Ero Copper Corp

Ero Copper Corp. reported second quarter 2026 revenue of $284.3 million, an 8% increase from the first quarter, driven by higher copper prices and gold sales volumes. Adjusted EBITDA rose to $144 million from $125.2 million in the prior quarter, while cash flow from operations increased approximately 49% to $137.9 million. Consolidated copper production was 17,315 tonnes, with C1 cash costs of $2.42 per pound, and gold production totaled 20,553 ounces. Net debt declined by $38 million to $452.7 million, reducing the leverage ratio to 0.8, and the company repaid an additional $25 million on its revolving credit facility in July, bringing 2026 repayments to $60 million. Management maintained full-year copper production guidance of 67,500 to 77,500 tonnes and increased capital expenditure guidance by $10 million to $285 million to $330 million for a new power line at Xavantina.

Ero Copper Corp. posted a higher profit for its second quarter, with earnings rising to $89.54 million, or $0.85 per share, from $70.55 million, or $0.68 per share, in the same period last year. Revenue surged 73.9% to $284.31 million from $163.51 million a year earlier.

Ero Copper Corp. reported new assay results from an additional 24,000 meters of drilling at its Furnas Copper-Gold Project in Brazil. The company has completed more than 75,000 meters of drilling through the end of May, with 10 drill rigs operating and the deposit still open to depth and along strike. Permitting, engineering, metallurgical, geotechnical, hydrogeological, and environmental workstreams are advancing toward a pre-feasibility study expected in 2027. The update strengthens Ero's long-term copper growth case amid rising demand from electrification, grid investment, and AI-related power needs.