucumã Operation is a positive development, albeit with immediate impact. The 11-day disruption likely caused some production delays, but the swift resolution mitigates long-term concerns. This event highlights the operational risks associated with mining in remote areas, particularly vulnerability to severe weather events.

Investors should consider:

• Potential short-term impact on Q4 production figures
• The company's disaster response and recovery capabilities
• Long-term implications for operational risk assessment and mitigation strategies

While the news is reassuring, it's not a major catalyst for stock movement. The focus now shifts to how quickly Ero Copper can ramp up production to normal levels and whether there will be any lingering effects on their annual production guidance.

VANCOUVER, British Columbia, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX: ERO, NYSE: ERO) ("Ero" or the “Company”) is pleased to confirm that full power has been restored at its Tucumã Operation following a temporary disruption caused by a severe localized windstorm in the southwest region of the Carajás Mineral Province in Pará State, Brazil on October 5, 2024. With power now restored, the Company has safely resumed the ramp-up of milling, flotation, and filtration circuits within the processing plant.

ABOUT ERO COPPER CORP

Ero is a high-margin, high-growth, low carbon-intensity copper producer with operations in Brazil and corporate headquarters in Vancouver, B.C. The Company's primary asset is a 99.6% interest in the Brazilian copper mining company, Mineração Caraíba S.A. ("MCSA"), 100% owner of the Company's Caraíba Operations (formerly known as the MCSA Mining Complex), which are located in the Curaçá Valley, Bahia State, Brazil and include the Pilar and Vermelhos underground mines and the Surubim open pit mine, and the Tucumã Operation (formerly known as Boa Esperança), an open pit copper mine located in Pará, Brazil. The Company also owns 97.6% of NX Gold S.A. ("NX Gold") which owns the Xavantina Operations (formerly known as the NX Gold Mine), comprised of an operating gold and silver mine located in Mato Grosso, Brazil. Additional information on the Company and its operations, including technical reports on the Caraíba Operations, Xavantina Operations and Tucumã Operation, can be found on SEDAR+ (www.sedarplus.ca/landingpage/) and on EDGAR (www.sec.gov). The Company’s shares are publicly traded on the Toronto Stock Exchange and the New York Stock Exchange under the symbol “ERO”.

FOR MORE INFORMATION, PLEASE CONTACT

Courtney Lynn, SVP, Corporate Development, Investor Relations & Sustainability
(604) 335-7504
info@erocopper.com

FAQ

What event caused the temporary disruption at Ero Copper's Tucumã Operation?

A severe localized windstorm on October 5, 2024.

When was power restored at Ero Copper's Tucumã Operation?

Power was restored by October 16, 2024.

What activities have resumed at Ero Copper's Tucumã Operation following the power restoration?

The ramp-up of milling, flotation, and filtration circuits within the processing plant.

What is the stock symbol for Ero Copper Corp.?

ERO.