What does Ero Copper do and what are its main business segments?

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What were the key takeaways from Ero Copper’s earnings call?

Did Ero Copper beat or miss consensus estimates last quarter?

What is Ero Copper's latest dividend and current dividend yield?

What is Ero Copper's gross profit margin?

What were the key takeaways from Ero Copper's earnings call?

What factors drove the changes in Ero Copper's revenue and profit?

- **Q3 Production Records**: Copper up 19%, gold up 17% YoY, October throughput at all-time highs.
- **Cost Control Success**: 5% YoY operating expense decline, $10M+ gold concentrate sales in Q4.
- **Mechanization Payoff**: Xavantina fully mechanized, Tucumã filtration capacity expansion.
- **Liquidity Strengthened**: Net debt leverage 1.9x, $111M cash on hand.
- **Gold Sales Momentum**: 3,000 tons concentrate shipped in Q4.

**【Management Opening Remarks】**
- CEO highlighted Q3 production records across operations, with October throughput at all-time highs.
- Emphasis on cost control and mechanization efforts at Xavantina mine.
- Gold concentrate sales progress in Q4, with $10 million invoiced in first week of Q4.

**【CEO Commentary】**
- Q3 copper production up 19% YoY, gold production up 17%.
- Focus on debottlenecking at Tucumã, with mobile filter press installation.
- Gold concentrate sales expected to meet Q4 guidance, with 3,000 tons shipped in Q4.

**【CFO Financial Commentary】**
- Q3 revenue $177M, adjusted EBITDA $77.1M.
- Liquidity improved to $111M, net debt leverage 1.9x.
- Foreign exchange hedges protecting against BRL inflation.

**【Q&A Highlights】**
- Cost pressures in Brazil and inflation mitigation strategies discussed.
- Xavantina mechanization and future production targets outlined.
- Tucumã throughput improvements and filtration capacity additions detailed.
- Gold concentrate sales timing and resource updates provided.
- Streaming agreement terms and concentrate sales subject to 25% stream royalty.

Ero Copper Corp (ERO) Q3 2025 Earnings Call Transcript

Copper Concentrate

Gold

ERO

ERO fundamentals

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