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Canadian Copper Co. Records Record Production in 2021

Stockhouse Editorial
2 Comments| March 9, 2022

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A copper producer with operations in Brazil and corporate headquarters in Vancouver, BC just reports record full-year 2021 operating and financial results.

Ero Copper Corp. (TSX: ERO, Forum) highlighted record full-year copper production of 45,511 tonnes and gold production of 37,798 ounces, including 11,918 tonnes of copper and 8,544 ounces of gold produced during Q4 2021, surpassing the high-end of the company’s own 2021 production guidance ranges.

Further highlights:

  • Copper C1 cash costs for Q4 and full year 2021 were $0.96 and $0.77, respectively, per pound of copper produced
  • Gold C1 cash costs for Q4 and full year were $582 (USD) and $525 (USD), respectively, per ounce of gold produced. all-in sustaining costs for the same periods were $910 (USD) and $732 (USD), respectively, per ounce of gold produced
  • Record 2021 adjusted Earnings before interest, taxes, depreciation and amortization (EBITDA) of $331.9 million (USD) included $86.8 million (USD) of adjusted EBITDA generated during Q4
  • Q4 and full year adjusted net income attributable to owners of the Company were $59.7 million (USD) ($0.65 per share on a diluted basis) and $215.4 million (USD) ($2.37 per share on a diluted basis), respectively, with the latter representing another record metric for the Company
  • Quarterly cash flows from operations of $66.7 million (USD) brought full-year cash flows from operations to $364.6 million (USD), which included a $100.0 million upfront payment related to the August 2021 closing of the $110 million (USD) streaming agreement with RGLD Gold AG, a wholly- owned subsidiary of Royal Gold Inc., in relation to gold production from the NX Gold Mine

The company’s management will host a conference call this morning, Wednesday, March 9th, 2022, at 11:30 a.m. Eastern time to discuss these results. To find out how take part in the call, click here.

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