Earnings MissEro Copper reported 4Q24 results and EBITDA of US$59.1mn, missing estimates by 13% and were 12% below Bloomberg consensus.
Operating MissERO had a slight operating miss in Q1/25 with copper production of 12.4kt below our 13.2kt and cash costs of $2.22/lb above our $1.94/lb.
Production IssuesQ2 production missed expectations as ERO produced 6.4kt copper, below the consensus of 9.2kt, due to repairs and modifications to the process plant.