Ero Copper Reports Second Quarter Results

Ero Copper (TSX:ERO) has announced its financial results for the three and six months ended June 30, 2018.

As highlighted in the press release:

• Second quarter copper production of 5,684 tonnes of copper;
• Second quarter C1 cash costs of US$1.49 per pound of copper produced;
• Generated US$23.6 million in adjusted EBITDA during the three month period ended June 30, 2018;
• Cash flow from operations of US$22.7 million during the three month period ended June 30, 2018;
• Adjusted net income attributable to owners of the company of US$2.6 million, US$0.03 per share on a diluted basis during the three month period ended June 30, 2018;
• Ended the second quarter with cash position of US$19.3 million; and,
• Reiterated full year production, capital and operating cost guidance for 2018.

CEO of Ero Copper, David Strang said:

“Our operational results from the second quarter of 2018 continue to be in line with our expectations. Overall, we saw quarter-on-quarter increases in production volumes from both our Pilar underground and Surubim open pit operations. Continued effort on optimizing production including the completion of underground maintenance and support facilities in the lower levels of the Pilar mine resulted in an increase in productivity and improved our per tonne operating cost metrics from underground mining during the quarter.

Click here to read the full Ero Copper (TSX:ERO) press release.