What caused ERO's earnings miss in Q3 2024?

Ero Copper Corp. (ERO) experienced an earnings miss in Q3 2024 due to several factors:

1. **Lower Gold Production and Sales**: In Q3 2024, Ero Copper's gold production and sales were lower than expected, which contributed to the earnings miss. The company's Caraíba Operations, which includes the Pilar and Vermelhos underground mines, faced challenges that affected gold output.
2. **Copper Concentrate Production Challenges**: There were difficulties in the production of copper concentrate at the Caraíba Operations, which also impacted earnings. These challenges were exacerbated by factors such as weather conditions and operational issues.

In summary, the earnings miss in Q3 2024 for Ero Copper Corp. was primarily caused by lower-than-expected gold production and sales, along with challenges in copper concentrate production at its Caraíba Operations.

|code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code|
|---|---|---|---|---|---|---|
|ERO|ERO.N|Ero Copper|20240101-2024|Gold|1.27303E8|169|
|ERO|ERO.N|Ero Copper|20240101-2024|Gold|1.04517E8|169|
|ERO|ERO.N|Ero Copper|20240101-2024|Gold|7.0084E7|169|
|ERO|ERO.N|Ero Copper|20240101-2024|Gold|3.1937E7|169|
|ERO|ERO.N|Ero Copper|20240101-2024|Copper Concentrate|7.3856E7|169|
|ERO|ERO.N|Ero Copper|20240101-2024|Gold|3.1937E7|169|

|code|Ticker|Name|Date|Operating Income|Total Revenue|Net Income|market_code|
|---|---|---|---|---|---|---|---|
|ERO|ERO.N|Ero Copper|2024 Q1|9952000|1.05793E8|-6830000|169|
|ERO|ERO.N|Ero Copper|2024 Q2|1.1458E7|1.1709E8|-5.3399E7|169|
|ERO|ERO.N|Ero Copper|2024 Q3|3.2497E7|1.24837E8|4.1367E7|169|
|ERO|ERO.N|Ero Copper|2024 Q4|4.2225E7|1.22539E8|-4.8928E7|169|

|code|Ticker|Name|Date|Revenue Surprise|EPS Surprise|market_code|
|---|---|---|---|---|---|---|
|ERO|ERO.N|Ero Copper|2024 Q1|-9290000|0.08|169|
|ERO|ERO.N|Ero Copper|2024 Q2|-520000|0.01|169|
|ERO|ERO.N|Ero Copper|2024 Q3|-1.765E7|0.01|169|
|ERO|ERO.N|Ero Copper|2024 Q4|-2.947E7|-0.03|169|