Shares jumped 11.9% as operational improvements across Ero Copper’s portfolio, notably increased copper production and cash flow growth, surpassed investor expectations, signaling confidence in both near-term execution and longer-term initiatives.
- Consolidated copper production reached 17,315 tonnes in Q2 at a competitive C1 cash cost of $2.42 per pound.
- Cash flow from operations surged nearly 50% quarter-over-quarter to approximately $138 million; adjusted EBITDA rose to $144 million.
- First half 2026 cash flow and EBITDA nearly doubled compared to 2025, at $231 million and $269 million respectively.
- Net debt reduced by ~$100 million over 18 months, improving net leverage to 0.8x from 2.6x at start of 2025; $25 million repaid on revolver in July.
- Strong operational momentum at major sites, including 27% QoQ throughput increase at Tucuma and significant growth in gold production at Xavantina, supports robust second-half guidance.
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