Ero Copper Corp. (TSX: ERO, NYSE: ERO) (“Ero” or the “Company”) is pleased to announce its operating and financial results for the three and nine months ended September 30, 2026.
asserted
Corp. → please → months
Management will host a conference call tomorrow, Tuesday, November 3, 2026, at 10:30 a.m. Eastern time to discuss the results.
asserted
Management → host → results
Dial-in details for the call can be found near the end of this press release.
asserted
details → dial → release
HIGHLIGHTS
- Consolidated quarterly copper production totaled 18,345 tonnes in concentrate, up 6% sequentially, at C1 cash costs(1) of $2.51 per pound produced.
asserted
production → total → pound
- Gold from the Xavantina Operations totaled 25,258 ounces, up 23% from the previous quarter on increased ounces recovered from historic gold concentrate stockpiles.
asserted
Gold → total → stockpiles
- Gold recovered from historic concentrate stockpiles increased 47% to a record of 17,414 ounces at C1 cash costs(1) and AISC(1) of $621 and $710 per ounce, respectively.
asserted
Gold → recover → ounce
- Mined gold production totaled 7,844 ounces at C1 cash costs(1) and AISC(1) of $1,892 and $3,607 per ounce, respectively.
asserted
production → total → ounce
- Consolidated quarterly copper production totaled 18,345 tonnes in concentrate, up 6% sequentially, at C1 cash costs(1) of $2.51 per pound produced.
asserted
production → total → pound
- Gold from the Xavantina Operations totaled 25,258 ounces, up 23% from the previous quarter on increased ounces recovered from historic gold concentrate stockpiles.
asserted
Gold → total → stockpiles
- Gold recovered from historic concentrate stockpiles increased 47% to a record of 17,414 ounces at C1 cash costs(1) and AISC(1) of $621 and $710 per ounce, respectively.
asserted
Gold → recover → ounce
- Mined gold production totaled 7,844 ounces at C1 cash costs(1) and AISC(1) of $1,892 and $3,607 per ounce, respectively.
asserted
production → total → ounce
- Net income attributable to the owners of the Company was $116.2 million, or $1.10 per diluted share, representing a 30% quarter-on-quarter increase.
asserted
income → represent → increase
- Adjusted net income attributable to the owners of the Company(1) increased 48% quarter-on-quarter to $129.3 million, or $1.22 per diluted share.
asserted
income → increase → share
- Consolidated quarterly copper production totaled 18,345 tonnes in concentrate, up 6% sequentially, at C1 cash costs(1) of $2.51 per pound produced.
asserted
production → total → pound
- Gold from the Xavantina Operations totaled 25,258 ounces, up 23% from the previous quarter on increased ounces recovered from historic gold concentrate stockpiles.
- Gold recovered from historic concentrate stockpiles increased 47% to a record of 17,414 ounces at C1 cash costs(1) and AISC(1) of $621 and $710 per ounce, respectively.
asserted
Gold → total → ounce
- Mined gold production totaled 7,844 ounces at C1 cash costs(1) and AISC(1) of $1,892 and $3,607 per ounce, respectively.
asserted
production → total → ounce
- Net income attributable to the owners of the Company was $116.2 million, or $1.10 per diluted share, representing a 30% quarter-on-quarter increase.
asserted
income → represent → increase
- Adjusted net income attributable to the owners of the Company(1) increased 48% quarter-on-quarter to $129.3 million, or $1.22 per diluted share.
asserted
income → increase → share
Accelerated deleveraging was supported by the Company’s strong cash flow generation, with approximately 97% of every dollar of cash available for deleveraging(2) applied toward debt reduction year-to-date.
asserted
% → support → date
The Company’s net debt leverage ratio improved to 0.5x at quarter-end from 1.2x at December 31, 2025.(3)
- Available liquidity(1) increased by $82.3 million quarter-on-quarter to $264.1 million, including $114.1 million in cash and cash equivalents and $150.0 million of undrawn availability under the Company’s senior secured revolving credit facility.
-
asserted
liquidity(1 → improve → facility
The Company’s foreign exchange hedge program generated realized gains of $10.4 million in Q3 and $30.3 million year-to-date, offsetting the cash impact of the stronger BRL.
asserted
program → generate → BRL
These gains are recognized separately and are not reflected in the Company’s reported unit operating costs.
asserted
gains → recognize → costs
Allocating the year-to-date realized gains across the Company’s operations on a pro rata basis would equate to estimated reductions of approximately $0.15 per pound on full-year consolidated copper C1 cash costs(1) and approximately $50 per ounce on Xavantina’s full-year C1 cash costs(1) and AISC(1).
asserted
Allocating → allocate → costs(1
- Consolidated copper production guidance remains unchanged at 67,500 to 77,500 tonnes, with Q4 expected to be the strongest production quarter of the year at both copper operations.
asserted
Q4 → remain → operations
- Consolidated copper C1 cash cost(1) guidance has been updated to $2.25 to $2.45 per pound produced, reflecting inflationary pressures associated with the ongoing U.S.-Iran conflict and a stronger BRL.
asserted
guidance → update → conflict
Allocating year-to-date realized foreign exchange hedge gains across the Company’s operations on a pro rata basis would reduce full-year C1 cash costs(1) by approximately $0.15 per pound to $2.10 to $2.30 per pound, in line with the Company’s original 2026 guidance.
asserted
Allocating → allocate → guidance
- Total gold from Xavantina is expected to be 75,000 to 80,000 ounces, comprising approximately 45,000 ounces recovered from historic concentrate stockpiles and 30,000 to 35,000 ounces of mined production.
asserted
gold → expect → production
Q4 mined production is expected to benefit from higher mining rates and grades following the acceleration of underground development during Q3.
asserted
production → mine → Q3
- Xavantina C1 cash cost(1) and AISC(1) guidance for mined gold production has been updated to $1,650 to $1,800 per ounce and $3,300 to $3,600 per ounce, respectively.
asserted
guidance → mine → ounce
Allocating year-to-date realized foreign exchange hedge gains across the Company’s operations on a pro rata basis would reduce these ranges by approximately $50 per ounce to $1,600 to $1,750 and $3,250 to $3,550 per ounce, respectively.
asserted
Allocating → allocate → ounce
- Capital expenditure guidance remains unchanged at $285 to $330 million.
asserted
guidance → remain → million
- Consolidated quarterly copper production totaled 18,345 tonnes in concentrate, up 6% sequentially, at C1 cash costs(1) of $2.51 per pound produced.
asserted
production → total → pound
- Gold from the Xavantina Operations totaled 25,258 ounces, up 23% from the previous quarter on increased ounces recovered from historic gold concentrate stockpiles.
asserted
Gold → total → stockpiles
- Gold recovered from historic concentrate stockpiles increased 47% to a record of 17,414 ounces at C1 cash costs(1) and AISC(1) of $621 and $710 per ounce, respectively.
asserted
Gold → recover → ounce
- Mined gold production totaled 7,844 ounces at C1 cash costs(1) and AISC(1) of $1,892 and $3,607 per ounce, respectively.
asserted
production → total → ounce
- Net income attributable to the owners of the Company was $116.2 million, or $1.10 per diluted share, representing a 30% quarter-on-quarter increase.
asserted
income → represent → increase
- Adjusted net income attributable to the owners of the Company(1) increased 48% quarter-on-quarter to $129.3 million, or $1.22 per diluted share.
asserted
income → increase → share
Accelerated deleveraging was supported by the Company’s strong cash flow generation, with approximately 97% of every dollar of cash available for deleveraging(2) applied toward debt reduction year-to-date.
asserted
% → support → date
The Company’s net debt leverage ratio improved to 0.5x at quarter-end from 1.2x at December 31, 2025.(3)
- Available liquidity(1) increased by $82.3 million quarter-on-quarter to $264.1 million, including $114.1 million in cash and cash equivalents and $150.0 million of undrawn availability under the Company’s senior secured revolving credit facility.
asserted
liquidity(1 → improve → facility
The Company’s foreign exchange hedge program generated realized gains of $10.4 million in Q3 and $30.3 million year-to-date, offsetting the cash impact of the stronger BRL.
asserted
program → generate → BRL
…and 121 more, not listed.
The Aporia
