Core Insights - Ero Copper Corp. reported strong operational and financial results for Q4 and full year 2024, with record copper production and improved cash flow [6][13][14] - The company anticipates a transformative year in 2025, driven by the Tucumã Operation, which is expected to significantly enhance copper production and cash flow [4][5] Financial Highlights - Q4 2024 revenues reached 470.3 million, up from 48.9 million for Q4 2024 and 94.3 million in 2023 [13] - Adjusted EBITDA for Q4 2024 was 216.2 million, reflecting strong operational performance [13][31] Production and Cost Metrics - Consolidated copper production for Q4 2024 was a record 12,883 tonnes, contributing to a full-year total of 40,600 tonnes [6][11] - C1 cash costs for copper production were 1.97 per pound for the full year [6][11] - Gold production for Q4 2024 was 8,936 ounces, with full-year production at 57,210 ounces, and C1 cash costs of 493 per ounce for the full year [6][11][13] Operational Updates - The company has completed significant maintenance work at the Tucumã Operation, leading to improved plant throughput and copper production consistency [4][5] - The ramp-up to commercial production at Tucumã is expected to be completed in H1 2025, with a focus on increasing operational flexibility at Caraíba [14] 2025 Guidance - Ero Copper expects consolidated copper production in 2025 to range between 75,000 to 85,000 tonnes, with a focus on achieving commercial production at Tucumã [14][18] - C1 cash cost guidance for copper is set at 1.80 per pound, with specific guidance for Caraíba and Tucumã operations [15][18] - Capital expenditures for 2025 are projected to decrease to 270 million, primarily due to reduced spending at the Tucumã Operation following construction completion [19][20]
Ero Copper Reports Fourth Quarter and Full Year 2024 Operating and Financial Results