Quarterly ResultAug 5, 2026, 05:14 PM
Ero Copper Q2 Net Income $89.5M; Gold Production +170%; Strong Cash Flow
AI Summary
Ero Copper reported strong Q2 2026 results with net income of $89.5 million ($0.85 diluted EPS) and adjusted EBITDA of $144.0 million, driven by robust copper and gold production. Consolidated copper output reached 17,315 tonnes, while Xavantina gold production surged 170% quarter-on-quarter to 20,553 ounces. The company generated $137.9 million in cash flow from operations and reduced net debt, while maintaining copper production guidance and updating gold cost and capital expenditure guidance.
Key Highlights
- Q2 2026 net income attributable to owners was $89.5 million ($0.85 diluted EPS).
- Adjusted EBITDA increased 15% quarter-on-quarter to $144.0 million.
- Consolidated copper production totaled 17,315 tonnes at C1 cash costs of $2.42 per pound.
- Xavantina gold production surged 170% quarter-on-quarter to 20,553 ounces.
- Cash flow from operations rose 49% quarter-on-quarter to $137.9 million.
- Available liquidity increased to $181.7 million; net debt reduced to $452.7 million.
- Full-year capital expenditure guidance increased to $285-$330 million.
- FX hedge program generated $12.7 million in realized gains in Q2 2026.
Price Impact
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