Business
Ero Copper provides 2021 production outlook and achieves 2020 guidance
VANCOUVER, British Columbia, Jan. 20, 2021 (GLOBE NEWSWIRE) -- Ero Copper Corp. (“Ero” or the “Company”) (TSX: ERO) is pleased to announce the production result
About this update from Ero Copper Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Jan. 20, 2021 (GLOBE NEWSWIRE) -- Ero Copper Corp. (“Ero” or the “Company”) (TSX: ERO) is pleased to announce the production results for the three and twelve month period ended December 31, 2020 for its 99.6% owned Mineração Caraíba S.A. (“MCSA”) mining complex (the “MCSA Mining Complex”) located in the Curaçá Valley, Bahia State, Brazil and its 97.6% owned NX Gold Mine, located in Mato Grosso State, Brazil. The Company’s financial results for the year ended December 31, 2020 will be published on Tuesday, March 16, 2021 after the close of the Toronto Stock Exchange. Management will host a conference call on Wednesday, March 17, 2021 to discuss these results. Dial-in details are provided at the end of this press release. 2020 Production & 2021 Outlook Highlights: At the MCSA Mining Complex, total production of 42,814 tonnes of copper in concentrate, achieving the high end of the Company’s 2020 production guidance range of 41,000 to 43,000 tonnes of copper; At the NX Gold Mine, total annual production of 36,830 ounces of gold and 22,694 ounces of silver, in-line with the Company’s revised guidance of 36,000 to 37,000 ounces of gold; 2021 annual production guidance for the MCSA Mining Complex of 42,000 to 45,000 tonnes of copper in concentrate at C1 cash cost guidance[1,2] range of US$0.75 to US$0.85 per pound of copper produced; and, 2021 annual production guidance for the NX Gold Mine of 34,500 to 37,500 ounces of gold at C1 cash cost and AISC guidance[1,2] range of US$500 to US$600 and US$875 to US$975 per ounce of gold produced, respectively. Commenting on the 2020 production results and 2021 outlook, David Strang, CEO of Ero stated, “Despite a challenging operating environment in 2020 due to the ongoing COVID-19 pandemic, it was a great year for the Company. We achieved record annual copper production, successfully commissioned our new high intensity grinding (“HIG”) mill and ongoing exploration efforts resulted in significant extensions to the life of mine production profiles for both our MCSA Mining Complex and NX Gold Mine. These achievements were accomplished safely and without disruption due to the outstanding efforts of our operational and exploration teams in overcoming these challenges. At the MCSA Mining Complex we ended the year strongly, producing 10,018 tonnes of copper in concentr...