Ero Copper Corp. - ERO STOCK NEWS

Ero Copper Corp. has provided an update on its ongoing regional nickel sulphide exploration program within the Curaçá Valley. The company has been focusing on delineating the Umburana System, which has a current strike length of approximately five kilometers. Key highlights include:

- VB Zone: Drill hole VB-41 intercepted 11.2 meters at 1.86% Ni, including 5.0 meters at 3.71% Ni and 1.9 meters of massive-sulphide textures grading 7.09% Ni.

- LZ Zone: Drill hole LZ-25 intercepted 46.1 meters at 0.20% Ni, including 2.6 meters at 0.75% Ni.

- Initial metallurgical tests demonstrate nickel recoveries through the rougher circuit ranging from 77% to 91% across various grind sizes.

The company believes the Curaçá Valley has the potential to be a globally significant magmatic sulphide district for both copper and nickel. Mineralization remains open to depth, to the north, and between the VB and LZ Zones.

Ero Copper Corp. (TSX: ERO, NYSE: ERO) held its Annual General and Special Meeting of Shareholders on April 26, 2023, in Vancouver, where 89.08% of shares were represented. Shareholders approved all proposals including the re-election of ten directors, with significant support ranging from 95.91% to 99.99% for the election of directors. The company also re-appointed KPMG LLP as auditor and approved the Stock Option Plan and Share Unit Plan with 98.40% and 99.54% of votes in favor, respectively. An advisory vote on executive compensation received 97.81% approval. Ero Copper is based in Vancouver and operates primarily in Brazil, focusing on high-margin copper production.

Ero Copper Corp. will release its Q1 2023 financial and operating results on May 8, 2023, after market close. A conference call to discuss these results is scheduled for May 9, 2023, at 11:30 AM ET (8:30 AM PT). Investors can join the call by dialing 1-800-319-4610 in North America or +1-604-638-5340 internationally. A replay will be available afterward by calling 1-800-319-6413 (North America) or +1-604-638-9010 (International) with the passcode 0068.

Ero Copper focuses on high-margin copper production in Brazil, owning a significant interest in MCSA and the ongoing Tucumã Project. The company is publicly traded under the symbol ERO on both the Toronto and New York Stock Exchanges.

Ero Copper Corp. has released its updated five-year operating outlook, highlighting significant growth in copper and gold production. The company anticipates a 125% increase in copper production by 2025, reaching 100,000 to 110,000 tonnes, while gold output is expected to rise by 40% to 55,000 to 60,000 ounces annually beginning in 2024. The Tucumã Project is projected to commence production in 2024, and the new shaft at the Caraíba Operations will be operational by 2027. The updated outlook reflects enhanced mined copper grades due to recent infill drilling and stockpile optimization. Cost guidance reflects inflationary pressures, with cash costs for copper estimated to range between $0.80 and $1.60 per pound through 2027. CEO David Strang emphasized the company's strategic initiatives and the expected peer-leading growth.

Ero Copper Corp. (TSX: ERO, NYSE: ERO) has released an updated NI 43-101 mineral reserve and resource estimate for its Xavantina Operations in Brazil as of October 31, 2022. Highlights include an 18% increase in proven and probable mineral reserves since 2021, with a compound annual growth rate of 95% from 2018-2022. The measured and indicated resources rose 22%. The updated life-of-mine (LOM) production plan forecasts over 60,000 ounces of gold production in 2024, bolstered by production from the Matinha Vein. The average annual production is estimated at 57,350 ounces from 2023 to 2026, showcasing the Company's growth and exploration potential.

Ero Copper Corp. reported strong operating and financial results for Q4 and full-year 2022. Highlights include a record copper production of 46,371 tonnes, exceeding guidance, and gold production of 42,669 ounces, also surpassing expectations. C1 cash costs for copper were $1.36/lb and for gold $560/oz. Fourth-quarter cash flows from operations reached $34 million, while adjusted EBITDA stood at $58.2 million. Total liquidity at year-end was $392.4 million. The company reaffirmed its 2023 production guidance, with expectations of 44,000 to 47,000 tonnes of copper and 50,000 to 53,000 ounces of gold due to improved mill throughput.

Ero Copper Corp. (TSX: ERO, NYSE: ERO) will release its full year and Q4 2022 financial results on March 7, 2023, after market close. A conference call is scheduled for March 8, 2023, at 11:30 AM Eastern Time. Ero Copper, headquartered in Vancouver, is a clean copper producer with significant operations in Brazil, primarily through its 99.6% interest in MCSA. Key assets include the Caraíba Operations and the Tucumã Project. The company also owns 97.6% of NX Gold S.A., which operates the Xavantina mine. Further details about the company and its performance can be found on its official website.