Quarterly ResultMay 4, 2026, 05:13 PM
Ero Copper Q1 Net Income $108.8M; Reaffirms 2026 Guidance
AI Summary
Ero Copper Corp. reported strong Q1 2026 operating and financial results, with net income attributable to owners reaching $108.8 million ($1.04 diluted EPS) and adjusted EBITDA of $125.2 million. The company achieved consolidated copper production of 17,287 tonnes and reduced net debt by $11.0 million to $490.7 million. Ero Copper reaffirmed its full-year 2026 production, operating cost, and capital expenditure guidance, anticipating second-half weighting for production increases and declining unit costs. Additionally, the company advanced its Furnas Copper-Gold Project, filing a Preliminary Economic Assessment with compelling economics.
Key Highlights
- Net income attributable to owners was $108.8 million ($1.04 diluted EPS) in Q1 2026.
- Adjusted EBITDA reached $125.2 million for the quarter.
- Consolidated copper production totaled 17,287 tonnes at C1 cash costs of $2.39/lb.
- Xavantina Operations produced 5,495 ounces of gold at C1 cash costs of $2,120/oz.
- Net debt decreased by $11.0 million from year-end 2025 to $490.7 million.
- Reaffirmed 2026 consolidated copper production guidance of 67,500 to 77,500 tonnes.
- Reaffirmed 2026 capital expenditure guidance of $275 to $320 million.
- Furnas Copper-Gold Project PEA outlines an after-tax NPV(8%) of $2.0 billion.
Price Impact
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