Ero Copper Reports Fourth Quarter and Full Year 2025 Operating and Financial Results

Core Viewpoint Ero Copper Corp. reported record operating and financial results for Q4 and the full year 2025, driven by strong copper and gold production, improved cash flow, and a significantly strengthened balance sheet. Production Highlights - Consolidated Q4 copper production reached a record 19,706 tonnes, with full-year production totaling 64,307 tonnes [2] - Q4 gold production was 13,837 ounces, with full-year production at 37,291 ounces [2] - The Caraíba Operations produced 10,431 tonnes of copper in Q4, while the Tucumã Operation produced 9,275 tonnes [7] - The Xavantina Operations achieved a strong Q4 with gold production increasing 52.5% compared to Q3 2025 [7] Financial Highlights - Q4 cash flow from operations was $129.1 million, with full-year cash flow increasing by $249.7 million, or 171.7%, compared to 2024 [2] - Adjusted EBITDA for Q4 was $186.7 million, with full-year adjusted EBITDA up nearly 90% year-on-year [2] - Net income attributable to owners for Q4 was $77.0 million ($0.74 per share), and for the year, it was $263.7 million ($2.53 per share) [2][10] Cost Metrics - Consolidated copper C1 cash costs were $2.03 per pound for Q4 and $2.06 per pound for the full year [2] - Q4 gold C1 cash costs were $766 per ounce, with full-year costs at $976 per ounce [2] - The company expects consolidated copper C1 cash costs for 2026 to range between $2.15 to $2.35 per pound [12] Liquidity and Debt - Available liquidity at year-end was $150.4 million, including $105.4 million in cash and cash equivalents [2] - The net debt leverage ratio improved to 1.2x from 2.6x at the end of 2024, reflecting a $50.1 million decrease in net debt [2] 2026 Guidance - Consolidated copper production is projected to be between 67,500 to 77,500 tonnes, with production weighted towards H2 2026 [11] - Gold production is expected to total 40,000 to 50,000 ounces, with the lowest production anticipated in Q1 2026 [13] - Total capital expenditures for 2026 are expected to range between $275 to $320 million [17]