Ero Copper Corp. (TSX: ERO) announced a new record in copper and gold production for its first quarter of 2021. The company reported a production of 16,943 tonnes of copper and 18,143 ounces of gold, up from the 15,536 tonnes of copper and 16,766 ounces of gold in the prior quarter. The increase in production was driven by the expansion of the company’s operations in Brazil. The company has been able to increase its production through the completion of its Pilar mine expansion project, which saw the addition of new underground mining equipment, as well as the installation of a new crushing circuit. Ero Copper’s President and CEO, Craig Hayes, stated that the company was pleased to report record copper and gold production in its first quarter of 2021.
He commented that the advancements in production were a result of the company’s focus on operational efficiency and the successful expansion of its operations. The company also reported strong financial results. Revenues for the quarter were up 20% from the prior quarter, reaching $96.4 million. Net income for the quarter was $40.9 million, up from $35.3 million in the prior quarter.
Ero Copper is optimistic about its outlook for the remainder of 2021. The company plans to increase its production through exploration and development work at its various mines, as well as through additional investments in its Brazilian operations. The company believes this will position it for long-term success and further growth in the future.
