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Ero Copper Corp. (T:ERO)

Business Focus: Copper Ore Mining

Sector:  Basic Materials Industry:  Specialty Mining & Metals
See Regulatory Filings on SEDAR
Company Contact
Address: 625 Howe St Suite 1050
Tel: N/A
IR: See website
Key People
Christopher Noel Dunn
Executive Chairman of the Board
Michel Richard
Chief Geological Officer
Makko Aaron DeFilippo
David Maxwell Strang
Chief Executive Officer, Director
Wayne Drier
Chief Financial Officer
Anthea Ingrid Bath
Chief Operating Officer
Deepk Hundal
Senior Vice President, General Counsel, Corporate Secretary
Courtney R. B. Lynn
Vice President - Corporate Development and Investor Relations
Pablo Mejia
Vice President - Exploration
Michal Jan Romanowski
Vice President - Evaluations and Planning
Business Overview
Ero Copper Corp is a Canada-based base metals mining company. The Company's operations include The MCSA Mining Complex (MCSA), Boa Esperanca copper Project and the NX Gold Mining Complex. The MCSA is located in northeastern Bahia State, Brazil, which is approximately 385 kilometers north-northwest of the capital city of Salvador. The MCSA consists of integrated mining operations and processing facilities, including the Pilar and Vermelhos underground mines, and the Surubim open pit mine. The Boa Esperanca copper Project is located within the Carajas Mineral Province, southeastern Para State, Brazil, which is approximately 40 kilometers southwest of the town of Tucuma. The NX Gold Mining Complex is located in southeastern Mato Grosso State, Brazil, which is approximately 670 kilometers east of the capital city of Cuiaba. The NX Gold Mining Complex consists of fully integrated underground mining and processing facilities.
Financial Overview
For the six months ended 30 June 2022, Ero Copper Corp revenues decreased 8% to $223.8M. Net income decreased 34% to $75.9M. Revenues reflect MCSA segment decrease of 9% to $189.4M, NX GOLD segment decrease of 3% to $34.5M. Net income also reflects Interest on loans and borrowings increase from $3.2M to $10M (expense), Salaries and consulting fees increase of 32% to $10.9M (expense).
Employees: 2,745 as of Dec 31, 2021
Reporting Currency: U.S. Dollars
Enterprise value: $1,202M as of Jun 30, 2022
Annual revenue (TTM): $623.86M as of Jun 30, 2022
EBITDA (TTM): $364.55M as of Jun 30, 2022
Net annual income (TTM): $214.56M as of Jun 30, 2022
Free cash flow (TTM): $67.53M as of Jun 30, 2022
Net Debt Last Fiscal Year: N/A
Shares outstanding: 90,736,901 as of Aug 25, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization