Ero Copper Corp
ERO · NYSE · producer · market cap $4.0B as of 24 Aug 2026
What Ero Copper Corp's own filings say about its costs, margins and results, every figure cited.
Ero Copper Corp share price
- Latest C1 cash cost$2.42/lbrelease
- Copper produced, attributable17,315source
- Next report3 Novprior report
Company-reported data · Fixed cohorts · No estimated costs
How to read these figures
- Primary sources: every figure is the company's own, cited to the release or filing it came from.
- Fixed cohorts: the companies in each median are set for the calendar year, so a median never moves because membership moved.
- No modelled costs: no cost or margin here is estimated by us; where a company states no figure, the page says so.
About Ero Copper Corp
Ero Copper's principal asset is a 99.6% interest in MCSA, a Brazilian mining company operating in the Curaçá Valley, northeastern Bahia State, Brazil, which owns a 100% interest in the Caraíba Operations. The company is based in Vancouver and trades on the Toronto and New York Stock Exchanges under the ticker ERO. The Tucumã Operation achieved commercial production on July 1, 2025. Ero also has the option to earn a 60% interest in the Furnas Project. The company's principal product is copper, produced and sold from the Caraíba Operations and the Tucumã Operation, with gold and silver produced and sold as by-products. During the year ended December 31, 2025, the Caraíba Operations produced 36,035 tonnes of copper, the Tucumã Operation produced 28,272 tonnes of copper and the Xavantina Operations produced 37,291 ounces of gold. An additional 14,999 ounces of gold in concentrates were sold from the Xavantina Operations during the fourth quarter of 2025. As at December 31, 2025, Ero and its subsidiaries employed a total of 3,547 employees and 4,379 contractors.
Costs and margins
- Price, quarter average
- $6.06/lb
- C1 cash cost
- $2.42/lb
- C1 margin
- $3.64/lb
- C1 margin, % of price
- 60.1%
Latest C1 cash cost $2.42 per pound. Copper miners: median C1 cash cost $2.04 per pound, Q2 2026, 14 reporters. 10 lowest of 14 copper miners reporting Q2 2026.
| Category | Copper price (quarterly average) | C1 cash cost |
|---|---|---|
| Q3 2025 | $4.45 | $2.00 |
| Q4 2025 | $5.04 | $2.03 |
| Q1 2026 | $5.82 | $2.39 |
| Q2 2026 | $6.06 | $2.42 |
| Category | Copper price (quarterly average) | C1 cash cost |
|---|---|---|
| Q2 2023 | $3.84 | $1.52 |
| $3.80 | $1.82 | |
| Q1 2024 | $3.83 | $2.30 |
| $4.42 | $2.16 | |
| Q3 2024 | $4.17 | $1.63 |
| $4.16 | $1.85 | |
| Q1 2025 | $4.24 | $2.22 |
| $4.32 | $2.07 | |
| Q3 2025 | $4.45 | $2.00 |
| $5.04 | $2.03 | |
| $5.82 | $2.39 | |
| Q2 2026 | $6.06 | $2.42 |
| Category | Copper price (quarterly average) | C1 cash cost |
|---|---|---|
| Q2 2021 | $4.40 | $0.72 |
| $4.26 | $0.94 | |
| $4.40 | $0.96 | |
| Q1 2022 | $4.53 | $1.31 |
| $4.32 | $1.24 | |
| $3.52 | $1.46 | |
| Q4 2022 | $3.64 | $1.41 |
| $3.84 | $1.52 | |
| $3.80 | $1.82 | |
| Q1 2024 | $3.83 | $2.30 |
| $4.42 | $2.16 | |
| $4.17 | $1.63 | |
| Q4 2024 | $4.16 | $1.85 |
| $4.24 | $2.22 | |
| $4.32 | $2.07 | |
| Q3 2025 | $4.45 | $2.00 |
| $5.04 | $2.03 | |
| $5.82 | $2.39 | |
| Q2 2026 | $6.06 | $2.42 |
C1 cash cost and the average copper price by quarter, newest first, US$ per pound; every row cites the company's own release.
| Quarter | Price avg | C1 cash cost | C1 margin | C1 margin % | Source |
|---|---|---|---|---|---|
| Q2 2026 | $6.06 | $2.42 | $3.64 | 60.1% | release |
| Q1 2026 | $5.82 | $2.39 | $3.43 | 58.9% | release |
| Q4 2025 | $5.04 | $2.03 | $3.01 | 59.7% | release |
| Q3 2025 | $4.45 | $2.00 | $2.45 | 55.1% | release |
| Q2 2025 | $4.32 | $2.07 | $2.25 | 52.1% | release |
| Q1 2025 | $4.24 | $2.22 | $2.02 | 47.6% | release |
| Q4 2024 | $4.16 | $1.85 | $2.31 | 55.5% | release |
| Q3 2024 | $4.17 | $1.63 | $2.54 | 60.9% | release |
| Q2 2024 | $4.42 | $2.16 | $2.26 | 51.1% | release |
| Q1 2024 | $3.83 | $2.30 | $1.53 | 40.0% | release |
| Q3 2023 | $3.80 | $1.82 | $1.98 | 52.1% | release |
| Q2 2023 | $3.84 | $1.52 | $2.32 | 60.4% | release |
| Q4 2022 | $3.64 | $1.41 | $2.23 | 61.3% | release |
| Q3 2022 | $3.52 | $1.46 | $2.06 | 58.5% | release |
| Q2 2022 | $4.32 | $1.24 | $3.08 | 71.3% | release |
| Q1 2022 | $4.53 | $1.31 | $3.22 | 71.1% | release |
| Q4 2021 | $4.40 | $0.96 | $3.44 | 78.2% | release |
| Q3 2021 | $4.26 | $0.94 | $3.32 | 77.9% | release |
| Q2 2021 | $4.40 | $0.72 | $3.68 | 83.6% | release |
Its panel on the Miner Margins page carries the cohort it sits in and the basis notes.
Production and guidance
Q2 2026, as reported
- Copper produced, attributable
- 17,315 tonnes
- Prior-quarter copper production
- 17,287 tonnes
- Year-ago copper production
- 15,513 tonnes
More ways to compare Ero Copper Corp
- C1 cash cost
- Rank 10 of 14View comparable rankings
Ero Copper's mines and operations
Mine-by-mine operating data will be added as company filings are reviewed.
Financials, as filed
Key financials
- Revenue
- $785.8M
- Net income
- $263.7M
- Operating cash flow
- $395.1M
- Capital expenditure
- $262.8M
- Cash and equivalents
- $105.4M
- Debt
- $551.4M
- EPS (diluted)
- $2.53
Rounded from the figures as filed; the exact figures, concepts and filings are below.
Figures as filed, with concept, provenance and filing
| Measure | Period | Value | Provenance | Filing |
|---|---|---|---|---|
| Revenue ifrs-full:RevenueFromContractsWithCustomers | FY 2025 | $785,844,000 | SEC XBRL, as filed | 40-F · 30 Mar 2026 |
| Net income ifrs-full:ProfitLossAttributableToOwnersOfParent | FY 2025 | $263,723,000 | SEC XBRL, as filed | 40-F · 30 Mar 2026 |
| EPS (basic) ifrs-full:BasicEarningsLossPerShare | FY 2025 | $2.54 | SEC XBRL, as filed | 40-F · 30 Mar 2026 |
| EPS (diluted) ifrs-full:DilutedEarningsLossPerShare | FY 2025 | $2.53 | SEC XBRL, as filed | 40-F · 30 Mar 2026 |
| Operating cash flow ifrs-full:CashFlowsFromUsedInOperatingActivities | FY 2025 | $395,136,000 | SEC XBRL, as filed | 40-F · 30 Mar 2026 |
| Capital expenditure ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities | FY 2025 | $262,753,000 | SEC XBRL, as filed | 40-F · 30 Mar 2026 |
| Cash and equivalents ifrs-full:CashAndCashEquivalents | FY 2025 | $105,442,000 | SEC XBRL, as filed | 40-F · 30 Mar 2026 |
| Debt ifrs-full:LongtermBorrowings | FY 2025 | $551,403,000 | SEC XBRL, as filed | 40-F · 30 Mar 2026 |
| Shares outstanding dei:EntityCommonStockSharesOutstanding | FY 2025 | 104,192,288 | SEC XBRL, as filed | 40-F · 30 Mar 2026 |
Annual figures only: this company files no quarterly XBRL with the SEC.
Seven-year statement history
Each fiscal year as the company first filed it with the SEC, in the currency it filed, never converted.
| Statement line | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | not available | $470,259,000 | $427,480,000 | $426,392,000 | $489,915,000 | $324,076,000 | not available |
| Operating income | not available | not available | not available | not available | not available | not available | not available |
| Net income | not available | -$68,475,000 | $92,804,000 | $101,831,000 | $201,053,000 | $51,622,000 | not available |
| Operating cash flow | not available | $145,419,000 | $163,099,000 | $143,386,000 | $364,589,000 | $162,837,000 | not available |
| Capital expenditure | not available | $328,957,000 | $447,174,000 | $282,775,000 | $169,159,000 | $117,607,000 | not available |
| Cash and equivalents | not available | $50,402,000 | $111,738,000 | $177,702,000 | $130,129,000 | $62,508,000 | not available |
| Debt | not available | not available | $426,233,000 | $418,057,000 | $59,250,000 | $168,102,000 | not available |
| Dividend per share | not available | not available | not available | not available | not available | not available | not available |
| Source | not available | 40-F · 6 Mar 2025 | 40-F · 7 Mar 2024 | 40-F · 8 Mar 2023 | 40-F · 11 Mar 2022 | 40-F · 11 Mar 2022 | not available |
- A dash means the SEC filings carry no figure for that year. It is never zero.
Filings
| Date | Source |
|---|---|
| 5 Aug 2026 | 6-K(5 Aug 2026) |
| 2 Jul 2026 | 6-K(2 Jul 2026) |
| 30 Jun 2026 | 6-K(30 Jun 2026) |
| 10 Jun 2026 | 6-K(10 Jun 2026) |
| 20 May 2026 | 6-K(20 May 2026) |
| 4 May 2026 | 6-K(4 May 2026) |
How to read this page
Costs are the company's own consolidated all-in sustaining cost (gold, silver) or C1 cash cost (copper), as stated, on the basis the company states; the reference price is the quarter's average from World Bank Commodity Price Data (CC BY 4.0); the margin is that price less the stated cost, a production-cost spread and not company net profit; financials are as filed in the filing currency, never converted; report dates are confirmed from the company's notice or estimated from its own past pattern and say which. The full methodology is on the Miner Margins page.