ERC 2023 MERO Tucumã Project, Carajás Mineral Province, Pará State, Brazil (January 2024) Remains subject to negotiation and ex please see its press release dated October 30, 20 Execution of Growth Strategy In This Report Ero Copper Annual Report 2023 Operating Highlights Our Portfolio 2 3 2023 Highlights 4 Letter from the CEO 7 Management's Discussion & Analysis Consolidated Financial Statements 44 Our Portfolio Caraiba Operations Location: Bahia, Brazil Ownership: 99.6% Stage: Operating 2023 Copper Produc ...

Financial Data and Key Metrics Changes - The company reported a consolidated cash flow from operations of $163 million for 2023, reflecting a $20 million year-on-year increase [22] - Adjusted net income attributable to the owners of the company for the fourth quarter and full year were $20.7 million and $82.8 million, respectively, or $0.21 and $0.87 per share on a diluted basis [35] - The year-end liquidity position was $262 million, supported by a bought-deal equity financing that generated net proceeds of approximately $104 million [23] Business Line Data and Key Metrics Changes - At the Caraiba operations, processed 3.2 million tonnes of ore during the year, a 13% increase compared to 2022, with full year copper production of 43,857 tonnes [24] - Xavantina operations achieved record gold production of 59,222 ounces for the year, with C1 cash costs and all-in sustaining costs of $422 and $957 per ounce, respectively [26] - The company anticipates reaching commercial production at the Tucuma project by the end of the third quarter, with a total capital estimate of approximately $310 million [15] Market Data and Key Metrics Changes - The copper market outlook has improved, indicating supply deficits in 2024 and 2025, which has positively influenced copper prices and treatment charges [8] - The company has proactively secured smelting terms for the majority of its concentrate production through the end of 2025 [8] Company Strategy and Development Direction - The company aims to double copper production to approximately 100,000 tonnes by 2025 and has made significant progress on organic growth initiatives [20] - The focus remains on executing growth strategies, particularly at the Xavantina operations, while navigating macroeconomic challenges [34] - The partnership with Vale Base Metals on the Furnas project is progressing, with plans to start drilling in the second half of the year [46] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the operational leadership and local workforce training through partnerships with organizations like SENAI [39] - The company is optimistic about the ongoing favorable grade reconciliations at the Matinha vein, which may enhance production expectations [42] - Management acknowledged the challenges posed by copper price volatility and a stronger Brazilian Real but emphasized the effectiveness of their risk mitigation measures [34] Other Important Information - The company has updated its C1 cash cost calculation methodology, which reflects changes in copper concentrate sales channels [9] - The company completed the integration of the expansion circuit at the Caraiba mill, achieving design capacity of over 12,600 tonnes per day [16] Q&A Session Summary Question: Clarification on labor costs related to the 60% workforce hiring - The 60% figure refers to the contracted workforce for operational support, with the main focus on hiring operational leadership [31][32] Question: Development work at Xavantina and expected production from veins - The company continues to see favorable grade reconciliations, particularly in the Matinha vein, with guidance based on long-term block model grades [41][42] Question: Clarification on the Furnas exploration budget - The $6 million budget covers initial leg work for the project, with drilling expected to start in the second half of the year [40][46] Question: Nickel exploration status - The company is focused on identifying prospective areas for higher-grade nickel mineralization and continues to evaluate its exploration efforts [59][60]

Ero Copper (ERO) reported fourth-quarter 2023 adjusted earnings per share of 21 cents, which missed the Zacks Consensus Estimate of 23 cents. The bottom line declined 13% year over year.Including one-time items, ERO reported earnings of 37 cents per share in the fourth quarter of 2023 compared with 24 cents in the fourth quarter of 2022.Ero Copper’s revenues were $116 million in the quarter under review, flat compared with the year-ago quarter. The top line surpassed the Zacks Consensus Estimate of $104 mil ...

(all amounts in US dollars, unless otherwise noted) VANCOUVER, British Columbia, March 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 and twelve months ended December 31, 2023. Management will host a conference call tomorrow, Friday, March 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 Fourth ...

Investors are always looking for stocks that are poised to beat at earnings season and Ero Copper Corp. (ERO) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Ero Copper is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good in ...

Ero Copper Corp. (ERO) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on March ...

VANCOUVER, British Columbia, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX:ERO, NYSE:ERO) (the "Company") will publish its fourth quarter and full year 2023 operating and financial results on Thursday, March 7, 2024 after market close. The Company will host a conference call to discuss the results on Friday, March 8, 2024 at 11:30am Eastern time (8:30am Pacific time). CONFERENCE CALL DETAILS Date:Friday, March 8, 2024Time:11:30am Eastern Time (8:30am Pacific Time)Dial In:North America: 1-800-319-4 ...

Financial Data and Key Metrics Changes - Adjusted EBITDA for Q3 was $42.9 million, with adjusted net income attributable to owners at $17.3 million or $0.18 per share on a diluted basis [26] - Operating cash flows were $41.9 million, funding capital expenditures of $121.4 million, resulting in a strong liquidity position of approximately $238 million [71] Business Line Data and Key Metrics Changes - At Caraiba operations, copper production was 10,766 tonnes, with C1 cash costs at $1.82 per pound [42] - Xavantina operations saw a record gold production of 17,579 ounces at C1 cash costs of $371 per ounce, leading to an increase in 2023 gold production guidance from 50,000-53,000 ounces to 55,000-59,000 ounces [43] Market Data and Key Metrics Changes - The Brazilian real strengthened against the US dollar, averaging BRL4.88 in Q3, impacting cash costs and overall financial performance [40][25] - The company remains hedged on approximately 75% of copper production for the remainder of the year through a zero-cost collar hedge program [34] Company Strategy and Development Direction - The company is focused on long-term value creation through growth initiatives, including the Tucuma project, which is over 70% physically complete [41][46] - A binding term sheet was executed to earn a 60% interest in Vale Base Metals Furnas copper project, indicating a strategic partnership for future growth [24][55] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the operational performance despite macroeconomic challenges, emphasizing the importance of scenario analysis for risk management [67] - The company is taking a conservative approach regarding guidance for the Tucuma project, maintaining a focus on timely delivery and operational readiness [78][79] Other Important Information - The total direct project capital estimate for the Tucuma project remains unchanged at approximately $305 million, with various cost offsets identified [30][82] - The company is actively exploring additional opportunities in the Western Carajas region, indicating potential for future growth [63] Q&A Session Summary Question: Update on PMA smelter and domestic vs international sales - No sales were made to PMA during the quarter due to maintenance issues, but potential opportunities for future sales are being explored [15] Question: Working capital needs related to Tucuma - Management does not anticipate a significant change in working capital drawdown due to various levers being explored [16] Question: Details on the Furnas project - The project represents a significant growth opportunity, with over 240 drill holes completed, and discussions with Vale are ongoing [54][100] Question: Liquidity concerns with copper prices - Management is comfortable with current liquidity but is continuously evaluating scenarios to mitigate risks [66] Question: Exploration updates at Caraiba - Exploration programs are ongoing, with positive results expected, but timelines for updates on nickel exploration may be delayed [86]

David Strang - Co-founder & Chief Executive Officer Makko DeFilippo - President & Chief Operating Officer Wayne Drier - Chief Financial Officer Conference Call Participants Dalton Baretto - Canaccord Genuity Orest Wowkodaw - Scotiabank Gordon Lawson - Paradigm Capital Stefan Ioannou - Cormark Securities Jackie Przybylowski - BMO Capital Markets Operator Thank you for standing by. This is the conference operator. Welcome to the Ero Copper Second Quarter 2023 Financial and Operating Results Conference Call. A ...

Company Participants David Strang – CEO Wayne Drier – CFO Gordon Lawson - Paradigm Capital Orest Wowkodaw - Scotiabank Operator Courtney Lynn We will be making forward-looking statements that involve risks and uncertainties from which actual results may differ materially. We would refer you to our most recent annual information form available on our website, SEDAR and EDGAR, for a discussion of the risk factors of our business and their potential impact on future performance. As a reminder, unless otherwise ...