Ero Copper Corp (ERO) announced that it extended its precious metal purchase agreement related to the Xavantina operations with Royal Gold, Inc.'s (RGLD) wholly-owned subsidiary, RGLD Gold AG.Details of ERO-RGLD DealERO Copper will receive an additional $50 million in upfront proceeds from Royal Gold under the terms of the agreement. Including this, Royal Gold provided $160 million under the Xavantina streaming agreements from 2021.As part of the streaming agreement, Royal Gold will continue to purchase 25% ...

VANCOUVER, British Columbia, April 01, 2025 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX: ERO, NYSE: ERO) (the "Company") will publish its first quarter 2025 operating and financial results on Monday, May 5, 2025, after market close. The Company will host a conference call to discuss the results on Tuesday, May 6, 2025 at 11:30am Eastern time (8:30am Pacific time). A results presentation will be available for download via the webcast link and in the Presentations section of the Company's website on the day of ...

(all amounts in US dollars, unless otherwise noted) VANCOUVER, British Columbia, March 31, 2025 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX:ERO, NYSE:ERO) ("Ero" or the "Company") is pleased to announce that, in return for upfront proceeds of $50 million, it has extended the June 2021 Precious Metals Purchase Agreement (the "Original Xavantina Stream") with RGLD Gold AG, a wholly owned subsidiary of Royal Gold Inc. (collectively, "Royal Gold"), under an additional precious metals purchase agreement in relatio ...

The latest trading session saw Ero Copper Corp. (ERO) ending at $13.91, denoting a +1.46% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily gain of 1.08%. At the same time, the Dow added 0.92%, and the tech-heavy Nasdaq gained 1.41%.Heading into today, shares of the company had lost 4.39% over the past month, lagging the Basic Materials sector's loss of 1.64% and outpacing the S&P 500's loss of 8.26% in that time.Analysts and investors alike will be keeping a ...

Ero Copper Corp. (ERO) closed at $12.44 in the latest trading session, marking a +0.08% move from the prior day. The stock's change was more than the S&P 500's daily loss of 0.91%. Meanwhile, the Dow experienced a drop of 1.5%, and the technology-dominated Nasdaq saw a decrease of 1.96%.Prior to today's trading, shares of the company had lost 5.62% over the past month. This has lagged the Basic Materials sector's loss of 3.32% and was narrower than the S&P 500's loss of 7.38% in that time.The investment com ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Ero Copper Corp. (ERO) .Ero Copper currently has an average brokerage recommendation (ABR) of 1 ...

Financial Data and Key Metrics Changes - Ero Copper reported record copper production in Q4 2024, contributing to cash flow from operations of $60.8 million for the quarter and $145.4 million for the full year [24] - Adjusted EBITDA for Q4 and the full year were $59.1 million and $216.2 million, respectively [24] - Adjusted net income attributable to owners was $17.4 million in Q4 or $0.17 per diluted share, and $80.4 million for the full year or $0.78 per diluted share [26] Business Line Data and Key Metrics Changes - The company achieved commercial production at Tucuma, with production expected to increase in Q2 following improvements in plant reliability and throughput volumes [15][14] - At Caraiba, production is expected to be soft in Q1 due to ongoing development work, with benefits anticipated to emerge over the next several quarters [15][16] - Xavantina is transitioning to a fully mechanized operation, which is expected to impact productivity and costs in the short term [17] Market Data and Key Metrics Changes - The company experienced increased foreign exchange volatility, particularly with the Brazilian real, leading to realized losses of $5.9 million for Q4 and $8.2 million for the year on foreign exchange hedges [25][26] - The total notional foreign exchange derivative position stood at $390 million, with a weighted average floor and ceiling of BRL5.43 and BRL6.49 per dollar, respectively [26] Company Strategy and Development Direction - The company's near-term strategy includes achieving commercial production at Tucuma, deleveraging the balance sheet, advancing long-term growth initiatives, and initiating returns to shareholders [8][21] - The partnership on the Furnas project is a key long-term growth initiative, with significant drilling and technical work planned [22] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges at Tucuma, including power outages and material flow constraints, but expressed confidence in the ramp-up and production cadence [12][15] - The company remains focused on deleveraging its balance sheet, targeting a normalized net debt leverage ratio of 1.5 times [20] Other Important Information - The liquidity position remains strong at approximately $90 million at year-end, with pro forma available liquidity at $140.4 million after recent credit facility amendments [27] - The company plans to pursue shareholder returns more proactively once meaningful progress is made on deleveraging [21] Q&A Session Summary Question: Are you still experiencing intermittent power outages at Tucuma? - Management confirmed that while some oscillations in power quality remain, improvements have significantly reduced the frequency of power trips [34][36] Question: What is driving the large C1 increase this year? - The increase is attributed to foreign exchange rates, deeper mining contributions, and lower grades across the portfolio [51][56] Question: Can you explain the off-site power solution at Tucuma? - The off-site solution involves capacitors or batteries to stabilize power quality, with no immediate need for on-site generators [63][66] Question: What steps are being taken to ensure contractor performance at Caraiba? - The company is closely monitoring development sufficiency and expects to maintain and increase development rates with the second contractor [88][90] Question: What form will shareholder returns take? - Discussions are ongoing, but the focus remains on achieving commercial production and deleveraging before finalizing return strategies [102]

Core Insights - Ero Copper reported fourth-quarter 2024 adjusted earnings per share of 17 cents, missing the Zacks Consensus Estimate of 21 cents, and reflecting a 19% decline year over year [1][7] - The company's revenues for the quarter were $122.5 million, a 5.2% increase from the previous year, but still below the consensus estimate of $130 million [3][7] Financial Performance - Including one-time items, Ero Copper reported a loss of 47 cents per share in Q4 2024, compared to earnings of 37 cents in Q4 2023 [2] - Gross profit increased by 25.3% year over year to $52.4 million, with adjusted EBITDA improving 17.5% to $59 million, resulting in an adjusted EBITDA margin of 48.2% [5] - The company’s cash flow from operating activities generated $145 million, down from $163 million in the previous year [8] Production Metrics - Ero Copper produced 8,566 tons of copper in Q4 2024, down from 11,760 tons in the same quarter of the previous year, with total copper production for 2024 at 35,444 tons, a 19.2% decrease from 2023 [6] - Gold production in Q4 2024 was 8,936 ounces, with total production for the year at 59,222 ounces, consistent with the previous year [6] Cost Analysis - Copper C1 cash costs for Q4 2024 were $1.85, up from $1.75 in Q4 2023, while gold C1 cash costs rose to $744 from $413 [4] - All-in Sustaining Costs (AISC) for Q4 2024 were $1,691, significantly higher than $991 in the same quarter of 2023 [4] Guidance and Future Outlook - For 2025, Ero Copper expects consolidated copper production between 75,000 tons and 85,000 tons, with gold production projected at 50,000-60,000 ounces [9][10] - The company anticipates copper C1 cash costs to range between $1.55 and $1.80 for the year [9] Market Performance - Ero Copper's shares have declined by 25.4% over the past year, contrasting with a 3% growth in the industry [11]

Core Viewpoint - Ero Copper Corp. reported quarterly earnings of $0.17 per share, missing the Zacks Consensus Estimate of $0.21 per share, representing a -19.05% earnings surprise [1]. Financial Performance - The company posted revenues of $122.5 million for the quarter ended December 2024, which was 5.77% below the Zacks Consensus Estimate and an increase from $116.41 million year-over-year [2]. - Over the last four quarters, Ero Copper has surpassed consensus EPS estimates three times [2]. Stock Performance - Ero Copper shares have declined approximately 8.3% since the beginning of the year, contrasting with the S&P 500's decline of -0.7% [3]. - The current Zacks Rank for Ero Copper is 5 (Strong Sell), indicating expectations of underperformance in the near future [6]. Earnings Outlook - The consensus EPS estimate for the upcoming quarter is $0.14 on revenues of $158 million, and for the current fiscal year, it is $2.09 on revenues of $803.78 million [7]. - The trend for estimate revisions ahead of the earnings release was unfavorable, which may impact future stock performance [6]. Industry Context - The Mining - Non Ferrous industry, to which Ero Copper belongs, is currently ranked in the bottom 24% of over 250 Zacks industries, suggesting potential challenges for stock performance [8].

CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023 Opinion on the Consolidated Financial Statements We have audited the accompanying consolidated statements of financial position of Ero Copper Corp. and subsidiaries (the Company) as of December 31, 2024 and 2023, the related consolidated statements of operations and comprehensive (loss) income, cash flow and changes in shareholders' equity for each of the years in the two-year period ended December 31, 2024, and the related not ...