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
Tel: N/A
IR: See website
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 nine months ended 30 September 2019, Ero Copper Corp revenues increased 41% to $209.2M. Net income totaled $46.7M vs. loss of $14.4M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects Foreign exchange loss decrease of 66% to $9.6M (expense), Selling, General & Administrative Expens decrease of 17% to $8.5M (expense), Other decrease of 22% to $3.6M (expense).
Employees: 1,656 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $1,800M as of Sep 30, 2019
Annual revenue (TTM): $432.82M as of Sep 30, 2019
EBITDA (TTM): $201.06M as of Sep 30, 2019
Net annual income (TTM): $86.13M as of Sep 30, 2019
Free cash flow (TTM): $27.75M as of Sep 30, 2019
Net Debt Last Fiscal Year: $182.65M as of Sep 30, 2019
Shares outstanding: 85,703,646 as of Jan 7, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization