Ero Copper's Q4 and Full Year 2024 Results: A Milestone for Growth and Profitability

Ero Copper Corp. (TSX: ERO, NYSE: ERO) is set to release its fourth quarter and full year 2024 operating and financial results on Thursday, March 6, 2025, after market close. The Company will host a conference call to discuss these results on Friday, March 7, 2025, at 11:30 a.m. Eastern time (8:30 a.m. Pacific time). This event marks a significant milestone for the high-margin, high-growth copper producer, as it provides an opportunity to assess the Company's operational and financial performance for the year and its prospects for continued growth and profitability.



Ero Copper's primary asset is a 99.6% interest in the Brazilian copper mining company, Mineração Caraíba S.A. ("MCSA"), which owns the Company's Caraíba Operations in the Curaçá Valley, Bahia State, Brazil, and the Tucumã Operation, an open pit copper mine located in Pará State, Brazil. The Company also owns 97.6% of NX Gold S.A. ("NX Gold"), which owns the Xavantina Operations, an operating gold and silver mine located in Mato Grosso State, Brazil. In July 2024, the Company signed a definitive earn-in agreement with Vale Base Metals for a 60% interest in the Furnas Copper-Gold Project, located in the Carajás Mineral Province in Pará State, Brazil.



The Company's strong operational performance in 2024 is expected to be reflected in its fourth quarter and full year results. Key highlights from the year include:

* The Tucumã Project achieved a major commissioning milestone in July 2024, producing its first saleable copper concentrate. As ramp-up efforts increased mill throughput during the quarter, the operation delivered 839 tonnes of copper, contributing to consolidated quarterly copper production of 10,759 tonnes.
* Consolidated quarterly copper production also included contributions from the Caraíba Operations of 9,920 tonnes at C1 cash costs(*) of $1.63 per pound of copper produced.
* Gold production for the quarter was 13,485 ounces at C1 cash costs(*) and All-in Sustaining Costs ("AISC")(*) of $539 and $1,034, respectively, per ounce produced.
* Improved operating margins were supported by a significant decrease in unit operating costs at the Caraíba Operations and higher realized gold prices at the Xavantina Operations, resulting in net income attributable to the owners of the Company of $40.9 million, or $0.39 per share on a diluted basis, and adjusted net income attributable to the owners of the Company(*) of $27.6 million, or $0.27 per share on a diluted basis.
* Available liquidity at quarter-end was $125.2 million, including $20.2 million in cash and cash equivalents, $80.0 million of undrawn availability under the Company's senior secured revolving credit facility, and $25.0 million of undrawn availability under the copper prepayment facility.



Ero Copper's leadership and management team have played a crucial role in the Company's success, driving operational excellence, strategic growth, and financial discipline. Under the guidance of David Strang, Chief Executive Officer, the Company has executed on its vision to become a high-margin, high-growth copper producer with operations in Brazil and corporate headquarters in Vancouver, B.C. The team's ability to navigate challenges and capitalize on opportunities has positioned Ero Copper for continued success in the copper mining industry.

In conclusion, Ero Copper's fourth quarter and full year 2024 results are expected to showcase the Company's strong operational performance, improved operating margins, and solid financial position. With a strategic focus on growth, operational excellence, financial discipline, risk management, and continuous improvement, Ero Copper is well-positioned to capitalize on opportunities and navigate challenges in the mining sector. Investors should pay close attention to these results, as they provide valuable insights into the Company's prospects for continued growth and profitability.