Ero Copper Corp. (T:ERO*CA)

Business Focus: Copper Ore Mining

Sector:  Basic Materials Industry:  Specialty Mining & Metals
Company Contact
Address: 625 Howe St Suite 1050
Tel: N/A
IR: See website
Key People
Makko Aaron Defilippo
President, Chief Operating Officer
David Maxwell Strang
Chief Executive Officer, Director
Wayne Drier
Chief Financial Officer
Deepk Hundal
Senior Vice President, General Counsel, Corporate Secretary
Courtney R. B. Lynn
Senior Vice President - Corporate Development, Investor Relations and Sustainability
Michel Richard
Chief Geological Officer
Business Overview
Ero Copper Corp is a Canada-based clean copper producer with operations in Brazil. The Company's primary asset is a 99.6% interest in the Brazilian copper mining company, Mineracao Caraiba S.A., 100% owner of the Caraiba Operations, which is comprised of the operations located in the Curaca Valley, Bahia State, Brazil. The Company's operations include Caraiba Operations, Tucuma Project and Xavantina Operations. The Caraiba Operations are located in northeastern Bahia State, Brazil, approximately 385 kilometers north-northwest of the capital city of Salvador, which include the Pilar and Vermelhos underground mines and the Surubim open pit mine. The Company open pit mine, and the Boa Esperana development project (Tucuma Project), an IOCG-type copper project located in Para, Brazil. It 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, Brazil and approximately 670 km east of the capital city of Cuiaba.
Financial Overview
For the three months ended 31 March 2024, Ero Copper Corp revenues increased 5% to $105.8M. Net loss totaled $7.1M vs. income of $24.2M. Revenues reflect Xavantina segment increase of 35% to $31.9M. Net loss reflects Foreign exchange (loss) gain decrease from $8.6M (income) to $19M (expense), Finance income decrease of 65% to $1.5M (income). Basic Earnings per Share excluding Extraordinary Items decreased from $0.26 to -$0.07.
Employees: 3,374 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $3,305M as of Mar 31, 2024
Annual revenue (TTM): $592.49M as of Mar 31, 2024
EBITDA (TTM): $248.31M as of Mar 31, 2024
Net annual income (TTM): $84.30M as of Mar 31, 2024
Free cash flow (TTM): -$436.01M as of Mar 31, 2024
Net Debt Last Fiscal Year: $595.79M as of Mar 31, 2024
Shares outstanding: 102,991,265 as of Jun 3, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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