Ero Copper Corp. (ERO) Earnings Call Transcripts

Ero Copper Corp.'s Latest Earnings Call - Q1 FY2026

Ero Copper Corp. reported strong first quarter results for 2026, with revenue of $263.2 million, a significant increase from $125.1 million in Q1 2025, driven by higher copper production and prices. Adjusted EBITDA doubled year-over-year to $125.2 million, while adjusted net income was $72.4 million, or $0.69 per share. Management maintained full-year guidance, expecting continued production growth and cost management despite inflationary pressures and currency fluctuations.

Reported metrics

Guidance from management

Management reaffirmed full-year operational guidance, expecting continued production growth in the second half of the year, particularly at Xavantina and Tucumã, while maintaining cost guidance despite inflationary pressures.

What management said

Yes. Thank you for the question. So I think more broadly speaking, I'll give a bit of nuance about our labor negotiations, which happen annually in the fall. Those are typically set around the standard inflation rate. So going back to last year in the fall, we negotiated on average, a 5% increase on labor year-on-year. If you go back over the last 10 years, this was historically absorbed by the depreciation of the Br...

No concerns at this time. We monitor that pretty closely. Our organization lived through both COVID and a trucker strike in the past several years. And so we've been able to dust off those playbooks and proactively build up key consumables as a risk mitigation across all of our assets. That's something that we continue to monitor pretty closely. As I said, deep knowledge across the organization and what to do in thes...

What analysts pressed on

Analysts raised concerns about labor inflation and input costs, particularly in light of the strengthening Brazilian real. There were also questions regarding the potential impact of proposed shift schedule changes on operations and productivity.

Main topics on the call

• Revenue Growth — Ero Copper's revenue surged to $263.2 million in Q1 2026, up from $125.1 million in the same quarter last year, reflecting a strong demand for copper and gold. Management stated, "Quarterly revenue and adjusted EBITDA ov...
• Production and Cost Management — The company reported a consolidated copper C1 cash cost of $2.39 per pound, reflecting an 8% year-over-year increase due to a stronger Brazilian real. However, management emphasized that their foreign exchange risk manag...
• Debt Reduction and Financial Health — Ero Copper successfully reduced its net debt by $70 million year-over-year, achieving a leverage ratio of approximately 1x, down from 2.4x. Management highlighted, "Our top capital allocation priority remains the continu...
• Operational Performance — The company noted that Q1 production was largely in line with expectations, with copper production expected to improve in the second half of the year. Management indicated, "We expect mining rates and throughput to pick ...

Read the full Ero Copper Corp. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 31 Ero Copper Corp. earnings call transcripts on record, spanning March 13, 2020 to August 6, 2026. Based on this history, Ero Copper Corp. reports quarterly. The most recent call on file is dated August 6, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ERO

Exchange

TSX

Country

CA

Sector

Materials

Industry

Metals and Mining

Calls on record

31

First call

March 13, 2020

Most recent

August 6, 2026

Reporting cadence

quarterly