07:46 AM EDT, 06/12/2024 (MT Newswires) -- Ero Copper ( ERO ) said Wednesday it has received the operational license for the Tucuma Project from the environmental agency of Para State, Brazil.

The company said it expects the first copper concentrate from the project early in Q3 this year, as 99% of construction has been completed and more than 90% of operational staff has been hired and trained.

Ero said the total direct capital cost estimate for project completion remains unchanged at about $310 million.