- Write by:
-
Saturday, March 14, 2020 - 10:55:40 AM
-
461 Visit
-
Print
Mining News Pro - Ero Copper reported its highest ever annual copper production of 42,318 tonnes for 2019 – a 39% year-on-year increase – at a record low cash cost of $0.93 per pound of copper produced.
According to Mining News Pro - Net income attributable to owners of the company reached $91.9 million or $1.01 per share, also a record high. Cash flow from operations for 2019 was $127.8 million, again a company record for a single year.
Owing to its strong year-end results, shares of the Vancouver-based copper producer skyrocketed by more than 20%. The company has a market capitalization of approximately C$992.2 million.
Ero Copper president and CEO David Strang said he sees a continuation of this year-on-year growth in production and profitability with the support of various exploration programs underway throughout the Curaçá Valley operations in Bahia, Brazil. The company currently mines copper ore from the Pilar and Vermelhos underground mines.
In addition to copper, the company also produces gold from the NX property in Mato Grosso, Brazil. Last year, the mine produced 30,434 ounces of gold at cash costs of $691 per ounce.
Short Link:
https://www.miningnews.ir/En/News/501648
Europe’s largest copper producer Aurubis AG reported first-half core profit above expectations on Wednesday, helped by ...
Newmont Corp. has no plans to expedite a decision on its $2.5 billion Yanacocha Sulfides project, dashing the Peruvian ...
Copper briefly traded through $10,000 a ton as investors raised bets on Federal Reserve rate cuts, and Goldman Sachs ...
China’s central bank added 60,000 troy ounces of gold to its reserves in April, official data showed on Tuesday, ...
BHP’s plan to divest the South African assets of its target Anglo American are key to the strategy behind the proposed ...
First Quantum Minerals said on Monday it is looking forward to talks with Panama’s new government to find a resolution ...
Gold rose after mixed signals from the US, where optimism is growing the economy is on target for a soft landing as the ...
Executives from Saudi Arabian mining company Manara Minerals are in Islamabad to continue talks about buying a stake in ...
Central Puerto SA, Argentina’s biggest power supplier, is in talks to invest in Canadian miner McEwen Copper Inc.’s Los ...
No comments have been posted yet ...