Ero Copper Corp. (ERO) Form 6-K — Nov 2, 2026
Ero Copper posted record Q3 2026 results with revenue of $348.0 million, up 97% year-over-year, and net income attributable to owners of $116.2 million ($1.10 diluted), driven by higher copper and gold prices, record stockpile gold sales, and the Tucumã ramp-up. Adjusted EBITDA rose 39% quarter-on-quarter to $200.6 million and cash flow from operations hit $191.2 million, funding ~$100 million of quarterly debt reduction that cut net debt to $353.5 million and the leverage ratio to 0.5x.
Key figures
- Eps
- 1.1
- Revenue
- 348034000
- Guidance
- FY2026 copper production unchanged at 67,500-77,500 tonnes; consolidated copper C1 cash cost updated to $2.25-$2.45/lb; Xavantina gold 75,000-80,000 oz (mined 30,000-35,000 oz); mined gold C1 $1,650-$1,800/oz and AISC $3,300-$3,600/oz; capex unchanged at $285-$330M
- Net Income
- 118000000
- Total Debt
- 467500000
- Revenue Yoy
- 96.6% (Q3 2026 $348.0M vs Q3 2025 $177.1M)
- Total Assets
- 2204528000
- Cash Position
- 114100000
- Shares Outstanding
- 104413777
- Net debt
- $353.5 million (down from $452.7M in Q2 2026)
- Debt repaid q3
- $70.0 million; $105.0 million in 2026 to date
- Furnas pea npv
- $2.0 billion after-tax NPV (8%), 27.0% after-tax IRR
- Adjusted ebitda q3
- $200.6 million (up 39% QoQ)
- Gold production q3
- 25,258 ounces (up 23% QoQ)
- Available liquidity
- $264.1 million
- Copper production q3
- 18,345 tonnes in concentrate (up 6% QoQ)
- Adjusted net income q3
- $129.3 million ($1.22 diluted)
- Copper c1 cash cost q3
- $2.51 per pound
- Realized gold price q3
- $3,876 per ounce
- Cash from operations q3
- $191.2 million (up 39% QoQ)
- Realized copper price q3
- $6.21 per pound
- Fx hedge realized gains q3
- $10.4 million ($30.3 million YTD)
AI analysis
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