The prospects of the Zacks Mining - Non Ferrous industry appear promising at the moment, backed by the upward trajectory of metal prices. The demand for non-ferrous metals is expected to be supported by the energy-transition trend, which will buoy the industry.We suggest keeping a close eye on companies like Southern Copper Corporation (SCCO) , Freeport-McMoRan Inc. (FCX) , Lundin Mining (LUNMF) , Ero Copper (ERO) and Centrus Energy (LEU) . These companies are strategically focused on building reserves, tec ...

One stock that might be an intriguing choice for investors right now is Ero Copper Corp (ERO) . This is because this security in the Mining - Non Ferrous space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Mining ...

VANCOUVER, British Columbia, April 11, 2024 (GLOBE NEWSWIRE) --  Ero Copper Corp. (TSX: ERO, NYSE: ERO) (the “Company”) will publish its first quarter 2024 operating and financial results on Tuesday, May 7, 2024 after market close. The Company will host a conference call to discuss the results on Wednesday, May 8, 2024 at 11:30am Eastern time (8:30am Pacific time). CONFERENCE CALL DETAILS Date: Wednesday, May 8, 2024 Time: 11:30am Eastern Time (8:30am Pacific Time) Dial In: Canada/USA Toll Free: 1-844-763-8 ...

VANCOUVER, British Columbia, April 11, 2024 (GLOBE NEWSWIRE) --  Ero Copper Corp. (TSX:ERO, NYSE:ERO) (the "Company") will publish its first quarter 2024 operating and financial results on Tuesday, May 7, 2024 after market close. The Company will host a conference call to discuss the results on Wednesday, May 8, 2024 at 11:30am Eastern time (8:30am Pacific time). CONFERENCE CALL DETAILS Date: Wednesday, May 8, 2024 Time: 11:30am Eastern Time (8:30am Pacific Time) Dial In: Canada/USA Toll Free: 1-844-763-827 ...

It's all about the foundational assets of these companies.Precious metals stocks over the past few days have been, well, precious. That's because many of them rose on the back of increases in the materials they mine and sell.Hecla Mining (HL 3.95%), for one, notched a double-digit increase by rising almost 13% in price over the week, according to data compiled by S&P Global Market Intelligence. Ditto for Sibanye Stillwater (SBSW 1.57%), which advanced by 11%. Slightly behind but still posting a healthy gain ...

ERC 2023 MERO Tucumã Project, Carajás Mineral Province, Pará State, Brazil (January 2024) Remains subject to negotiation and ex please see its press release dated October 30, 20 Execution of Growth Strategy In This Report Ero Copper Annual Report 2023 Operating Highlights Our Portfolio 2 3 2023 Highlights 4 Letter from the CEO 7 Management's Discussion & Analysis Consolidated Financial Statements 44 Our Portfolio Caraiba Operations Location: Bahia, Brazil Ownership: 99.6% Stage: Operating 2023 Copper Produc ...

Financial Data and Key Metrics Changes - The company reported a consolidated cash flow from operations of $163 million for 2023, reflecting a $20 million year-on-year increase [22] - Adjusted net income attributable to the owners of the company for the fourth quarter and full year were $20.7 million and $82.8 million, respectively, or $0.21 and $0.87 per share on a diluted basis [35] - The year-end liquidity position was $262 million, supported by a bought-deal equity financing that generated net proceeds of approximately $104 million [23] Business Line Data and Key Metrics Changes - At the Caraiba operations, processed 3.2 million tonnes of ore during the year, a 13% increase compared to 2022, with full year copper production of 43,857 tonnes [24] - Xavantina operations achieved record gold production of 59,222 ounces for the year, with C1 cash costs and all-in sustaining costs of $422 and $957 per ounce, respectively [26] - The company anticipates reaching commercial production at the Tucuma project by the end of the third quarter, with a total capital estimate of approximately $310 million [15] Market Data and Key Metrics Changes - The copper market outlook has improved, indicating supply deficits in 2024 and 2025, which has positively influenced copper prices and treatment charges [8] - The company has proactively secured smelting terms for the majority of its concentrate production through the end of 2025 [8] Company Strategy and Development Direction - The company aims to double copper production to approximately 100,000 tonnes by 2025 and has made significant progress on organic growth initiatives [20] - The focus remains on executing growth strategies, particularly at the Xavantina operations, while navigating macroeconomic challenges [34] - The partnership with Vale Base Metals on the Furnas project is progressing, with plans to start drilling in the second half of the year [46] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the operational leadership and local workforce training through partnerships with organizations like SENAI [39] - The company is optimistic about the ongoing favorable grade reconciliations at the Matinha vein, which may enhance production expectations [42] - Management acknowledged the challenges posed by copper price volatility and a stronger Brazilian Real but emphasized the effectiveness of their risk mitigation measures [34] Other Important Information - The company has updated its C1 cash cost calculation methodology, which reflects changes in copper concentrate sales channels [9] - The company completed the integration of the expansion circuit at the Caraiba mill, achieving design capacity of over 12,600 tonnes per day [16] Q&A Session Summary Question: Clarification on labor costs related to the 60% workforce hiring - The 60% figure refers to the contracted workforce for operational support, with the main focus on hiring operational leadership [31][32] Question: Development work at Xavantina and expected production from veins - The company continues to see favorable grade reconciliations, particularly in the Matinha vein, with guidance based on long-term block model grades [41][42] Question: Clarification on the Furnas exploration budget - The $6 million budget covers initial leg work for the project, with drilling expected to start in the second half of the year [40][46] Question: Nickel exploration status - The company is focused on identifying prospective areas for higher-grade nickel mineralization and continues to evaluate its exploration efforts [59][60]

Ero Copper (ERO) reported fourth-quarter 2023 adjusted earnings per share of 21 cents, which missed the Zacks Consensus Estimate of 23 cents. The bottom line declined 13% year over year.Including one-time items, ERO reported earnings of 37 cents per share in the fourth quarter of 2023 compared with 24 cents in the fourth quarter of 2022.Ero Copper’s revenues were $116 million in the quarter under review, flat compared with the year-ago quarter. The top line surpassed the Zacks Consensus Estimate of $104 mil ...

(all amounts in US dollars, unless otherwise noted) VANCOUVER, British Columbia, March 07, 2024 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX:ERO, NYSE:ERO) ("Ero" or the "Company") is pleased to announce its operating and financial results for the three and twelve months ended December 31, 2023. Management will host a conference call tomorrow, Friday, March 8, 2024, 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. HIGHLIGHTS Fourth ...

Investors are always looking for stocks that are poised to beat at earnings season and Ero Copper Corp. (ERO) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Ero Copper is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good in ...