Ero Copper Corp T.ERO

Alternate Symbol(s): ERO

Metals & Mining Copper

Ero Copper Corp is a Canada-based clean copper producer with operations in Brazil. The Company's primary asset is a 99.6% interest in the Brazilian copper mining company, Mineracao Caraiba S.A., 100% owner of the Caraiba Operations, which is comprised of the operations located in the Curaca Valley, Bahia State, Brazil. The Company’s operations include Caraiba Operations, Tucuma Project and Xavantina Operations. The Caraiba Operations are located in northeastern Bahia State, Brazil, approximately 385 kilometers north-northwest of the capital city of Salvador, which include the Pilar and Vermelhos underground mines and the Surubim open pit mine. The Company open pit mine, and the Boa Esperana development project (Tucuma Project), an IOCG-type copper project located in Para, Brazil. It also owns 97.6% of NX Gold S.A. (NX Gold) which owns the Xavantina Operations, an operating gold and silver mine located in Mato Grosso, Brazil and approximately 670 km east of the capital city of Cuiaba.

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Ero Copper Corp

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Post by Tree2treeon Feb 02, 2022 2:50pm

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Post# 34390216

Financing = building another mine

Isn't anybody excited by that? That's how mining companies make money. How much money?

Post-tax NPV_8% of US$380 million
Post-tax IRR of 41.8%
Post-tax payback period of 1.4 years

All based on conservative copper pricing under $4. And the actual interest rate on the financing is lower than the 8% used in the estimate, further increasing the NPV.

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