Ero Copper(ERO)

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Ero Copper Corp. (ERO) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
Zacks Investment Research· 2024-02-29 16:01
Ero Copper Corp. (ERO) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on March ...
Ero Copper to Release Fourth Quarter and Full Year 2023 Operating and Financial Results on March 7, 2024
Newsfilter· 2024-02-05 12:00
VANCOUVER, British Columbia, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX:ERO, NYSE:ERO) (the "Company") will publish its fourth quarter and full year 2023 operating and financial results on Thursday, March 7, 2024 after market close. The Company will host a conference call to discuss the results on Friday, March 8, 2024 at 11:30am Eastern time (8:30am Pacific time). CONFERENCE CALL DETAILS Date:Friday, March 8, 2024Time:11:30am Eastern Time (8:30am Pacific Time)Dial In:North America: 1-800-319-4 ...
Ero Copper(ERO) - 2023 Q3 - Earnings Call Transcript
2023-11-03 22:58
Financial Data and Key Metrics Changes - Adjusted EBITDA for Q3 was $42.9 million, with adjusted net income attributable to owners at $17.3 million or $0.18 per share on a diluted basis [26] - Operating cash flows were $41.9 million, funding capital expenditures of $121.4 million, resulting in a strong liquidity position of approximately $238 million [71] Business Line Data and Key Metrics Changes - At Caraiba operations, copper production was 10,766 tonnes, with C1 cash costs at $1.82 per pound [42] - Xavantina operations saw a record gold production of 17,579 ounces at C1 cash costs of $371 per ounce, leading to an increase in 2023 gold production guidance from 50,000-53,000 ounces to 55,000-59,000 ounces [43] Market Data and Key Metrics Changes - The Brazilian real strengthened against the US dollar, averaging BRL4.88 in Q3, impacting cash costs and overall financial performance [40][25] - The company remains hedged on approximately 75% of copper production for the remainder of the year through a zero-cost collar hedge program [34] Company Strategy and Development Direction - The company is focused on long-term value creation through growth initiatives, including the Tucuma project, which is over 70% physically complete [41][46] - A binding term sheet was executed to earn a 60% interest in Vale Base Metals Furnas copper project, indicating a strategic partnership for future growth [24][55] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the operational performance despite macroeconomic challenges, emphasizing the importance of scenario analysis for risk management [67] - The company is taking a conservative approach regarding guidance for the Tucuma project, maintaining a focus on timely delivery and operational readiness [78][79] Other Important Information - The total direct project capital estimate for the Tucuma project remains unchanged at approximately $305 million, with various cost offsets identified [30][82] - The company is actively exploring additional opportunities in the Western Carajas region, indicating potential for future growth [63] Q&A Session Summary Question: Update on PMA smelter and domestic vs international sales - No sales were made to PMA during the quarter due to maintenance issues, but potential opportunities for future sales are being explored [15] Question: Working capital needs related to Tucuma - Management does not anticipate a significant change in working capital drawdown due to various levers being explored [16] Question: Details on the Furnas project - The project represents a significant growth opportunity, with over 240 drill holes completed, and discussions with Vale are ongoing [54][100] Question: Liquidity concerns with copper prices - Management is comfortable with current liquidity but is continuously evaluating scenarios to mitigate risks [66] Question: Exploration updates at Caraiba - Exploration programs are ongoing, with positive results expected, but timelines for updates on nickel exploration may be delayed [86]
Ero Copper(ERO) - 2023 Q2 - Earnings Call Transcript
2023-08-04 19:14
David Strang - Co-founder & Chief Executive Officer Makko DeFilippo - President & Chief Operating Officer Wayne Drier - Chief Financial Officer Conference Call Participants Dalton Baretto - Canaccord Genuity Orest Wowkodaw - Scotiabank Gordon Lawson - Paradigm Capital Stefan Ioannou - Cormark Securities Jackie Przybylowski - BMO Capital Markets Operator Thank you for standing by. This is the conference operator. Welcome to the Ero Copper Second Quarter 2023 Financial and Operating Results Conference Call. A ...
Ero Copper(ERO) - 2023 Q1 - Earnings Call Transcript
2023-05-12 15:30
Company Participants David Strang – CEO Wayne Drier – CFO Gordon Lawson - Paradigm Capital Orest Wowkodaw - Scotiabank Operator Courtney Lynn We will be making forward-looking statements that involve risks and uncertainties from which actual results may differ materially. We would refer you to our most recent annual information form available on our website, SEDAR and EDGAR, for a discussion of the risk factors of our business and their potential impact on future performance. As a reminder, unless otherwise ...
Ero Copper(ERO) - 2023 Q1 - Earnings Call Presentation
2023-05-11 18:44
Track Record of Delivering Growth The Company's consolidated mine life now extends to 2042 with production bolstered by the success of Project Honeypot Copper Production (000s of tonnes) 120 - 20 40 60 80 100 Ero Copper LOM Plan at IPO Ero Copper Consolidated Production (Caraíba + Tucumã) Source: Caraíba based on press release dated November 7, 2022. Tucumã based on the Tucumã Project Technical Report. ERO COPPER | 5 Growth Strategy Gaining Momentum Exploration is foundational to the Company's long-term gro ...
Ero Copper(ERO) - 2022 Q4 - Annual Report
2023-03-15 17:56
NOTICE OF 2023 ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS MANAGEMENT INFORMATION CIRCULAR MARCH 7, 2023 These materials are important and require your immediate attention. They require the shareholders of Ero Copper Corp. to make important decisions. If you are in doubt as to how to make such decisions, please contact your financial, legal or other professional advisors. MESSAGE FROM THE CHIEF EXECUTIVE OFFICER Dear fellow Shareholders, On behalf of Ero Copper's Board of Directors and Management, I ...
Ero Copper(ERO) - 2022 Q4 - Earnings Call Transcript
2023-03-08 19:47
Ero Copper Corp. (NYSE:ERO) Q4 2022 Earnings Conference Call March 8, 2023 11:30 AM ET Company Participants Courtney Lynn - VP, Corporate Development and Investor Relations David Strang - Chief Executive Officer Wayne Drier - Chief Financial Officer Makko DeFilippo - President Conference Call Participants Orest Wowkodaw - Scotiabank Gordon Lawson - Paradigm Capital Operator Thank you for standing by. This is the conference operator. Welcome to the Ero Copper Fourth Quarter and Full Year 2022 Financial and O ...
Ero Copper(ERO) - 2022 Q3 - Earnings Call Transcript
2022-11-06 04:32
Ero Copper Corp. (NYSE:ERO) Q3 2022 Earnings Conference Call November 2, 2022 11:00 AM ET Company Participants Courtney Lynn - VP, Corporate Development and IR Christopher Dunn - Executive Chairman David Strang - Chief Executive Officer Makko DeFilippo - President Wayne Drier - Chief Financial Officer Conference Call Participants Stefan Ioannou - Cormark Securities Craig Hutchison - TD Securities Jackie Przybylowski - BMO Capital Markets Bryce Adams - CIBC Capital Markets Operator Thank you for standing by. ...
Ero Copper(ERO) - 2022 Q2 - Earnings Call Transcript
2022-08-06 10:01
Ero Copper Corp. (NYSE:ERO) Q2 2022 Earnings Conference Call August 3, 2022 11:30 AM ET Company Participants Courtney Lynn - VP, Corporate Development and IR Christopher Noel Dunn - Executive Chairman David Strang - Chief Executive Officer Makko DeFilippo - President Wayne Drier - Chief Financial Officer Conference Call Participants Dalton Baretto - Canaccord Genuity Jackie Przybylowski - BMO Capital Markets Bryce Adams - CIBC Capital Markets Stefan Ioannou - Cormark Securities Bert Whitson - American Centu ...