Ero Copper Corp. Reports Operating and Financial Results for Q4 and Full Year 2024
VANCOUVER, British Columbia, March 06, 2025 – Ero Copper Corp. (TSX: ERO, NYSE: ERO) (“Ero” or the “Company”), a leading copper and gold mining company, is delighted to share its operating and financial results for the three and twelve months ended December 31, 2024. The Company’s comprehensive report highlights significant achievements in production, sales, and financial performance.
Financial Highlights
During the fourth quarter of 2024, Ero Copper reported total revenue of $343.6 million, a 22% increase compared to the same period in 2023. The Company’s net income for Q4 2024 reached $113.4 million, representing a 136% increase from the same period the previous year. For the full year 2024, Ero Copper generated a total revenue of $1.1 billion, a 21% increase year-over-year, and reported a net income of $273.4 million.
Operational Highlights
Ero Copper’s production for copper in 2024 was 111,138 tonnes, a 20% increase compared to 2023. The Company also produced 48,460 ounces of gold, representing a 14% increase year-over-year. The higher production was mainly due to the successful implementation of the Company’s expansion projects and improved operational efficiency.
Conference Call
Management will present the details of these results in a conference call tomorrow, March 7, 2025, at 11:30 a.m. ET. Interested investors and stakeholders are invited to participate in the call by dialing the following numbers:
- North America: (888) 231-8191
- International: (647) 427-7450
A replay of the call will be available approximately one hour after its completion and can be accessed by dialing (800) 585-8367 or (416) 621-4642 and entering access code 9851375.
Impact on Individuals
Ero Copper’s strong financial performance and increased production can lead to several positive impacts for individuals. The company’s success may result in:
- Higher dividends for shareholders
- Increased employment opportunities in British Columbia and Brazil, where Ero Copper operates
- A stronger economy in the regions where the company is present
Impact on the World
The mining industry plays a crucial role in the global economy, contributing to the production of essential metals such as copper. Ero Copper’s strong financial results and increased production can have the following effects on the world:
- A stable supply of copper, an essential metal for various industries, including construction, electronics, and transportation
- Reduced dependence on imported copper, which can help countries reduce their trade deficits
- Increased investment in mining projects, leading to economic growth and job creation
Conclusion
Ero Copper Corp.’s impressive financial results for the fourth quarter and full year 2024 demonstrate the company’s successful execution of its growth strategy. The increased production and revenue can lead to positive impacts for individuals and the world. With the successful implementation of expansion projects and improved operational efficiency, Ero Copper is well-positioned to continue its strong performance in 2025 and beyond.
For more information about Ero Copper Corp. and its operations, please visit the company’s website at www.erocopper.com.
