Ero Copper Reports Temporary Power Disruption at the Tucumã Operation Following Severe Windstorm

Ero Copper Corp. (TSX: ERO, NYSE: ERO) ("Ero" or the "Company") announces that its Tucumã Operation has experienced a temporary power disruption following a severe localized windstorm that occurred in the southwest region of the Carajás Mineral Province in Pará State, Brazil on October 5, 2024. The Company's workforce is safe, and there has been no damage to infrastructure at the Tucumã Operation.

The regional power grid, including the main 230kV transmission line servicing the region, sustained damage during the storm, resulting in a loss of power to more than 200,000 residents as well as major industrial users. Power has since been fully restored to residential communities and partially restored to industrial consumers. The owner and operator of the transmission line has advised that full power restoration to industrial consumers, including the Company's Tucumã Operation, is expected within two weeks.

The power disruption at Tucumã has impacted the milling, flotation and filtration circuits within the processing plant. Mining and crushing operations remain unaffected, with ore continuing to be placed on the run-of-mine and crushed ore stockpiles. The Company expects the primary impact will be on the ramp-up schedule of the processing plant, and in turn, full-year production results at the Tucumã Operation. While the extent of the impact will depend on the timing of full power restoration, Ero Copper remains well-positioned to manage this temporary disruption and will provide further updates as the situation develops.

ABOUT ERO COPPER CORP
Ero is a high-margin, high-growth, low carbon-intensity copper producer with operations in Brazil and corporate headquarters in Vancouver, B.C. The Company's primary asset is a 99.6% interest in the Brazilian copper mining company, Mineração Caraíba S.A. ("MCSA"), 100% owner of the Company's Caraíba Operations (formerly known as the MCSA Mining Complex), which are located in the Curaçá Valley, Bahia State, Brazil and include the Pilar and Vermelhos underground mines and the Surubim open pit mine, and the Tucumã Operation (formerly known as Boa Esperança), an open pit copper mine located in Pará, Brazil. The Company also owns 97.6% of NX Gold S.A. ("NX Gold") which owns the Xavantina Operations (formerly known as the NX Gold Mine), comprised of an operating gold and silver mine located in Mato Grosso, Brazil. Additional information on the Company and its operations, including technical reports on the Caraíba Operations, Xavantina Operations and Tucumã Operation, can be found on SEDAR+ ( www.sedarplus.ca/landingpage/) and on EDGAR ( www.sec.gov). The Company's shares are publicly traded on the Toronto Stock Exchange and the New York Stock Exchange under the symbol "ERO".

FOR MORE INFORMATION, PLEASE CONTACT
Courtney Lynn, SVP, Corporate Development, Investor Relations & Sustainability (604) 335-7504
info@erocopper.com

CAUTION REGARDING FORWARD LOOKING INFORMATION AND STATEMENTS

This press release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation (collectively, "forward-looking statements"). Forward-looking statements include statements that use forward-looking terminology such as "may", "could", "would", "will", "should", "intend", "target", "plan", "expect", "budget", "estimate", "forecast", "schedule", "anticipate", "believe", "continue", "potential", "view" or the negative or grammatical variation thereof or other variations thereof or comparable terminology. Forward-looking statements may include, but are not limited to, statements with respect to the expected restoration of power and the restart of the processing plant at the Tucumã Operation; the Company's ability to manage the impact of the power disruption to the commissioning timeline at the Tucumã Operation and to its full-year production results; and any other statement that may predict, forecast, indicate or imply future plans, intentions, levels of activity, results, performance or achievements.

Forward-looking statements are not a guarantee of future performance. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements involve statements about the future and are inherently uncertain, and the Company's actual results, achievements or other future events or conditions may differ materially from those reflected in the forward-looking statements due to a variety of risks, uncertainties and other factors, including, without limitation, those referred to herein and in the Company's most recent Annual Information Form under the heading "Risk Factors".

The Company's forward-looking statements are based on the assumptions, beliefs, expectations and opinions of management on the date the statements are made, many of which may be difficult to predict and beyond the Company's control. In connection with the forward-looking statements contained in this press release and in the AIF, the Company has made certain assumptions about, among other things: continued effectiveness of the measures taken by the Company to mitigate the possible impact of COVID-19 on its workforce and operations; favourable equity and debt capital markets; the ability to raise any necessary additional capital on reasonable terms to advance the production, development and exploration of the Company's properties and assets; future prices of copper, gold and other metal prices; the timing and results of exploration and drilling programs; the accuracy of any mineral reserve and mineral resource estimates; the geology of the Caraíba Operations, the Xavantina Operations and the Tucumã Project being as described in the respective technical report for each property; production costs; the accuracy of budgeted exploration, development and construction costs and expenditures; the price of other commodities such as fuel; future currency exchange rates and interest rates; operating conditions being favourable such that the Company is able to operate in a safe, efficient and effective manner; work force continuing to remain healthy in the face of prevailing epidemics, pandemics or other health risks (including COVID-19), political and regulatory stability; the receipt of governmental, regulatory and third party approvals, licenses and permits on favourable terms; obtaining required renewals for existing approvals, licenses and permits on favourable terms; requirements under applicable laws; sustained labour stability; stability in financial and capital goods markets; availability of equipment; positive relations with local groups and the Company's ability to meet its obligations under its agreements with such groups; and satisfying the terms and conditions of the Company's current loan arrangements. Although the Company believes that the assumptions inherent in forward-looking statements are reasonable as of the date of this press release, these assumptions are subject to significant business, social, economic, political, regulatory, competitive and other risks and uncertainties, contingencies and other factors that could cause actual actions, events, conditions, results, performance or achievements to be materially different from those projected in the forward-looking statements. The Company cautions that the foregoing list of assumptions is not exhaustive. Other events or circumstances could cause actual results to differ materially from those estimated or projected and expressed in, or implied by, the forward-looking statements contained in this press release. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Forward-looking statements contained herein are made as of the date of this press release and the Company disclaims any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or results or otherwise, except as and to the extent required by applicable securities laws.


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

ERO:CA
The Conversation (0)
Resource Investing

Resource Big News Roundup: Nevada Copper Files Pumpkin Hollow Open Pit Pre-Feasibility Study; Orsu Metals Announces a Maiden Inferred Mineral Resource at Its Sergeevskoe Gold Project in Russia; Blue Sky Uranium Files NI 43-101 Report for the First Preliminary Economic Assessment at Amarillo Grande

This week, the S&P/TSX Composite index (INDEXTSI:OSPTX) rose over the course of the week led by recent gains in the oil and gas industry. Canopy Growth Corp. (NYSE:CGC,TSX:WEED), Ero Copper Corp. (TSX:ERO) and Martinrea International Inc. (TSX:MRE) led the index in gains. On Thursday, the index rose 68.57 points to 16,612.81 at the end of the day. The S&P/TSX Venture Composite Index (INDEXTSI:JX), meanwhile, continued its trend from last week and steadily dropped.

In case you missed it, here is this week’s resource big news roundup:

Keep reading...Show less
Impact Minerals

Burrendong Minerals Limited IPO

Impact Minerals Limited (ASX:IPT) is pleased to announce that the Prospectus for an Initial Public Offering of Burrendong Minerals Limited (proposed ASX code: BIG) is now available at the following page on Impact’s InvestorHub:

https://impactminerals.com.au/burrendong-priority-offer and at https://www.burrendongminerals.com.au/

Keep reading...Show less
Vancouver with a push pin on map.

British Columbia Creates New Ministries for Energy and Mining

British Columbia (BC) has introduced two new ministries designed to focus on advancing its goals for clean energy and critical mineral development.

Premier David Eby announced on November 18 the restructuring of the former Ministry of Energy, Mines, and Low Carbon Innovation, which will now be split into the Ministry of Energy and Climate Solutions and the Ministry of Mining and Critical Minerals.

The changes reflect the province's commitment to addressing climate change and seizing opportunities in critical mineral production to support the global energy transition.

Keep reading...Show less
Many small beige wooden figures stand surrounding one red figure laying on its side.

Rio Tinto's Ongoing Fight Against Workplace Harassment

Rio Tinto's (ASX:RIO,NYSE:RIO,LSE:RIO) latest review on workplace culture has revealed an increase in reports of harassment and bullying across its global operations, highlighting challenges in the company’s ongoing efforts to implement cultural reforms.

The findings of the 2024 Everyday Respect report, part of a two-year external Progress Review led by former Australian Sex Discrimination Commissioner Elizabeth Broderick following the first Everyday Respect Report, draw attention to the broader complexities of achieving cultural change in a diverse and global organization.

The review incorporated extensive feedback, with over 11,600 contributions from employees and contractors globally. Broderick's team conducted surveys, listening sessions and site visits across Rio Tinto’s operations in countries such as Mongolia, Canada, the United States, New Zealand and Australia.

Keep reading...Show less
Impact Minerals

Impact Receives $512,000 from Research and Development Rebate

Impact Minerals Limited (ASX:IPT) is pleased to announce that it has received a rebate of $512,000 before costs from the Research and Development Tax Incentive scheme for the financial year ending June 2024.

Keep reading...Show less
Rimfire Pacific Mining Limited

Bald Hill Confirmed as a High-Grade Cobalt Opportunity

Rimfire Pacific Mining (ASX: RIM, “Rimfire” or “the Company”) is pleased to advise that all remaining drill assays have now been received for a step out diamond drilling program completed during the September 2024 Quarter at the 100% - owned Bald Hill Cobalt Copper Prospect which is located approximately 30 kilometres west of Broken Hill, NSW (Figure 1).

Keep reading...Show less
Map showing Québec, Canada.

Québec's Copper Resource Offers New Opportunities for Investment

As the global journey toward electrification and decarbonization continues to ramp up, Canada’s role as a geopolitically stable source of the key minerals enabling this transition is increasingly evident, driving the need for the development of new and sustainable copper supply across the country.

In 2022, Canadian mine production accounted for approximately 2.4 percent of the global total, which stood at around 22 million metric tons. BC currently leads the nation in copper production, followed by Ontario, which produced approximately 159,432 metric tons of copper in 2022.

Québec, Canada's second largest province, is emerging as a significant player in the global copper industry. With its rich geological formations and strategic location, Québec offers substantial opportunities for copper exploration and mining.

Keep reading...Show less

Latest Press Releases

Related News

×