Ero Copper Corp
TSX:ERO

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Ero Copper Corp
TSX:ERO
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Price: 33.84 CAD 0.3% Market Closed
Market Cap: 3.5B CAD

Ero Copper Corp
Investor Relations

Ero Copper Corp. is a Canadian mining company that digs deep into the rich, red earth of Brazil, focusing its efforts on copper, gold, and silver production. The company's operational heart beats in the lush landscapes of the Curaçá Valley, where its cornerstone asset, the MCSA Mining Complex, is located. This area is renowned for its high-grade copper deposits and Ero Copper harnesses advanced mining techniques to sustainably extract and process copper ore. The production journey starts with the extraction of ore from mines, followed by crushing, grinding, and flotation processes to produce copper concentrate. This is then sold to smelters and refiners who further process it into pure copper, a commodity in high demand for electrical equipment, construction, and renewable energy systems.

Ero Copper's business strategy revolves around maximizing the value of their mineral-rich assets, adopting technologies to enhance their extraction and processing efficiency, and expanding their mineral resource base. By reinvesting in exploration and drilling programs, the company continually extends the life of its mines, thus ensuring a steady flow of output. Aside from their copper operations, Ero Copper also cultivates potential revenue streams from the byproducts of its primary production, like gold and silver, which are integral to electronics and jewelry industries. By honing in on efficient operations, robust safety practices, and sustainability measures, Ero Copper solidifies its place in the global market as a significant copper producer, riding the wave of green energy demand where copper plays an essential role.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 5, 2025
AI Summary
Q3 2025

Record Production: Ero Copper achieved all-time monthly production records at every operation in October, with Caraíba, Tucumã, and Xavantina all reporting historic highs.

Gold Concentrate Opportunity: Announced a maiden inferred resource of 29,000 ounces of gold at Xavantina, with plans to sell 10,000–15,000 tonnes of concentrate in Q4 at $300–$500/oz operating costs.

Strong Q3 Results: Q3 consolidated copper production reached a new record, driven by a 24% increase in copper sales at Tucumã, pushing revenue to $177 million—up $14 million from Q2.

Cost Pressures: Inflation in Brazil is raising labor and contractor costs, but this is being partially offset by FX hedging and procurement initiatives.

Deleveraging Focus: Continued debt reduction, with net debt leverage falling to 1.9x as of Q3, and further acceleration expected thanks to gold concentrate sales.

Operational Guidance: Management expects to reach the low end of annual production guidance for both copper and gold, with Q4 anticipated to be the strongest quarter of the year.

Key Financials
Revenue
$177 million
Adjusted EBITDA
$77.1 million
Adjusted Net Income Attributable to Owners
$27.9 million
EPS
$0.27 per share
Liquidity
$111 million
Cash and Cash Equivalents
$66.3 million
Undrawn Credit Facility
$45 million
Net Debt Leverage Ratio
1.9x
Gold Concentrate Maiden Inferred Resource (Xavantina)
29,000 ounces
Caraíba October Mill Throughput
just over 400,000 tonnes
Caraíba Copper Production (October)
over 3,500 tonnes
Tucumã Copper Production (October)
approximately 3,300 tonnes
Xavantina Gold Production (October)
just shy of 7,000 ounces
Ore Mined at Xavantina (Q3)
over 50,000 tonnes
Foreign Exchange Hedge Notional Position
$290 million
Realized Gain on FX Hedges
$2 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. David Maxwell Strang
Co-Founder, CEO & Director
No Bio Available
Mr. Makko DeFilippo
President & COO
No Bio Available
Mr. Wayne Drier
Chief Financial Officer
No Bio Available
Mr. Deepk Hundal
Senior VP, General Counsel & Corporate Secretary
No Bio Available
Mr. Michel Richard
Chief Geological Officer
No Bio Available
Ms. Courtney R. B. Lynn
Senior Vice President of Corporate Development, Investor Relations & Sustainability
No Bio Available
Mr. Eduardo de Come
Chief Executive Officer of Ero Brazil
No Bio Available
Mr. Emilio Sarno
Vice President of Asset Management
No Bio Available
Mr. Michael Hocking
Vice President of Exploration
No Bio Available
Mr. Gelson Batista
Senior Vice President of Operations
No Bio Available

Contacts

Address
BRITISH COLUMBIA
Vancouver
625 Howe St Suite 1050
Contacts
+16044499236.0
www.erocopper.com