Ero Copper Reports First Quarter Operating and Financial Results [Yahoo! Finance]
Bank Of Montreal (BMO)
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Source: Yahoo! Finance
Corp. (TSX: ERO, NYSE: ERO) (“Ero” or the “Company”) is pleased to announce its operating and financial results for the three months ended March 31, 2024. Management will host a conference call tomorrow, Wednesday, May 8, 2024, at 11:30 a.m. eastern time to discuss the results. Dial-in details for the call can be found near the end of this press release. HIGHLIGHTS The Tucumã Project is expected to achieve first copper concentrate production in early Q3 2024, marking a major inflection point for the Company Overall physical completion of approximately 97% Commissioning progressing ahead of schedule with major mechanical and sub- component commissioning completed during the quarter, as well as first ore through the crushing circuit and main conveyors Total direct project capital cost remains unchanged at $310 million First quarter copper production was 8,091 tonnes at C1 cash costs(*) of $2.30 per pound of copper produced. Including the benefit of realized gains on designat
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