Sector: Basic Materials | Industry: Specialty Mining & Metals |
Company Contact | |
Address: | 625 Howe St Suite 1050 VANCOUVER BC V6C 2T6 |
Tel: | N/A |
Website: | https://www.erocopper.com |
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 fiscal year ended 31 December 2023, Ero Copper Corp revenues increased less than 1% to $427.5M. Net income decreased 9% to $92.8M. Revenues reflect Xavantina segment increase of 43% to $106.9M, also reflect Caraiba segment decrease of 9% to $320.6M. Net income was partially offset by Salaries and consulting fees increase from $8.2M to $29.3M (expense), Share-based compensation increase of 16% to $9.2M (expense). |
Employees: | 3,374 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $3,270M as of Dec 31, 2023 |
Annual revenue (TTM): | $588.64M as of Dec 31, 2023 |
EBITDA (TTM): | $252.99M as of Dec 31, 2023 |
Net annual income (TTM): | $127.79M as of Dec 31, 2023 |
Free cash flow (TTM): | -$409.73M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $460.05M as of Dec 31, 2023 |
Shares outstanding: | 102,759,852 as of Mar 18, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |