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Ero Copper (TSE:ERO)
TSX:ERO
Earnings Data
Report Date
Jul 31, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.67Last Year’s EPS
0.18Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 05, 2025
|% Change Since: 4.45%
|Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong financial performance and progress toward achieving commercial production at Tucuma, alongside robust liquidity. However, challenges in copper production at Caraiba and a decrease in gold production at Xavantina were notable lowlights.Company Guidance
During the first quarter of 2025, Ero Copper focused on achieving its near-term strategic objectives, including commercial production at Tucuma, deleveraging the balance sheet, advancing long-term growth initiatives, and initiating shareholder returns. The company experienced significant progress at Tucuma, with March accounting for over half of the quarter's plant throughput and copper production. Adjusted EBITDA for the quarter was $65.4 million, with adjusted net income attributable to owners of $35.8 million or $0.35 per share, supported by stronger metal prices and the growing contribution from Tucuma. The company ended the quarter with $116 million in liquidity, having increased its credit facility to $200 million and drawn $25 million from its copper prepayment facility. Ero Copper also executed a $50 million extension of its stream agreement with Royal Gold to support capital investments, and it entered into zero-cost copper collars to hedge 3,000 tons per month at a floor of $4 per pound.Tucuma Operational Progress
Tucuma's commercial production is on track to be achieved soon, with March accounting for more than half of the total plant throughput and copper production during the first quarter. Throughput volumes are expected to increase steadily.
Liquidity Position
Ero Copper ended the quarter with a solid liquidity position of $116 million, supported by several actions to strengthen the balance sheet and support long-term growth.
Strong Financial Performance
The quarter saw an adjusted EBITDA of $65.4 million and adjusted net income attributable to owners of the company of $35.8 million or $0.35 per share.
Exploration and Growth Initiatives
Aggressive advancement of long-term growth initiatives, particularly at the Furnas site with eight drill rigs operating and a Phase 1 drill program expected to be completed in the third quarter.
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TSE:ERO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:ERO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2025 | C$17.53 | C$19.46 | +11.01% |
Mar 06, 2025 | C$17.71 | C$17.70 | -0.06% |
Nov 05, 2024 | C$25.77 | C$23.79 | -7.68% |
Aug 01, 2024 | C$25.96 | C$26.38 | +1.62% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ero Copper (TSE:ERO) report earnings?
Ero Copper (TSE:ERO) is schdueled to report earning on Jul 31, 2025, TBA Not Confirmed.
What is Ero Copper (TSE:ERO) earnings time?
Ero Copper (TSE:ERO) earnings time is at Jul 31, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:ERO EPS forecast?
TSE:ERO EPS forecast for the fiscal quarter 2025 (Q2) is 0.67.
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