Ero Copper reports compliance with Modern Slavery Act

VANCOUVER, BC - Ero Copper Corp. (TSX:ERO), a metal mining company with a market capitalization of $1.1 billion, announced today its compliance with the Modern Slavery Act in its latest filing with the United States Securities and Exchange Commission (SEC). According to InvestingPro data, the company has shown revenue growth of 10% over the last twelve months despite challenging market conditions. The document, dated today, was submitted as a Form 6-K report, a requirement for foreign private issuers under the SEC’s regulations.

The filing included the company’s Modern Slavery Act Report for the year 2024, which has been incorporated by reference into Ero Copper’s existing Registration Statements on Form S-8 and Form F-10. This incorporation implies that the information provided in the Modern Slavery Act Report is now a formal part of the company’s disclosures to investors and regulators. The company’s transparency comes at a time when InvestingPro analysis suggests the stock is currently undervalued, with analysts projecting a return to profitability this year despite recent challenges.

Ero Copper, headquartered at 625 Howe Street in Vancouver, operates under the metal mining industry classification. The company’s filing did not disclose any instances of modern slavery within its operations. Instead, it detailed the measures taken to ensure compliance with the Modern Slavery Act, which requires businesses to disclose their efforts to prevent slavery and human trafficking in their supply chains and operations.

The report’s inclusion in the company’s SEC filings underscores Ero Copper’s commitment to transparency and ethical practices within its business operations. It also serves as an additional exhibit to the company’s ongoing registration statements, which relate to the company’s equity offerings and securities registrations.

The filing was signed by Deepk Hundal, Executive Vice President, General Counsel, and Corporate Secretary of Ero Copper Corp. This formal declaration by a company executive ensures that the report meets the legal requirements set forth by the SEC for foreign private issuers.

Investors and stakeholders in the metal mining sector may view Ero Copper’s compliance with the Modern Slavery Act as an indication of the company’s dedication to corporate responsibility and ethical business conduct. The information is based on a press release statement and the company’s latest SEC filing.

In other recent news, Ero Copper Corp reported its fourth-quarter 2024 earnings, which fell short of analysts’ expectations. The company announced an earnings per share (EPS) of $0.17, missing the forecast of $0.20, and revenue of $122.5 million, which was below the anticipated $151.97 million. Despite the financial shortfall, Ero Copper completed the Tucumã mine project on schedule and expanded its credit facility to $200 million. The company faces challenges due to the depreciation of the Brazilian Real and volatility in the copper market. Analysts from Scotiabank (TSX:BNS) and Bank of America have been actively engaged in discussions regarding the company’s operational strategies and financial outlook. Ero Copper has also filed its annual report with the SEC on a Form 6-K, fulfilling its reporting obligations. The company remains committed to operational improvements and cost management to navigate these challenges. Furthermore, Ero Copper plans to conduct 40,000 meters of drilling at the Furnas project in 2025, with a preliminary economic assessment expected in the first half of 2026.

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