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Ero Copper has today (May 8) announced its financial results for the three months ended March 31, 2018.
Ero Copper (TSX:ERO) has today (May 8) announced its financial results for the three months ended March 31, 2018.
As highlighted in the press release:
First quarter copper production of 4,845 tonnes of copper,
First quarter C1 cash costs of US$1.63 per pound of copper produced;
Generated US$7.1 million in EBITDA during the three month period ended March 31, 2018;
Net loss attributable to owners of the Company of US$4.1 million (US$0.05 per share on a diluted basis) during the three month period ended March 31, 2018;
Ended the first quarter with cash position of US$29.3 million;
Reiterated full year production, capital and operating cost guidance for 2018.
As quoted in the press release, president and chief executive officer of Ero Copper David Strang said:
“Our operational results from the first quarter of 2018 were in line with our expectations. At the Pilar underground mine we were pleased to see quarter-on-quarter increases in production volumes and grade. Additionally, we made significant headway during the quarter on our programs to continue optimizing and improving production including the near-completion of a maintenance facility, fuel station and shotcrete batch plant in the lower levels of the mine.”
Click here to view the full Ero Copper Corp (TSX:ERO) press release.