Financial Data and Key Metrics Changes - The company reported cash flows from operations of $17.2 million and adjusted net income attributable to owners of the company of $16.8 million or $0.16 per share on a diluted basis [62] - C1 cash costs averaged $2.30 per pound produced during the quarter, expected to decrease throughout the year due to projected increases in copper grades and production [56][44] - The company reaffirmed its full-year production guidance of 42,000 to 47,000 tons, with production expected to be weighted towards the second half of the year [56][44] Business Line Data and Key Metrics Changes - At Xavantina operations, gold production increased to 18,234 ounces, a rise of approximately 47% compared to Q1 2023, with C1 cash costs averaging $395 per ounce, below the full-year guidance [43][44] - The Caraiba operations processed approximately 853,000 tons, up over 5% compared to Q4, despite a planned decrease in mined and processed copper grades [44] - Average processed copper grades were reported at 1.08%, with production of 8,091 tons after recoveries of approximately 88% [75] Market Data and Key Metrics Changes - Copper prices rallied to their highest levels in nearly two years, driven by rising demand expectations and a constrained supply outlook [53] - The company locked in two-year TC/RC terms in the low teens on roughly one-third of projected concentrate production, enhancing its pricing strategy [53][28] Company Strategy and Development Direction - The company is focused on completing the Tucuma project, which is approximately 97% complete, with initial production expected in early Q3 2024 [42][48] - There are plans for a potential second concentrated plant in the northern part of the project, although this is still in preliminary evaluation stages [8] - The company aims to maintain its position as one of the lower-cost producers of copper globally by accessing high-grade ore bodies [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving 80% of nameplate capacity at Tucuma by the end of Q3, with a standard ramp-up rate expected over nine months [26][48] - The company highlighted a strong safety culture, with over five million hours of work completed without lost time injuries [54] - Management acknowledged macro and geopolitical uncertainties affecting gold prices, which have reached all-time highs, benefiting the company's operations [41] Other Important Information - The company entered into a $50 million non-priced copper prepayment facility, providing cost-effective capital in a favorable copper market [33] - A favorable move in foreign exchange led to a realized gain on foreign exchange hedges of $2.1 million [62] - The company is evaluating nickel exploration opportunities, with a focus on being strategic and disciplined in its approach [100][90] Q&A Session Summary Question: What is the expected throughput for Caraiba in 2024? - Management indicated that achieving nearly four million tons of throughput is reasonable, with expectations for average grades to improve [38] Question: Are there any delays in underground development at Caraiba? - Management confirmed that issues related to underground development are largely behind them, with strong development rates and production expected [15] Question: What are the critical path items for the Tucuma ramp-up? - Key items include electrical installations, automation, and minor piping, with significant progress already made [19][20] Question: What are the terms for concentrate offtake in the second half of the year? - Management mentioned favorable concentrate treatment and refining charges locked in for about one-third of production, with terms in the low-teens [28] Question: When will the definitive agreement for the Furnas project be finalized? - Management stated that the agreement is imminent and is being finalized with Vale [30] Question: What is the expected sustaining capital for the first year of Tucuma operations? - Management anticipates minimal sustaining capital in the first year, with most costs expensed [102]

Ero Copper Corp. (ERO) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 220%. A quarter ago, it was expected that this company would post earnings of $0.23 per share when it actually produced earnings of $0.21, delivering a surprise of -8.70%.Over the last four quarters, the company ha ...

(all amounts in US dollars, unless otherwise noted) VANCOUVER, British Columbia, May 07, 2024 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX:ERO, NYSE:ERO) ("Ero" or the "Company") is pleased to announce its operating and financial results for the three months ended March 31, 2024. Management will host a conference call tomorrow, Wednesday, May 8, 2024, at 11:30 a.m. eastern time to discuss the results. Dial-in details for the call can be found near the end of this press release. HIGHLIGHTS The Tucumã Project is ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, April 25th:TXO Partners, L.P. (TXO) : This oil and natural gas company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 11.3% over the last 60 days.TXO’s shares gained 3.4% over the past month compared with the S&P 500’s decline of 2.2%. The company possesses a Momentum Score  of A.PepGen Inc. (PEPG) : This clinical-stage biotechnology company has a ...

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:Takeda Pharmaceutical Company Limited (TAK) : This company that engages in the research, development, manufacture and out-licensing of pharmaceutical products in Japan and globally has seen the Zacks Consensus Estimate for its current year earnings increasing 35.1% over the last 60 days.TXO Partners, L.P. (TXO) : This oil and natural gas company has seen the Zacks Consensus Estimate for its current year earnings increasing 11.3% over th ...

VANCOUVER, British Columbia, April 24, 2024 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX:ERO, NYSE:ERO) ("Ero" or the "Company") reported the voting results from its Annual General Meeting of Shareholders held today in Vancouver, British Columbia. A total of 93,474,205 common shares were represented at the meeting, being 90.96% of the issued and outstanding common shares of the Company as at the March 5, 2024 record date. Shareholders voted in favour of all items of business before the meeting, including the r ...

The prospects of the Zacks Mining - Non Ferrous industry appear promising at the moment, backed by the upward trajectory of metal prices. The demand for non-ferrous metals is expected to be supported by the energy-transition trend, which will buoy the industry.We suggest keeping a close eye on companies like Southern Copper Corporation (SCCO) , Freeport-McMoRan Inc. (FCX) , Lundin Mining (LUNMF) , Ero Copper (ERO) and Centrus Energy (LEU) . These companies are strategically focused on building reserves, tec ...

One stock that might be an intriguing choice for investors right now is Ero Copper Corp (ERO) . This is because this security in the Mining - Non Ferrous space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Mining ...

VANCOUVER, British Columbia, April 11, 2024 (GLOBE NEWSWIRE) --  Ero Copper Corp. (TSX: ERO, NYSE: ERO) (the “Company”) will publish its first quarter 2024 operating and financial results on Tuesday, May 7, 2024 after market close. The Company will host a conference call to discuss the results on Wednesday, May 8, 2024 at 11:30am Eastern time (8:30am Pacific time). CONFERENCE CALL DETAILS Date: Wednesday, May 8, 2024 Time: 11:30am Eastern Time (8:30am Pacific Time) Dial In: Canada/USA Toll Free: 1-844-763-8 ...

VANCOUVER, British Columbia, April 11, 2024 (GLOBE NEWSWIRE) --  Ero Copper Corp. (TSX:ERO, NYSE:ERO) (the "Company") will publish its first quarter 2024 operating and financial results on Tuesday, May 7, 2024 after market close. The Company will host a conference call to discuss the results on Wednesday, May 8, 2024 at 11:30am Eastern time (8:30am Pacific time). CONFERENCE CALL DETAILS Date: Wednesday, May 8, 2024 Time: 11:30am Eastern Time (8:30am Pacific Time) Dial In: Canada/USA Toll Free: 1-844-763-827 ...