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. has released its 2022 Sustainability Report, showcasing the company's commitment to responsible mining and corporate citizenship. The report highlights Ero's strategy, practices, and performance in key environmental, social, and governance (ESG) areas.
CEO David Strang emphasized the importance of strong ESG principles in creating value for stakeholders and achieving positive financial outcomes. Ero takes pride in producing low carbon-intensity copper, with approximately 85% of Brazil's power sourced from renewable energy.
Key 2022 ESG highlights include:
- Advancing alignment with the Task Force on Climate-related Financial Disclosures
- Progressing towards the Mining Association of Canada's Towards Sustainable Mining standard
- Investing $4.5 million in a local hospital clinic expansion project
- Providing over 7.5 million cubic meters of water to nearby communities and farmers
- Achieving a 91% consolidated process water recycling rate
- Hiring an occupational psychologist to support behavioral safety
- Receiving the Incredible Places to Work Award at the Caraíba Operations
Ero Copper Corp. (TSX: ERO, NYSE: ERO) has announced that it will release its second quarter 2023 financial and operating results on Thursday, August 3, 2023 after market close. The company will host a conference call to discuss the results on Friday, August 4, 2023 at 11:30am Eastern time (8:30am Pacific time).
Conference call details:
- Date: Friday, August 4, 2023
- Time: 11:30am Eastern Time (8:30am Pacific Time)
- Dial in: North America: 1-800-319-4610, International: +1-604-638-5340
- Replay: North America: 1-800-319-6413, International: +1-604-638-9010
- Replay Passcode: 0319
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.
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