Ero Copper management commentary attributes record Q3 2026 net income to higher metal sales volumes and favorable prices
Bitget2026/11/02 22:16- Ero Copper management commentary attributed record third-quarter 2026 earnings to higher metal sales volumes, favorable prices and solid operating performance.
- Net income attributable to owners rose 30% quarter over quarter to USD 116.2 million; adjusted EBITDA increased 39% to USD 200.6 million.
- Copper production rose 6% to 18,345 tonnes, driven by higher Caraíba throughput and grades; historic concentrate recovery lifted total gold output 23%.
- Operating cash flow increased 39% to USD 191.2 million, supporting USD 70 million in Senior Revolving Credit Facility repayments.
- Management maintained full-year copper production guidance but raised copper cost guidance, citing Brazilian real strength, inflationary pressures and delayed high-grade ore access.
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