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.
Key figures
- Eps
- 1.04
- Revenue
- 263.2
- Guidance
- FY26 copper production 67,500-77,500 tonnes; C1 cash costs $2.15-$2.35/lb; gold production 40,000-50,000 oz; AISC $2,000-$2,500/oz; CapEx $275-$320M
- Gold aisc oz
- 4441
- Adjusted ebitda
- 125.2
- Net debt millions
- 490.7
- Gold production oz
- 5495
- Net leverage ratio
- 1.0x
- Gold c1 cash cost oz
- 2120
- Copper c1 cash cost lbs
- 2.39
- Copper production tonnes
- 17287
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.