Ero Copper announces closing of streaming agreement with RGLD Gold AG on the NX Gold Mine

Ero Copper Corp. (TSX: ERO, NYSE: ERO) ("Ero" or the "Company") is pleased to announce that it has closed the previously announced Precious Metals Purchase Agreement (the "NX Gold Stream") with RGLD Gold AG ("RG AG"), a wholly owned subsidiary of Royal Gold, Inc. The Company has received total upfront cash consideration of US$100 million from RG AG in exchange for 25% of gold produced from the NX Gold Mine until 93,000 ounces of gold have been delivered, decreasing to 10% of gold produced over the remaining life of mine. RG AG will make ongoing payments equal to 20% of the prevailing spot gold price for each ounce of gold delivered until 49,000 ounces of gold have been received, after which it will pay 40% of the prevailing spot gold price for each ounce of gold delivered.

Full details of the transaction can be found in the Company's press release dated June 30, 2021.

ABOUT ERO COPPER CORP

Ero Copper Corp, headquartered in Vancouver, B.C., is focused on copper production growth from the MCSA Mining Complex located in Bahia State, Brazil, with over 40 years of operating history in the region. The Company's primary asset is a 99.6% interest in the Brazilian copper mining company, MCSA, 100% owner of the MCSA Mining Complex, which is comprised of operations located in the Curaçá Valley, Bahia State, Brazil, wherein the Company currently mines copper ore from the Pilar and Vermelhos underground mines, and the Boa Esperança development project, an IOCG-type copper project located in Pará, Brazil. The Company also owns 97.6% of the NX Gold Mine, an operating gold and silver mine located in Mato Grosso, Brazil. Additional information on the Company and its operations, including technical reports on the MCSA Mining Complex, Boa Esperança and NX Gold properties, can be found on the Company's website (www.erocopper.com), on SEDAR (www.sedar.com) and on EDGAR (www.sec.gov).

ERO COPPER CORP.

Signed: "David Strang" For further information contact:
David Strang, CEO Courtney Lynn, VP, Corporate Development & Investor Relations
(604) 335-7504
info@erocopper.com


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

The Conversation (0)
Map with red pin over Regina, Saskatchewan.

Eldorado Gold Begins Copper Production at McIlvenna Bay

Less than two months after closing its acquisition of Foran Mining, Eldorado Gold (TSX:ELD,NYSE:EGO) has produced its first copper concentrate at the McIlvenna Bay project in Saskatchewan, Canada.The Vancouver-based miner announced on Monday (June 8) that it has successfully moved through wet... Keep Reading...
Rows of copper bars with text that reads "5 Top Canadian Mining Stocks This Week."

Top 5 Canadian Mining Stocks This Week: Tintina Mines Soars 200 Percent

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian news impacting the resource sector.Statistics Canada released May’s Labor Force Survey on Friday (June 5). The data shows that the... Keep Reading...
Nine Mile Metals Commences Trading on the OTCID Market, Expanding Access for U.S. Investors

Nine Mile Metals Commences Trading on the OTCID Market, Expanding Access for U.S. Investors

Nine Mile Metals LTD. (CSE: NINE,OTC:VMSXF) (OTCID: VMSXF) (FSE: KQ9) (the "Company" or "Nine Mile"), is pleased to announce that its common shares have commenced trading on the OTCIDâ„¢ Basic Market, a regulated U.S. platform operated by OTC Markets Group Inc., effective May 27th, 2026, under the... Keep Reading...
Wooden blocks spelling "tariffs" rest on a map displaying the US in pink.

Trump Revamps Metals Tariffs to Give Relief to US Manufacturing and Agriculture

US President Donald Trump has signed a proclamation lowering duties on agricultural and industrial machinery, while expanding the tariff net to cover new industrial components.The adjustments, which take effect on June 8, reduce tariffs on agricultural equipment and residential HVAC systems to... Keep Reading...
Panama flag.

Panama to Publish Final Cobre Panama Audit Ahead of June Decision

Panama will publish the final independent audit of First Quantum Minerals' (TSX:FM,OTCPL:FQVLF) shuttered Cobre Panama copper mine on Friday (May 29) amid a resurgence of local anti-mining protests.Commerce and Industries Minister Julio Moltó stated that President José Raúl Mulino will determine... Keep Reading...
The flag of Chile with blue, white, red colors and a star waves against a clear blue sky.

Codelco Eyes US$2 Billion Overhaul of Northern Copper Mines

Chile’s Codelco is seeking a US$2 billion financial lifeline by structurally merging three of its largest northern copper mines, sources familiar with the matter told Bloomberg.According to the sources, management recently pitched Codelco’s board on a four-year plan to deeply integrate the... Keep Reading...

Interactive Chart

Latest Press Releases

Related News