Quarterly ResultMay 4, 2026, 05:07 PM
Ero Copper Q1 Net Income $108.8M, Copper Production 17,287 Tonnes
AI Summary
Ero Copper reported Q1 2026 operating and financial results, with consolidated copper production of 17,287 tonnes and net income attributable to owners of $108.8 million ($1.04 per diluted share). Adjusted net income was $72.4 million ($0.69 per diluted share), and Adjusted EBITDA reached $125.2 million. The company significantly reduced net debt by $11.0 million from year-end 2025 to $490.7 million, lowering its net leverage ratio to approximately 1.0x. Ero Copper reaffirmed its full-year 2026 production, operating cost, and capital expenditure guidance, expecting H2 weighting for production across its operations.
Key Highlights
- Net income attributable to owners was $108.8 million ($1.04 per diluted share).
- Adjusted net income attributable to owners was $72.4 million ($0.69 per diluted share).
- Consolidated Q1 copper production totaled 17,287 tonnes at C1 cash costs of $2.39 per pound.
- Quarterly gold production was 5,495 ounces at C1 cash costs of $2,120 per ounce.
- Adjusted EBITDA reached $125.2 million for the quarter.
- Net debt was $490.7 million, a reduction of $11.0 million from year-end 2025.
- Net leverage ratio reduced to approximately 1.0x at quarter-end.
- Available liquidity was $146.2 million, including $91.2 million in cash.