- Business
- Ero Copper Corp. Ero Copper Corp. is a high-margin copper producer focused on the exploration, development, and production of copper mining projects in Brazil. The company owns a 99.6% interest in Mineração Caraíba S.A. (MCSA), which operates the Caraíba Operations in the Curaçá Valley of Bahia State, including the high-grade Pilar and Vermelhos underground mines and the Surubim open-pit mine; produces copper concentrates from the Tucumã Operation, an open-pit mine in Pará State; and holds a 97.6% interest in NX Gold S.A., owner of the Xavantina Operations, a gold and silver mine in Mato Grosso State. Incorporated in 2016 and headquartered in Vancouver, British Columbia, Ero Copper Corp. targets base metals production, primarily copper, with gold and silver as by-products, serving global markets through concentrate sales.
Recent developments include achieving first saleable copper concentrate from Tucumã in July 2024 and commercial production in H1 2025; executing a definitive earn-in agreement with Vale Base Metals in July 2024 for a 60% interest in the Furnas Copper-Gold Project in Pará State's Carajás Mineral Province; amending its revolving credit facility post-2024 to increase commitments from $150 million to $200 million and extend maturity to December 2028; extending precious metals purchase arrangements with Royal Gold by $50 million at Xavantina in March 2025; and issuing 2025 guidance for consolidated copper production of 75,000-85,000 tonnes, up 85-110% year-over-year. These initiatives support a three-year outlook projecting 85,000-95,000 tonnes of annual copper production in 2026-2027, driven by Tucumã ramp-up, Pilar Mine external shaft construction, and Furnas advancement.