Ero Copper Publishes 2023 Sustainability Report

Rhea-AI Summary

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.

VANCOUVER, British Columbia, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX: ERO, NYSE: ERO) ("Ero" or the “Company”) is pleased to announce the publication of its 2023 Sustainability Report (the "Report"), titled Born in Brazil, Built for Tomorrow. This Report provides an update on the Company's strategy, practices, performance and management approach to key environmental, social and governance ("ESG") topics. The Report is available on the Sustainability section of Ero's website (www.erocopper.com).

"Our 2023 Sustainability Report showcases our commitment to responsibly producing the metals essential for global decarbonization," said David Strang, Ero's Chief Executive Officer. "With our operations rooted in Brazil, we benefit from access to electricity generated from approximately 85% renewable energy sources. This allows us to produce lower carbon- intensity copper that contributes to a cleaner, more sustainable future.

"Driven by our responsibility to operate sustainably, we are also deeply invested in the well- being of our workforce and the communities in which we operate. Key initiatives, such as the renovation of the Curaçá Valley Polyclinic and educational programs like Project Hope, underscore our commitment to local development, health, and safety.

"Sustainability is at the heart of our business strategy, and we remain dedicated to creating value for all stakeholders as we Build for Tomorrow."

2023 SUSTAINABILITY HIGHLIGHTS

• Advanced implementation of the Towards Sustainable Mining program with a self- assessment completed at the Caraíba Operations and a gap assessment completed at the Xavantina Operations
• Completed a $4.5 million multi-year renovation and expansion of the Curaçá Valley Polyclinic near the Caraíba Operations, supporting the health and well-being of more than 70,000 people across the broader region
• Expanded learning opportunities for local children through Project Hope at the Xavantina Operations, with support from Royal Gold Inc.
• Reclaimed 13 hectares of land using native plant species, bringing total land revegetated since 2016 to 445 hectares
• Progressed the construction of a dry-stack tailings facility and advanced safe project development at the Tucumã Project
• Achieved a consolidated process water recycling rate of 89%

ABOUT ERO COPPER CORP

Ero Copper is a high-margin, high-growth 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 sustainability achievements did Ero Copper (ERO) report for 2023?

Ero Copper reported achieving an 89% water recycling rate, reclaiming 13 hectares of land, completing a $4.5 million renovation of the Curaçá Valley Polyclinic, and implementing the Towards Sustainable Mining program at their operations.

How much land has Ero Copper (ERO) revegetated since 2016?

Ero Copper has revegetated a total of 445 hectares of land since 2016, including 13 hectares reclaimed in 2023 using native plant species.

What percentage of renewable energy does Ero Copper (ERO) use in its Brazilian operations?

Ero Copper's operations in Brazil benefit from approximately 85% renewable energy sources for their electricity generation.

What major community investment did Ero Copper (ERO) complete in 2023?

Ero Copper completed a $4.5 million multi-year renovation and expansion of the Curaçá Valley Polyclinic, which supports the health and well-being of more than 70,000 people in the region.