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Ero Copper Reports First Quarter 2025 Operating and Financial Results
(all amounts in US dollars, unless otherwise noted) VANCOUVER, British Columbia, May 05, 20...
About this update from Ero Copper Corp.
[{"type":"text","content":"Ero Copper Reports First Quarter 2025 Operating and Financial Results\n\n\n\n\n (all amounts in US dollars, unless otherwise noted)\n \n\n\n VANCOUVER, British Columbia, May 05, 2025 (GLOBE NEWSWIRE) --\n \n Ero Copper Corp. (TSX: ERO, NYSE: ERO)\n \n (“Ero” or the “Company”) is pleased to announce its operating and financial results for the three months ended March 31, 2025. Management will host a conference call tomorrow, Tuesday, May 6, 2025, at 11:30 a.m. Eastern time to discuss the results. Dial-in details for the call can be found near the end of this press release.\n \n\n\n HIGHLIGHTS\n \n\n\n\n Consolidated first quarter copper production was 12,424 tonnes, reflecting the continued commissioning and ramp-up of the Tucumã Operation.\n \n\n The Tucumã Operation produced 5,067 tonnes of copper in concentrate, with more than half of production occurring in March following the completion of planned maintenance in January and February.\n \n\n The Caraíba Operations produced 7,357 tonnes of copper in concentrate at an average C1 cash cost\n \n (*)\n \n of $2.22 per pound.\n \n\n\n\n\n\n Gold production during the quarter was 6,638 ounces at an average C1 cash cost\n \n (*)\n \n and All-in Sustaining Cost (\"AISC\")\n \n (*)\n \n of $1,100 and $2,228 per ounce, respectively.\n \n\n Quarterly financial performance reflected higher metals prices and increased production from the Tucumã Operation, which contributed to quarter-on-quarter improvements in net income and adjusted EBITDA\n \n (*)\n \n\n\n Net income attributable to the owners of the Company of $80.2 million ($0.77 per share on a diluted basis).\n \n\n Adjusted net income attributable to the owners of the Company\n \n (*)\n \n of $35.8 million ($0.35 per share on a diluted basis).\n \n\n Adjusted EBITDA\n \n (*)\n \n of $63.2 million.\n \n\n\n\n\n\n (*)\n \n These are non-IFRS measures and do not have a standardized meaning prescribed by IFRS and might not be comparable to similar financial measures disclosed by other issuers. Please refer to the Company’s discussion of Non-IFRS measures in its Management’s Discussion and Analysis for the three months ended March 31, 2025 and the Reconciliation of Non-IFRS Measures section at the end of this press release.\n \n\n\n In March 2025, the Company entered into an ag...