Inferra AIResearch Tools

Inferra AI / Company / ERO

Ero Copper

ERO · Materials

Last earnings Aug 5, 2026  ·  Next earnings Nov 2, 2026

Key results

Net incomequarter

$89.5 million

Net income attributable to the owners of the Company was $89.5 million ($0.85 per share on a diluted basis).

SEC original ↗Ero Copper — Earnings release (6-K exhibit)EX-99Aug 5, 2026

Adjusted net incomequarter

$87.4 million

Adjusted net income attributable to the owners of the Company (1) was $87.4 million ($0.83 per share on a diluted basis).

SEC original ↗Ero Copper — Earnings release (6-K exhibit)EX-99Aug 5, 2026

Revenuequarter

$219.4 million

Revenues from copper sales in Q2 2026 was $219.4 million (Q2 2025 - $138.1 million) on sale of 36.4 million lbs of copper (Q2 2025 - 33.9 million lbs).

SEC original ↗Ero Copper — Earnings release (6-K exhibit)EX-99Aug 5, 2026

The increase in copper revenues was primarily attributed to an 8% increase in copper sold and a 40% higher average realized price against the comparative period.

SEC original ↗Ero Copper — Earnings release (6-K exhibit)EX-99Aug 5, 2026

The increase in gold revenues was primarily driven by 106% higher sales volumes and 25% higher realized gold prices.

SEC original ↗Ero Copper — Earnings release (6-K exhibit)EX-99Aug 5, 2026

revenue of $1.9 million (Q2 2025 - $2.1 million ), accretion of provision for rehabilitation and closure costs of $0.8 million (Q2 2025 - $0.9 million ), and lease interest of $0.6 million (Q2 2025 - $0.6 million) .

SEC original ↗Ero Copper — Earnings release (6-K exhibit)EX-99Aug 5, 2026

Revenueytd

$440.1 million

Revenues from copper sales in YTD 2026 amounted to $440.1 million ( YTD 2025 - $247.6 million), reflecting the sale of 76.0 million lbs of copper compared to 60.6 million lbs in YTD 2025.

SEC original ↗Ero Copper — Earnings release (6-K exhibit)EX-99Aug 5, 2026

The increase in revenues was primarily attributable to ramp-up of production from the Tucum Operations, which had $209.6 million in revenue compared to $95.9 million in the prior year, as well as realizing 38% higher copper prices at both operations compared to the prior year.

SEC original ↗Ero Copper — Earnings release (6-K exhibit)EX-99Aug 5, 2026

AI analysis

Q2 2026 · reported Aug 5, 2026

Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held

Revenue · Q2 2026
$219.4M
EX-99 · Aug 5, 2026
Net income · Q2 2026
$89.5M
EX-99 · Aug 5, 2026
Adjusted net income · Q2 2026
$87.4M
EX-99 · Aug 5, 2026

Headline figures

MetricQ2 2026Prior qtrYear ago
Net income$89.5 million——
Adjusted net income$87.4 million——
Revenue$219.4 million——

EX-99 · Aug 5, 2026

Guidance · company-stated

Direction: Raised

Company outlook

“Consolidated copper C1 cash cost (1) guidance is maintained in the range of $2.”

Company outlook

“Full-year mined gold production C1 cash cost (1) and AISC (1) guidance has been updated to $1,100 to $1,350 per ounce and $2,200 to $2,700 per ounce, respectively, reflecting production volumes at the low end of the maintained guidance range.”

Company outlook

“Full-year capital expenditure guidance has been increased slightly to $285 to $330 million, reflecting the approval of approximately $10 million for a new powerline at Xavantina to strengthen site infrastructure, support future growth opportunities, and reduce power transmission rates.”

Company outlook

“Full-year C1 cash cost (1) guidance for Tucum is maintained at $1.”

Company outlook

“Full-year gold C1 cash cost (1) and AISC (1) guidance has been updated to $1,100 to $1,350 per ounce and $2,200 to $2,700 per ounce, respectively, reflecting production volumes that are expected to be at the low end of the maintained guidance range.”

Company outlook

“Full-year consolidated copper C1 cash costs (1) guidance is maintained in the range of $2.”

Revenue — Raised

“Costs are expected to decline sequentially through H2 2026, driven by increased production and higher processed grades at the Cara ba Operations as well as higher byproduct revenues and improved smelting and refining terms relative to original guidance.”

Classified from the release's primary full-year outlook statement.

Next earningsNov 2, 2026Verified from the company’s own announcement

Capital allocation

to, among other things, incur additional indebtedness needed to fund its respective operations, pay dividends or make other distributions, make investments, create liens, sell or transfer assets or enter into transactions with affiliates.

This MD A refers to various alternative performance (Non-IFRS) measures, including copper C1 cash cost, realized copper price, gold C1 cash cost, gold all-in sustaining cost ( AISC ), realized gold price, EBITDA, adjusted EBITDA, adjusted net income attributable to owners of the Company, adjusted net income per share attributable to owners of the Company, net (cash) debt, working capital and available liquidity.

Company-stated claims

Aug 5, 2026

Historical · 170% increase · other

“Gold recovered from the historic concentrate stockpiles increased significantly to 11,860 ounces at C1 cash costs (1) and AISC (1) of $633 and $715 per ounce, respectively, in Q2 following the end of the rainy season bringing total gold produced and recovered in the quarter to 20,553 ounces, representing an approximate 170% increase over the previous quarter.”

EX-99 · Aug 5, 2026
General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Ero Copper Q2 2026 — Net income attributable to the owners of the Company was $89.5 million ($0.85 per share on a diluted basis).

Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held

Guidance & outlook

Direction: Raised

Company outlook: “Consolidated copper C1 cash cost (1) guidance is maintained in the range of $2.”

Company outlook: “Full-year mined gold production C1 cash cost (1) and AISC (1) guidance has been updated to $1,100 to $1,350 per ounce and $2,200 to $2,700 per ounce, respectively, reflecting production volumes at the low end of the maintained guidance range.”

Company outlook: “Full-year capital expenditure guidance has been increased slightly to $285 to $330 million, reflecting the approval of approximately $10 million for a new powerline at Xavantina to strengthen site infrastructure, support future growth opportunities, and reduce power transmission rates.”

Company outlook: “Full-year C1 cash cost (1) guidance for Tucum is maintained at $1.”

Company outlook: “Full-year gold C1 cash cost (1) and AISC (1) guidance has been updated to $1,100 to $1,350 per ounce and $2,200 to $2,700 per ounce, respectively, reflecting production volumes that are expected to be at the low end of the maintained guidance range.”

Company outlook: “Full-year consolidated copper C1 cash costs (1) guidance is maintained in the range of $2.”

Company outlook — Reiterated (“Reaffirming”)
“Reaffirming copper production and cost guidance ranges maintaining gold production guidance and updating cost and capital expenditure guidance at the Xavantina Operations.”

Company outlook — Reiterated (“maintained”)
“Consolidated full-year copper production guidance is maintained in the range of 67,500 to 77,500 tonnes, with production expected to be higher in H2 2026 at both copper operations.”

Company outlook — Reiterated (“maintained”)
“Consolidated copper C1 cash cost (1) guidance is maintained in the range of $2.”

Company outlook — Reiterated (“maintained”)
“Full-year mined gold production C1 cash cost (1) and AISC (1) guidance has been updated to $1,100 to $1,350 per ounce and $2,200 to $2,700 per ounce, respectively, reflecting production volumes at the low end of the maintained guidance range.”

Company outlook — Raised (“increased”)
“Full-year capital expenditure guidance has been increased slightly to $285 to $330 million, reflecting the approval of approximately $10 million for a new powerline at Xavantina to strengthen site infrastructure, support future growth opportunities, and reduce power transmission rates.”

Company outlook — Reiterated (“maintained”)
“Full-year C1 cash cost (1) guidance for Tucum is maintained at $1.”

Company outlook — Reiterated (“maintained”)
“Full-year gold C1 cash cost (1) and AISC (1) guidance has been updated to $1,100 to $1,350 per ounce and $2,200 to $2,700 per ounce, respectively, reflecting production volumes that are expected to be at the low end of the maintained guidance range.”

Company outlook — Reiterated (“maintained”)
“June 30, 2026 MD A Page 10 2026 GUIDANCE Consolidated copper production guidance is maintained in the range of 67,500 to 77,500 tonnes, with production expected to be second-half weighted at both copper operations.”

Company outlook — Reiterated (“maintained”)
“Full-year consolidated copper C1 cash costs (1) guidance is maintained in the range of $2.”

Revenue — Raised (“increased”)
“Costs are expected to decline sequentially through H2 2026, driven by increased production and higher processed grades at the Cara ba Operations as well as higher byproduct revenues and improved smelting and refining terms relative to original guidance.”

Company outlook — Reiterated (“maintained”)
“Full-year gold C1 cash cost (1) and AISC (1) guidance for the Xavantina Operations has been updated to $1,100 to $1,350 per ounce and $2,200 to $2,700 per ounce, respectively, reflecting production volumes that are expected to be at the low end of the maintained guidance range.”

Company outlook — Raised (“increased”)
“Total capital expenditure guidance has been increased slightly to $285 to $330 million, reflecting the approval of approximately $10 million for a new powerline at Xavantina to strengthen site infrastructure, support future growth opportunities, and reduce power transmission rates.”

Classified from the release's primary full-year outlook statement.

Capital allocation

to, among other things, incur additional indebtedness needed to fund its respective operations, pay dividends or make other distributions, make investments, create liens, sell or transfer assets or enter into transactions with affiliates.

SEC original ↗Ero Copper — Earnings release (6-K exhibit)EX-99Aug 5, 2026

This MD A refers to various alternative performance (Non-IFRS) measures, including copper C1 cash cost, realized copper price, gold C1 cash cost, gold all-in sustaining cost ( AISC ), realized gold price, EBITDA, adjusted EBITDA, adjusted net income attributable to owners of the Company, adjusted net income per share attributable to owners of the Company, net (cash) debt, working capital and available liquidity.

SEC original ↗Ero Copper — Earnings release (6-K exhibit)EX-99Aug 5, 2026

These gains mitigated the cash flow impact of the stronger BRL on operating costs and capital expenditures during the period.

SEC original ↗Ero Copper — Earnings release (6-K exhibit)EX-99Aug 5, 2026

Available liquidity (1) increased by $35.5 million quarter-on-quarter to $181.7 million, reflecting strong cash generation alongside continued debt reduction.

SEC original ↗Ero Copper — Earnings release (6-K exhibit)EX-99Aug 5, 2026

Available liquidity (1) included $101.7 million in cash and cash equivalents and $80.0 million of undrawn availability under the Company's senior secured revolving credit facility ( Senior Revolving Credit Facility ).

SEC original ↗Ero Copper — Earnings release (6-K exhibit)EX-99Aug 5, 2026

June 30, 2026 MD A Page 4 During the quarter, the Company repaid $25.0 million on the Senior Revolving Credit Facility, contributing to a reduction in total balance sheet debt to $554.4 million, from $581.9 million at the end of Q1 2026.

SEC original ↗Ero Copper — Earnings release (6-K exhibit)EX-99Aug 5, 2026

Strategy & priorities

Over the past 18 months, the Company has advanced OneEro, a company-wide strategic program designed to enhance efficiency across its operations, people and processes, unlock cost savings and position the business for its next phase of growth.

SEC original ↗Ero Copper — Earnings release (6-K exhibit)EX-99Aug 5, 2026

The 2026 drill program is focused on two primary objectives (i) upgrading inferred mineral resources to higher confidence categories ahead of future technical studies and (ii) extending mineralization along strike within the high-grade zones adjacent to planned infrastructure.

SEC original ↗Ero Copper — Earnings release (6-K exhibit)EX-99Aug 5, 2026

At the end of Q2 2026, the Company successfully completed a planned expansion of its existing tailings filtration system, which is expected to increase filtration capacity by approximately 8%.

SEC original ↗Ero Copper — Earnings release (6-K exhibit)EX-99Aug 5, 2026

Taking into consideration expected cash flow from existing operations and available liquidity, management believes that the Company has sufficient capital to fund its planned operations and activities, and other initiatives, for the foreseeable future.

SEC original ↗Ero Copper — Earnings release (6-K exhibit)EX-99Aug 5, 2026

NX Gold is a Brazilian gold mining company which holds a 100% interest in the Xavantina Operations and is focused on the production and sale of gold dore and concentrate as its main product and silver as its by-product.

SEC original ↗Ero Copper — Earnings release (6-K exhibit)EX-99Aug 5, 2026

Risks & headwinds

MANAGEMENT OF RISKS AND UNCERTAINTIES The Company examines the various financial instruments and risks to which it is exposed and assesses the impact and likelihood of those risks.

SEC original ↗Ero Copper — Earnings release (6-K exhibit)EX-99Aug 5, 2026

Significant judgments made by management in applying the Company s accounting policies and key sources of estimation uncertainty were the same as those applied in the most recent annual audited consolidated financial statements for the year ended December 31, 2025.

SEC original ↗Ero Copper — Earnings release (6-K exhibit)EX-99Aug 5, 2026

Please refer to the Company s most recent AIF and Management of Risks and Uncertainties in the MD A for complete risk factors.

SEC original ↗Ero Copper — Earnings release (6-K exhibit)EX-99Aug 5, 2026

Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual results, actions, events, conditions, performance or achievements to materially differ from those expressed or implied by the forward-looking statements, including, without limitation, risks discussed in this press release and in the Company s most recent Annual Information Form ( AIF ) under the heading Risk Factors .

SEC original ↗Ero Copper — Earnings release (6-K exhibit)EX-99Aug 5, 2026

Forward-looking statements involve statements about the future and are inherently uncertain, and the Company s actual results, achievements or other future events or conditions may differ materially from those reflected in the forward-looking statements due to a variety of risks, uncertainties and other factors, including, without limitation, those referred to herein and in the AIF under the heading Risk Factors .

SEC original ↗Ero Copper — Earnings release (6-K exhibit)EX-99Aug 5, 2026

Although the Company believes that the assumptions inherent in forward-looking statements are reasonable as of the date of this press release, these assumptions are subject to significant business, social, economic, political, regulatory, competitive and other risks and uncertainties, contingencies and other factors that could cause actual actions, events, conditions, results, performance or achievements to be materially different from those projected in the forward-looking statements.

SEC original ↗Ero Copper — Earnings release (6-K exhibit)EX-99Aug 5, 2026

Documents

Earnings deck slides

0 decks with slide view

Ero Copper — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Rio Tinto (RIO) MaterialsCemex Sab De Cv (CX) MaterialsWheaton Precious Metals (WPM) MaterialsNucor (NUE) MaterialsFranco-Nevada (FNV) MaterialsKinross Gold (KGC) MaterialsBarrick Mining (B) MaterialsCarpenter Technology (CRS) Materials

Filings

67 documents

Earnings releases

6 documents

Presentations

1 document

Transcripts

0 documents

No transcripts for Ero Copper are held in this edition of the library.

Mentioned by

1 company

Other tracked companies whose held documents mention Ero Copper by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.