Ero Copper Announces 2024 Production Results, 2025 Guidance and Updated Three-Year Production Outlook

Core Viewpoint - Ero Copper Corp. reported significant achievements in 2024, including record copper production and operational advancements, while providing optimistic guidance for 2025 and a three-year production outlook [6][12][11]. 2024 Production Results - Consolidated copper production for 2024 reached 40,600 tonnes, with a record quarterly production of 12,883 tonnes in Q4 [6][8]. - The Caraíba Operations produced 35,444 tonnes of copper in concentrate, meeting revised production guidance [6][9]. - The Tucumã Operation produced 5,156 tonnes of copper in concentrate for the year, which was below the revised guidance [6][9]. - Gold production at the Xavantina Operations totaled 57,210 ounces, slightly below the increased guidance [6][9]. Amended Revolving Credit Facility - The company amended its senior secured revolving credit facility, increasing commitments from $150 million to$200 million and extending the maturity date to December 2028 [21][22]. 2025 Guidance - Copper production is expected to increase by approximately 85% to 110% year-on-year, reaching between 75,000 and 85,000 tonnes [12][15]. - The Xavantina Operations are projected to produce 50,000 to 60,000 ounces of gold at C1 cash costs between $650 and$800 per ounce [15][16]. Three-Year Production Outlook - Consolidated copper production is anticipated to reach between 85,000 and 95,000 tonnes in 2026 and 2027 [12][14]. - The Xavantina Operations are expected to sustain annual gold production levels of 50,000 to 60,000 ounces through 2027 [13][14]. Capital Expenditure Guidance - Capital expenditures for 2025 are projected to decrease to between $230 million and$270 million, primarily due to reduced spending at the Tucumã Operation [18][20]. - Significant investments at the Caraíba Operations are expected to support growth and infrastructure development [18][20]. Cost Guidance - C1 cash cost guidance for copper production is set between $1.55 and$1.80 per pound, with specific ranges for the Caraíba and Tucumã Operations [15][17]. - The all-in sustaining costs for gold production are expected to range from $1,400 to$1,600 per ounce [16][17].