Ero Copper Corp.

Ero Copper Reports Record Third Quarter 2026 Results

Ero Copper posted record Q3 2026 results with revenue of $348.0 million, adjusted EBITDA of $200.6 million (up 39% QoQ), and diluted EPS of $1.10 (adjusted $1.22). Strong free cash flow let the company cut net debt by roughly $100 million in the quarter to $353.5 million, improving its leverage ratio to 0.5x from 1.2x at year-end 2025, while liquidity rose to $264.1 million. Copper production of 18,345 tonnes rose 6% sequentially and gold output jumped 23%, helped by a record 17,414 ounces recovered from historic concentrate stockpiles at just $621/oz C1 cash cost. Management reaffirmed copper production guidance but raised consolidated copper C1 cost guidance to $2.25-$2.45/lb on inflation and a stronger BRL, and cut mined gold production guidance to 30,000-35,000 oz with AISC raised to $3,300-$3,600/oz. The Furnas drill program was completed more than two years ahead of schedule, satisfying the exploration requirement of the Vale Base Metals earn-in.

•6d ago

Ero Copper Reports Second Quarter 2026 Operating and Financial Results

Ero Copper reported strong Q2 2026 financial results, with revenue rising to $284.3 million and cash flow from operations increasing 49% quarter-over-quarter to $137.9 million. Operational execution drove Adjusted EBITDA up 15% sequentially to $144.0 million, supported by a 170% increase in gold production to 20,553 ounces and consolidated copper output of 17,315 tonnes. The company significantly strengthened its balance sheet, reducing net debt by $38.0 million to $452.7 million and increasing liquidity to $181.7 million, while reaffirming annual copper guidance and updating gold cost forecasts.

•3mo ago

Ero Confirms High-Grade Continuity and Extends Known Mineralization at Furnas with Significant New Step-Out Intercepts

Ero Copper released assay results from 24,000 meters of new drilling at its Furnas Copper-Gold Project in Brazil, confirming high-grade continuity in the SE and NW zones. Step-out holes extended known mineralization down-dip and along strike, including a new intercept in the under-explored Central zone, supporting the company's goal to convert inferred resources to indicated resources. The company remains on track to complete its contractual drilling programs by year-end, two years ahead of schedule, which will secure a 60% interest in the project. A Pre-Feasibility Study is expected in 2027.

•4mo ago

Ero Copper Reports First Quarter 2026 Operating and Financial Results

Ero Copper reported Q1 net income of $108.8 million ($1.04 per diluted share), more than double the prior year's $80.2 million, supported by revenue of $263.2 million. The company significantly strengthened its balance sheet, reducing net debt by $71.1 million year-over-year to $490.7 million and achieving a net leverage ratio of 1.0x. Management reaffirmed full-year 2026 guidance, noting that production is expected to be second-half weighted as planned mine sequencing and infrastructure upgrades at Xavantina reach completion.

•6mo ago

Record Margins, Shrinking Supply: Why Capital Is Chasing Copper Right Now

Ero Copper reported record Q4 2025 production of 19,706 tonnes of copper concentrate, driving full-year output to 64,307 tonnes at a C1 cash cost of $2.06/lb. Full-year adjusted EBITDA jumped nearly 90% year-over-year to $409.7 million, with cash flow from operations rising 171.7% to $395.1 million and net income reaching $263.7 million. Liquidity stood at $150.4 million at year-end with net debt leverage improving to 1.2x, and the company reaffirmed its 2026 guidance.

•6mo ago