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Ero Copper Announces 2024 Production Results, 2025 Guidance and Updated Three-Year Production Outlook
(all amounts in US dollars, unless otherwise noted) VANCOUVER, British Columbia, Feb. 11, 2...
About this update from Ero Copper Corp.
[{"type":"text","content":"Ero Copper Announces 2024 Production Results, 2025 Guidance and Updated Three-Year Production Outlook\n\n\n\n\n (all amounts in US dollars, unless otherwise noted)\n \n\n\n VANCOUVER, British Columbia, Feb. 11, 2025 (GLOBE NEWSWIRE) --\n \n Ero Copper Corp. (TSX: ERO, NYSE: ERO)\n \n (\"Ero\" or the “Company”) is pleased to announce its 2024 production results and 2025 guidance as well as an updated three-year production outlook.\n \n\n\n HIGHLIGHTS\n \n\n\n\n 2024 Production Results\n \n\n\n\n Record quarterly copper production of 12,883 tonnes contributed to consolidated copper production for 2024 of 40,600 tonnes in concentrate.\n \n\n The Caraíba Operations delivered 8,566 tonnes during the fourth quarter and 35,444 tonnes of copper in concentrate for the year, meeting revised 2024 production guidance.\n \n\n Steady progress on increasing throughput volumes through year-end at the Tucumã Operation resulted in production of 4,317 tonnes during the fourth quarter and 5,156 tonnes of copper in concentrate for the year, below revised 2024 guidance.\n \n\n\n\n Gold production of 57,210 ounces at the Xavantina Operations was at the midpoint of original guidance and slightly below increased 2024 guidance.\n \n\n\n\n Amended Revolving Credit Facility\n \n\n\n\n Subsequent to year-end 2024, the Company enhanced financial flexibility by amending its senior secured revolving credit facility (the \"Amended Credit Facility\") to support its larger operational footprint. Key updates to the Amended Credit Facility include:\n \n\n An increase in aggregate commitments from $150 million to $200 million.\n \n\n An extension of the maturity date from December 2026 to December 2028.\n \n\n Improved terms, including a 25-basis point reduction in the applicable margin on drawn funds at certain leverage ratios.\n \n\n\n\n\n\n 2025 Guidance\n \n\n\n\n Consolidated copper production is expected to increase by approximately 85% to 110% year-on-year to a range of 75,000 and 85,000 tonnes at consolidated C1 cash costs between $1.55 and $1.80 per pound of copper produced\n \n (1)\n \n with the Tucumã Operation expected to achieve commercial production in H1 2025.\n \n\n The Xavantina Operations are expected to produce 50,000 to 60,000 ounces of gold at C1 cash costs between $650 and $800 per ounce of gold produced and all-in ...