Ero Copper reports annual results, files Form 6-K

Ero Copper (TSX:ERO) Corp., a metal mining company with a market capitalization of $1.3 billion, has filed its annual report with the SEC on a Form 6-K, the company announced today. The report, submitted for the period ending December 31, 2024, was filed in accordance with the requirements of the Securities Exchange Act of 1934. According to InvestingPro data, the company’s stock is currently trading below its Fair Value, suggesting potential upside opportunity.

Based in Vancouver, British Columbia, Ero Copper operates within the Metal Mining industry under SIC code 1000. The company, which is incorporated under the jurisdiction of A1, has its fiscal year ending on December 31. With revenue of $470 million in the last twelve months and a gross profit margin of 38%, the company has shown resilience despite challenging market conditions.

The filing indicates that Ero Copper will submit its annual reports under the cover of Form 40-F. This form is utilized by foreign private issuers with equity shares listed on American exchanges, ensuring compliance with U.S. reporting requirements.

The document filed today is also incorporated by reference as an additional exhibit to Ero Copper’s existing Registration Statements on Form S-8 and Form F-10, as noted in the filing. These forms are related to the registration of securities for a company’s employee benefit plans and the registration of securities offered by Canadian issuers in the U.S., respectively.

Ero Copper’s executive team, represented by Executive Vice President, General Counsel, and Corporate Secretary Deepk Hundal, has duly signed the report, fulfilling the company’s obligations under the Securities Exchange Act.

The information presented in this article is based on Ero Copper Corp.’s latest SEC filing and provides an overview of the company’s annual reporting as required by U.S. securities regulations. InvestingPro analysis reveals that analysts expect significant sales growth and a return to profitability this year, with projected earnings per share of $2.16. For deeper insights into Ero Copper’s financial health and detailed metrics, access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.

In other recent news, Ero Copper Corp reported its fourth-quarter 2024 earnings, which fell short of analysts’ expectations. The company posted an earnings per share (EPS) of $0.17, missing the projected $0.20, while revenue reached $122.5 million, significantly below the forecasted $151.97 million. Ero Copper also reported a fourth-quarter adjusted EBITDA of $59.1 million and adjusted net income of $17.4 million. Despite the financial setbacks, Ero Copper has expanded its credit facility to $200 million, indicating a focus on operational improvements and cost management. Analysts have noted challenges such as the depreciation of the Brazilian Real and copper market volatility, which have impacted the company’s cost structure. Additionally, Ero Copper is targeting a normalized net debt leverage ratio of 1.5x and plans to conduct extensive drilling at the Furnas project in 2025. These developments come as the company remains committed to enhancing operational efficiency while addressing power quality issues at the Tucumã mine.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.