ERO News & Events

Consolidated copper production is expected to be weighed towards H2 2026 due to mine sequencing and higher plant throughput expected throughout the year. At the Xavantina Operations, gold production is expected to total 40K-50K ounces Gold production is expected to be lowest in Q1 with full-year production expected to be weighted toward 2H26.

Reports Q4 revenue $320.2M, consensus $427.96M. Q4 copper production was a record 19,706 tons in concentrate, and Q4 gold production totaled 13,837 ounces. "We are pleased with our operating trajectory and performance in the fourth quarter, which delivered record quarterly copper production as well as the first tangible benefits of record quarterly gold from the Xavantina Operations following the commencement of our gold concentrate program in Q4," said CEO Makko DeFilippo. "The investments we made across our operations in 2025 translated into higher copper and gold production, stronger cash generation and an improved balance sheet through year-end. As we enter 2026, we are building on the momentum established in 2025. The announcement of our inaugural PEA on Furnas in February clearly illustrates its relative positioning as a cornerstone asset in our long-term growth strategy. At the same time, we are completing or advancing various initiatives across our operating portfolio focused on strengthening operating margins and continued growth."