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.