The following is a summary of the Ero Copper Corp. (ERO) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Ero Copper reported a Q1 cash flow from operations at $17.2 million and adjusted EBITDA of $43.3 million.

• The Xavantina Operations produced 18,234 ounces of gold during Q1, increasing 47% from Q1 2023, with C1 cash costs averaging $395 per ounce and all-in sustaining costs averaging $797 per ounce.

• Copper production at the Caraiba Operations reached 8,091 tons with copper C1 cash costs averaging $2.30 per pound.

• Ero Copper reaffirms its 2024 gold production guidance between 60,000 to 65,000 ounces, anticipating lower than projected gold C1 cash cost and all-in sustaining cost guidance.

Business Progress:

• Tucuma project is 97% complete, with production expected to commence in early Q3 2024, reaching 80% of its capacity by the end of Q3.

• At the Caraiba Operations, progress was made at the new external shaft, anticipated to reach over 1.5 kilometers depth by the end of 2026.

• Ero Copper expects record gold production at Xavantina Operations and is finalizing a definitive agreement with Vale for the Furnas project.

• Operational milestones include the completion of shafts at the Pilar Mine and transitioning the Tucuma project from the construction stage to operations.

More details: Ero Copper IR

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