SMM5, May 8-Ero Copper, based in Vancouver, Canada, released first-quarter financial and production data. In the first quarter, the company produced a total of 10657 tons of copper, compared with 10645 tons in the same period last year. C1 cash reached 71 cents per pound and cash flow reached 37.3 million US dollars.
In addition, Ero Copper's NX mine produced 7866 ounces of gold (C1 cash cost $594 / oz) and 4868 ounces of silver in the first quarter.
Adjusted EBITDA was $33.4 million, adjusted net profit attributable to shareholders was $20.8 million (23 per cent diluted to US stocks), and liquidity positions were strong at $45.5 million.
The company maintained its 2020 copper production target of 41, 000-43, 000 tons and its gold production target of 38, 000-40, 000 ounces.
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