Production And Cash FlowERO declared commercial production at Tucuma, which confirms the operation is ramping and will drive a step-change in ERO's copper production and free cash flow generation.
ProfitabilityTucuma has high grades and recoveries with a low strip ratio, making it a highly profitable mine at current copper prices.
ValuationThe stock is trading at a P/NAV of 0.76x, below its historical multiple, indicating a potential buying opportunity.