Ero Copper Corp. Reports Record Copper Production

Ero Copper Corp. ( (ERO) ) has released its Q4 earnings. Here is a breakdown of the information Ero Copper Corp. presented to its investors.

Ero Copper Corp. is a high-margin copper producer with operations in Brazil, focusing on copper and gold mining. The company is headquartered in Vancouver, Canada, and holds significant interests in Brazilian mining operations, including the Caraíba and Tucumã copper operations and the Xavantina gold mine.

In its latest earnings report, Ero Copper Corp. announced record copper production for the fourth quarter of 2024, totaling 12,883 tonnes, and a full-year production of 40,600 tonnes. The company also reported gold production of 8,936 ounces for the quarter and 57,210 ounces for the year. Despite these production achievements, the company recorded a net loss attributable to shareholders of $48.9 million for the quarter and $68.5 million for the year.

Key financial metrics highlighted include a cash flow from operations of $60.8 million for the quarter and $145.4 million for the year. The adjusted EBITDA was reported at $59.1 million for the quarter and $216.2 million for the year. Ero Copper also increased its available liquidity by amending its credit facility, which now includes $200 million in commitments, enhancing financial flexibility.

Looking ahead, Ero Copper Corp. is optimistic about 2025, with expectations of significant growth driven by the Tucumã Operation. The company anticipates consolidated copper production to range between 75,000 to 85,000 tonnes, with a focus on increasing plant throughput and achieving commercial production at Tucumã. Gold production is expected to remain steady, with a focus on improving operational performance and margins.