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)
Tertiary Minerals plc (AIM: TYM)

Kobold to advance Konkola West Project Agreement to Stage 2

Tertiary Minerals plc (AIM: TYM) is pleased to announce that KoBold Metals Company ("KoBold") has successfully completed its Stage 1 Earn-In requirements on the Konkola West Copper Project ("Project") and has confirmed it will proceed to Stage 2 under the Earn-In Agreement ("Agreement") with... Keep Reading...
European Geen Transition

Option Agreement to Sell Pajala Copper Project

European Green Transition (AIM: EGT), a company seeking to acquire and transform revenue stage businesses supporting the green energy transition in Europe, announces that it has entered into an exclusive option agreement (the "Option") with Recovery Metals Cyprus Limited ("RMC") to sell its... Keep Reading...
Empire Metals

Empire Metals Limited Announces Placing to Raise £7 million

Empire Metals Limited (LON: EEE, OTCQX: EPMLF), the AIM-quoted and OTCQX-traded resource exploration and development company, is pleased to announce that is has raised gross proceeds of £7 million by way of a subscription of 17,500,000 new ordinary shares of no par value in the capital of the... Keep Reading...
Critical Minerals Resources

Agadir Melloul Drilling Update

Critical Mineral Resources is pleased to report excellent progress at the Agadir-Melloul drilling programme, with visible mineralisation in over 60% of drill holes completed to date.Assay results from the current programme will be announced in mid-November. The company continues to pursue the... Keep Reading...
Closeup of the end of many copper cylinders of varying sizes.

Top 5 ASX Copper Stocks of 2025

Copper has performed well in recent years, and prices for the red metal reached new record highs in July on US President Donald Trump's threats of 50 percent tariffs on copper imports.The outlook for copper is positive in the short term and there is plenty of optimism over the longer term.Many... Keep Reading...
Chessboard with U.S. and China flag-themed kings facing off.

Copper Prices Surge on US-China Deal Optimism, Tight Supply Adds to Rally

Copper prices edged closer to record highs this week, driven by renewed optimism over an impending trade accord between the US and China and concerns about tightening global supply as major producers face output disruptions.On the London Metal Exchange (LME), copper traded around US$11,029 a ton... Keep Reading...

Latest Press Releases

Related News