Ero Copper Reports First Quarter Results

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.