Ero Copper Corp. (T:ERO*CA)

Business Focus: Copper Ore Mining

Sector:  Basic Materials Industry:  Specialty Mining & Metals
 
See Regulatory Filings on SEDAR
Company Contact
Address: 625 Howe St Suite 1050
VANCOUVER BC V6C 2T6
Tel: N/A
Website: https://www.erocopper.com
IR: See website
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Key People
Christopher Noel Dunn
Executive Chairman of the Board
David Maxwell Strang
President, Chief Executive Officer, Director
Wayne Drier
Chief Financial Officer
Makko Aaron DeFilippo
Vice President - Corporate Development
Michel Richard
Chief Geological Officer
 
Business Overview
Ero Copper Corp is a Canada-based company focused on copper production from the Vale do Curaca Property that is located in Bahia, Brazil. The Company's primary asset is a Brazilian copper mining company, Mineracao Caraba S.A. (MCSA), owner of the Vale do Curaca Property. The Company mines copper ore from the Pilar underground mine, the Surubim open pit mine and its newly constructed Vermelhos underground mine. In addition to the Vale do Curaca Property, the Company owns the Boa Esperanca development project, an Iron oxide copper gold ore deposits (IOCG)-type copper project located in Para Brazil. Integrated operations of the Company's mining complex include underground and open pit mining activities, a conventional three-stage crush and flotation mill and supporting infrastructure required to produce a clean concentrate grading 35% copper.
Financial Overview
For the six months ended 30 June 2020, Ero Copper Corp revenues decreased 7% to $138.5M. Net loss totaled $45.2M vs. income of $30.4M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net loss reflects Foreign exchange gain (loss) decrease from $1.3M (income) to $98.2M (expense), Other income (expenses) decrease from $1.2M (income) to $1.5M (expense).
Employees: 2,138 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $1,756M as of Jun 30, 2020
Annual revenue (TTM): $367.81M as of Jun 30, 2020
EBITDA (TTM): $167.35M as of Jun 30, 2020
Net annual income (TTM): $21.71M as of Jun 30, 2020
Free cash flow (TTM): $29.12M as of Jun 30, 2020
Net Debt Last Fiscal Year: $179.90M as of Jun 30, 2020
Shares outstanding: 86,297,959 as of Jul 24, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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