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. (Symbol: ERO), a distinguished base metals mining company, is primarily engaged in the production and sale of copper, with gold and silver generated as by-products. The company operates mainly through its Caraiba Operations and Xavantina Operations in Brazil, as well as its development project, the Tucuma Project.
The Caraiba Operations segment, which is the primary revenue driver, includes the Pilar and Vermelhos underground mines and the Surubim open pit mine, along with associated processing facilities. Ero Copper has consistently demonstrated operational efficiency and strategic growth through these projects.
Recent achievements highlight Ero Copper's commitment to sustainability and innovation in mining. The company has introduced advanced technologies to optimize production processes and improve environmental impact management. In addition, the Xavantina Operations continue to enhance the company's production capabilities, contributing to its robust financial performance.
Financially, Ero Copper has shown strong growth and stability, with clear production guidance and strategic investment in capital expenditures for future improvements. The company's focus on cost management has resulted in competitive copper C1 cash costs, ensuring profitability even in fluctuating market conditions.
Ero Copper's partnerships and investor relations are managed with transparency and dedication, providing stakeholders with comprehensive updates and insights into the company's progress and prospects. For more detailed information and the latest updates, visit their official communication channels or contact Courtney Lynn, SVP, Corporate Development, Investor Relations & Sustainability at info@erocopper.com.
Ero Copper Corp. (TSX: ERO, NYSE: ERO) has achieved a significant milestone at its Tucumã Project with the production of saleable copper concentrate, exceeding process design concentrate grade targets. This follows the successful commissioning of milling and flotation operations in Q2 2024. Key achievements include:
- Completion of crushers, screening, and conveyance systems in March 2024
- Commencement of full mine operations in April 2024
- First ore through milling and flotation circuits in mid-June 2024
- First saleable copper concentrate production on July 18, 2024
The company expects to reach commercial production levels by the end of Q3 2024. CEO David Strang highlighted the project's completion on time, without injury or environmental incident, and within budget. Approximately 85% of capital expenditures were made within Brazil, showcasing the country's mining and project development capabilities.
Ero Copper Corp. (TSX: ERO, NYSE: ERO) has announced the signing of a definitive earn-in agreement with Salobo Metais S.A, a subsidiary of Vale Base Metals (VBM), to acquire a 60% interest in the Furnas Copper Project. The project is located in the Carajás Mineral Province in Pará State, Brazil. This agreement aligns with the previously signed binding term sheet announced on October 30, 2023.
The Furnas Copper Project represents a significant opportunity for Ero Copper to expand its presence in a prolific copper-producing region. Investors and stakeholders can find additional details about the project, including location maps, geologic cross sections, and historical drill intercepts, in the Company's earlier press release from October 30, 2023.
Ero Copper Corp. (TSX: ERO, NYSE: ERO) announced it will release its Q2 2024 operating and financial results on August 1, 2024, after market close.
A conference call to discuss the results will be held on August 2, 2024, at 11:30am Eastern Time (8:30am Pacific Time). Interested participants can join via toll-free numbers for Canada/USA or international lines, with an option to pre-register for quicker access.
A replay of the call will be available shortly after the event. Specific dial-in details and a webcast link are provided in the announcement.
Prices for copper are surging due to supply cuts and increased demand from energy transition and AI projects, potentially marking a new supercycle. Analysts from Sprott and Trafigura highlight the supply-demand imbalance, predicting a deficit of 4-5 million tons by 2030. Yukon Metals Corp. (CSE: YMC) has doubled its land holdings to 36,000 hectares and is focusing on high-priority properties like AZ and Talbot. Freeport-McMoRan (NYSE: FCX) aims to boost copper output by 800 million pounds annually using new technology. Taseko Mines (NYSE-American: TGB) faces operational setbacks due to strikes, while Teck Resources (NYSE: TECK) saw a 74% rise in production. Ero Copper Corp. (NYSE: ERO) nears operational completion of its Tucumã Project in Brazil.
Ero Copper Corp has been granted an Operational License for the Tucumã Project, ensuring it is on track for its first copper production in early Q3 2024. The project is near physical completion at 99%, with commissioning well advanced and over 90% of operational staff hired and trained. Direct capital costs for the project remain steady at $310 million. Key milestones include the successful installation of mechanical and electrical equipment, completion of pre-stripping activities, and the placement of approximately 110,000 tonnes of ore on the run-of-mine stockpile. Safety has been a priority, with over six million hours of work completed without lost-time injuries since 2022. The company anticipates initiating the project ramp-up in early Q3 2024.
Ero Copper Corp. reports first-quarter financial results with continued strong performance and record gold production. The Tucumã Project is on track for first copper concentrate production in Q3 2024. The company achieved 97% physical completion and maintained direct project capital costs at $310 million. First-quarter copper production was 8,091 tonnes at C1 cash costs of $2.30 per pound. Gold production hit a record 18,234 ounces with C1 cash costs of $395 per ounce and AISC of $797 per ounce. Financial results reflect a net loss of $7.1 million and adjusted net income of $16.8 million. Available liquidity at quarter-end was $156.7 million, with increased 2024 gold production guidance and reaffirmed production, cost, and capital expenditure guidance for the year.
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