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Ero Copper Posts Higher First-quarter Profit, Revenue; 2025 Outlook Reaffirmed
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Ero Copper Posts Higher First-quarter Profit, Revenue; 2025 Outlook Reaffirmed
May 26, 2025 1:37 AM

05:31 PM EDT, 05/05/2025 (MT Newswires) -- Ero Copper ( ERO ) after trade Monday said its first-quarter adjusted profit and revenue rose year-over-year.

The company said its adjusted profit, excluding most one-time items, rose to US$35.8 million, or US$0.35 per share, in the period, up from US$16.8 million, or US$0.16, in the year-prior quarter. FactSet expected US$0.22 per share.

Revenue rose to US$125.1 million from US$105.8 million. FactSet projected US$121.1 million.

The Brazil miner said quarterly copper production across all operations was 12,424 tonnes, driven by the ongoing commissioning and ramp-up of the Tucuma Operation. Gold production totaled 6,638 ounces, with an average C1 cash cost of $1,100 per ounce and an all-in sustaining cost of $2,228 per ounce.

The company added that it is reaffirming its 2025 production, operating cost, and capital expenditure guidance.

Ero shares closed down $0.14 to $17.53 on the Toronto Stock Exchange.

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