Agreement Details - Ero Copper Corp has signed a definitive earn-in agreement with Salobo Metais S A, a subsidiary of Vale Base Metals Limited, to earn a 60% interest in the Furnas Copper Project located in the Carajás Mineral Province in Pará State, Brazil [1] - The terms of the Agreement align with the previously signed binding term sheet outlined in the Company's press release dated October 30, 2023 [2] Company Overview - Ero Copper Corp is a high-margin, high-growth, low carbon-intensity copper producer with operations in Brazil and corporate headquarters in Vancouver, B C [3] - The Company's primary asset is a 99 6% interest in the Brazilian copper mining company, Mineração Caraíba S A, which owns the Caraíba Operations including the Pilar and Vermelhos underground mines and the Surubim open pit mine, and the Tucumã Project [3] - The Company also owns 97 6% of NX Gold S A, which owns the Xavantina Operations, an operating gold and silver mine located in Mato Grosso, Brazil [3] Additional Information - For more information on the Project, including location maps, geologic cross sections, historical drill intercepts and a description of the Company's work programs, refer to the Company's press release dated October 30, 2023 [2] - Additional information on the Company and its operations, including technical reports on the Caraíba Operations, Xavantina Operations and Tucumã Project, can be found on SEDAR+ and EDGAR [3]

Andyborodaty/iStock via Getty Images Investment Thesis However, we had negative points, with realized prices coming in below expectations and indicating that the company will once again report results below expetations. In the quarter, we also saw developments in the legal proceedings involving Samarco. Hello reader, in this report I will show you the production and sales data in 2Q24 released by Vale on July 16th. Remember that this type of report usually gives clues that anticipate the financial results, ...

VALE S.A. (VALE) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Revisions to Earnings Estimates VALE is expected to post earnings of $0.40 per share for the current quarter, representing a year-over-year change of +100%. Over the last 30 days, the Zacks Consensus Estimate has changed -3.1%. The chart below shows the evolution of the company's forward 12-month consensus EPS est ...

The Federal Reserve has raised its policy interest rate by 5.25 percentage points since March 2022. It is now substantially above all main U.S. inflation measures, most notably versus the PCE Index used by the Fed to set its inflation target. I have talked about the risk of resurging inflation for more than a year in my articles. It's one of the reasons I have pushed gold/silver investments, and why I now believ increasing your exposure to oil/gas names makes sense. Two of my latest articles were on Texas/O ...

Vale S.A. (VALE) is expected to report improvements in its top and bottom lines when it reports second-quarter 2024 results on Jul 25, before the opening bell. The Zacks Consensus Estimate for Vale's sales is pegged at $9.99 billion, indicating a 3.2% increase from the year-ago quarter's reported figure. The consensus mark for earnings has moved down 3.85% over the past 360 days and is pegged at 50 cents per share. The figure indicates a 150% year-over-year improvement. | --- | --- | --- | --- | --- | |---- ...

Pellet production declined 2.4% year over year to 8.9 Mt. This was attributed to lower pellet feed availability at the Vargem Grande plant and maintenance at the São Luis plant. Copper Output Dips, Nickel Plunges During the quarter, the S11D mine delivered record production of 19.5 Mt, bolstered by ongoing asset reliability initiatives. In the second quarter, Vale produced 78.6 kt of copper, which was 0.3% lower than the year-ago quarter. Improved productivity at Salobo's 1 & 2 plants, as well as Sossego, w ...

Shares of the company witnessed a loss of 8.16% over the previous month, trailing the performance of the Basic Materials sector with its loss of 4.67% and the S&P 500's gain of 3.38%. For the full year, the Zacks Consensus Estimates project earnings of $2.17 per share and a revenue of $41.5 billion, demonstrating changes of +18.58% and -0.69%, respectively, from the preceding year. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from t ...

Shareholder Value FAST Graphs Takeaway Pros: CUHRIG Vale S.A. (NYSE:VALE) is making headlines again. Concentration of critical materials used in selected clean energy technologies vs. traditional electricity generation methods Source: EY analysis of IEA mineral requirements for clean energy transitions and publicly available sources. This year, we even got a massive squeeze that propelled copper futures to new highs as the market started to panie about potential supply shortages down the road. As we can see ...

Share Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was co-founder and publisher of MINING.com, an awardwinning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae. Michael McCrae Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals I ...

In the context of valuation, VALE S.A. is at present trading with a Forward P/E ratio of 5.19. This valuation marks no noticeable deviation compared to its industry's average Forward P/E of 5.19. The Mining - Iron industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 242, which puts it in the bottom 4% of all 250+ industries. VALE S.A. (VALE) closed the most recent trading day at $11.25, moving -0.35% from the previous trading session. This change lagged the S& ...