Quarterly ResultAug 5, 2026, 05:07 PM
Ero Copper Q2 Adj. EBITDA $144M, Cash Flow $137.9M; Gold Production +170%
AI Summary
Ero Copper Corp. announced strong operating and financial results for Q2 2026, with significant quarter-on-quarter growth in cash flow and adjusted EBITDA. The company reported a 49% increase in cash flow from operations to $137.9 million and a 15% rise in adjusted EBITDA to $144.0 million. Gold production from Xavantina Operations surged by 170% to 20,553 ounces, while consolidated copper production reached 17,315 tonnes. Ero also reduced its net debt by $38.0 million to $452.7 million and reaffirmed its 2026 copper production and cost guidance, while updating gold cost and capital expenditure guidance.
Key Highlights
- Q2 Adjusted EBITDA was $144.0 million, a 15% increase quarter-on-quarter.
- Cash flow from operations reached $137.9 million, up approximately 49% from the previous quarter.
- Consolidated Q2 copper production totaled 17,315 tonnes in concentrate.
- Gold from Xavantina Operations increased 170% quarter-on-quarter, totaling 20,553 ounces.
- Net income attributable to owners was $89.5 million ($0.85 per diluted share).
- Net debt decreased by $38.0 million QoQ to $452.7 million, with a leverage ratio of 0.8x.
- 2026 capital expenditure guidance increased to $285-$330 million.
- Foreign exchange hedge program generated $12.7 million in realized gains in Q2 2026.
Price Impact
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