Ero Copper Announces Record Quarterly Production and Strong Financial Position
VANCOUVER, British Columbia – Ero Copper Corp., a prominent mining company listed on the TSX and NYSE under the symbol ERO, has released its fourth quarter and full-year 2025 results, showcasing significant operational achievements and robust financial health. The company reported record-breaking production figures and outlined an optimistic outlook for the coming years, positioning itself for substantial growth.
Record-Breaking Q4 and Full-Year 2025 Performance
In the fourth quarter of 2025, Ero Copper achieved remarkable production milestones. Copper output reached 19,706 tonnes, while gold production hit 13,837 ounces. These figures represent impressive improvements of nearly 60% for copper and over 100% for gold compared to the first quarter of the year, driven by successful optimization initiatives across the company's operations.
Additionally, the company sold 14,999 ounces of gold in concentrates from its Xavantina Operations during Q4. This initiative, part of a year-long value-creation strategy, is expected to continue enhancing gold production through mid-2027, providing a steady revenue stream.
For the full year 2025, consolidated copper production totaled 64,307 tonnes, with gold production and concentrate sales combined reaching 52,290 ounces. This strong performance contributed to a quarter-on-quarter liquidity increase of nearly $40 million, resulting in year-end liquidity of approximately $150 million. This liquidity includes about $105 million in cash and cash equivalents, along with $45 million in undrawn credit availability, though these figures are preliminary pending audited results scheduled for March 5, 2026.
Exploration and Development Progress
Ero Copper made significant strides in exploration during 2025, completing nearly 50,000 meters of drilling at the Furnas Copper-Gold Project. The company anticipates releasing the first preliminary economic assessment for Furnas in the first half of 2026. Plans for 2026 include an additional 50,000 meters of exploration drilling to support accelerated engineering studies, underscoring the company's commitment to expanding its resource base.
2026 Guidance and Future Outlook
Looking ahead, Ero Copper has set ambitious targets for 2026. Consolidated copper production is projected to range between 67,500 and 77,500 tonnes, representing an increase of up to 20% compared to 2025. This guidance reflects higher sustained plant throughput and lower planned grades at the Caraíba and Tucumã operations. Consolidated C1 cash costs are expected to be between $2.15 and $2.35 per pound of copper produced.
At the Xavantina Operations, gold production from mine operations is forecasted to total 40,000 to 50,000 ounces, an increase of up to 34% from 2025. C1 cash costs are estimated at $1,000 to $1,250 per ounce, with all-in sustaining costs ranging from $2,000 to $2,500 per ounce. The continued sale of gold concentrates, which began in Q4 2025, is expected to significantly bolster gold sales through mid-2027.
Capital expenditures across the company's portfolio are planned to range from $245 to $280 million. This includes investments in mine ventilation, development, and equipment at Xavantina, as well as approximately $80 million for the ongoing construction of the Pilar Mine's new shaft and ancillary infrastructure at the Caraíba Operations. An additional $30 to $40 million is allocated for advancing Furnas exploration, engineering, permitting, and other exploration opportunities.
Ero Copper's strong performance in 2025, coupled with its strategic plans for 2026 and beyond, highlights the company's resilience and growth potential in the competitive mining sector. With record production, enhanced liquidity, and a clear roadmap for expansion, Ero Copper is well-positioned to capitalize on future opportunities and deliver value to its stakeholders.
