08:10 AM EST, 12/03/2024 (MT Newswires) -- Ero Copper ( ERO ) reported on Tuesday an increase in reserves and resources at the Xavantina operations in Brazil.

Ero said proven and probable mineral reserves rose 19% compared to the 2023 estimate, while measured and indicated resources rose 26%.

"Our ongoing exploration program at the Xavantina operations continues to deliver exceptional results," CEO David Strang said.

The project now hosts proven and probable reserves of 459,200 ounces of gold contained within 1.5 million tonnes of ore grading 9.71 grams per tonne (g/t) of gold.

Measured and indicated resources stood at 597,800 ounces of gold contained within 1.7 million tonnes of ore grading 10.99 g/t gold.

"The successful completion of our NX 60 Initiative in 2023, highlighted by first production from the Matinha Vein, was a major milestone, positioning Xavantina to sustain annual production of approximately 55,000 to 60,000 ounces in the years ahead," Strang said.