Ero Copper Studies Momentary Energy Disruption on the Tucumã Operation Following Extreme Windstorm

Article content material

VANCOUVER, British Columbia, Oct. 06, 2024 (GLOBE NEWSWIRE) — Ero Copper Corp. (TSX: ERO, NYSE: ERO) (“Ero” or the “Firm”) pronounces that its Tucumã Operation has skilled a brief energy disruption following a extreme localized windstorm that occurred within the southwest area of the Carajás Mineral Province in Pará State, Brazil on October 5, 2024. The Firm’s workforce is secure, and there was no injury to infrastructure on the Tucumã Operation.

The regional energy grid, together with the principle 230kV transmission line servicing the area, sustained injury throughout the storm, leading to a lack of energy to greater than 200,000 residents in addition to main industrial customers. Energy has since been absolutely restored to residential communities and partially restored to industrial shoppers. The proprietor and operator of the transmission line has suggested that full energy restoration to industrial shoppers, together with the Firm’s Tucumã Operation, is anticipated inside two weeks.

Article content material

The facility disruption at Tucumã has impacted the milling, flotation and filtration circuits inside the processing plant. Mining and crushing operations stay unaffected, with ore persevering with to be positioned on the run-of-mine and crushed ore stockpiles. The Firm expects the first influence will probably be on the ramp-up schedule of the processing plant, and in flip, full-year manufacturing outcomes on the Tucumã Operation. Whereas the extent of the influence will rely on the timing of full energy restoration, Ero Copper stays well-positioned to handle this non permanent disruption and can present additional updates because the scenario develops.

ABOUT ERO COPPER CORP
Ero is a high-margin, high-growth, low carbon-intensity copper producer with operations in Brazil and company headquarters in Vancouver, B.C. The Firm’s main asset is a 99.6% curiosity within the Brazilian copper mining firm, Mineração Caraíba S.A. (“MCSA”), 100% proprietor of the Firm’s Caraíba Operations (previously referred to as the MCSA Mining Complicated), that are situated within the Curaçá Valley, Bahia State, Brazil and embody the Pilar and Vermelhos underground mines and the Surubim open pit mine, and the Tucumã Operation (previously referred to as Boa Esperança), an open pit copper mine situated in Pará, Brazil. The Firm additionally owns 97.6% of NX Gold S.A. (“NX Gold”) which owns the Xavantina Operations (previously referred to as the NX Gold Mine), comprised of an working gold and silver mine situated in Mato Grosso, Brazil. Extra info on the Firm and its operations, together with technical reviews on the Caraíba Operations, Xavantina Operations and Tucumã Operation, may be discovered on SEDAR+ (www.sedarplus.ca/landingpage/) and on EDGAR (www.sec.gov). The Firm’s shares are publicly traded on the Toronto Inventory Change and the New York Inventory Change beneath the image “ERO”.

Article content material

Article content material

FOR MORE INFORMATION, PLEASE CONTACT
Courtney Lynn, SVP, Company Growth, Investor Relations & Sustainability (604) 335-7504
data@erocopper.com

CAUTION REGARDING FORWARD LOOKING INFORMATION AND STATEMENTS

This press launch incorporates “forward-looking statements” inside the that means of america Non-public Securities Litigation Reform Act of 1995 and “forward-looking info” inside the that means of relevant Canadian securities laws (collectively, “forward-looking statements”). Ahead-looking statements embody statements that use forward-looking terminology equivalent to “could”, “may”, “would”, “will”, “ought to”, “intend”, “goal”, “plan”, “count on”, “funds”, “estimate”, “forecast”, “schedule”, “anticipate”, “imagine”, “proceed”, “potential”, “view” or the detrimental or grammatical variation thereof or different variations thereof or comparable terminology. Ahead-looking statements could embody, however usually are not restricted to, statements with respect to the anticipated restoration of energy and the restart of the processing plant on the Tucumã Operation; the Firm’s skill to handle the influence of the facility disruption to the commissioning timeline on the Tucumã Operation and to its full-year manufacturing outcomes; and every other assertion that will predict, forecast, point out or suggest future plans, intentions, ranges of exercise, outcomes, efficiency or achievements.

Article content material

Ahead-looking statements usually are not a assure of future efficiency. There may be no assurance that forward-looking statements will show to be correct, as precise outcomes and future occasions may differ materially from these anticipated in such statements. Ahead-looking statements contain statements concerning the future and are inherently unsure, and the Firm’s precise outcomes, achievements or different future occasions or situations could differ materially from these mirrored within the forward-looking statements because of a wide range of dangers, uncertainties and different elements, together with, with out limitation, these referred to herein and within the Firm’s most up-to-date Annual Data Type beneath the heading “Danger Components”.

The Firm’s forward-looking statements are based mostly on the assumptions, beliefs, expectations and opinions of administration on the date the statements are made, a lot of which can be tough to foretell and past the Firm’s management. In reference to the forward-looking statements contained on this press launch and within the AIF, the Firm has made sure assumptions about, amongst different issues: continued effectiveness of the measures taken by the Firm to mitigate the doable influence of COVID-19 on its workforce and operations; beneficial fairness and debt capital markets; the power to boost any mandatory further capital on affordable phrases to advance the manufacturing, improvement and exploration of the Firm’s properties and belongings; future costs of copper, gold and different steel costs; the timing and outcomes of exploration and drilling packages; the accuracy of any mineral reserve and mineral useful resource estimates; the geology of the Caraíba Operations, the Xavantina Operations and the Tucumã Venture being as described within the respective technical report for every property; manufacturing prices; the accuracy of budgeted exploration, improvement and development prices and expenditures; the value of different commodities equivalent to gas; future forex alternate charges and rates of interest; working situations being beneficial such that the Firm is ready to function in a secure, environment friendly and efficient method; work drive persevering with to stay wholesome within the face of prevailing epidemics, pandemics or different well being dangers (together with COVID-19), political and regulatory stability; the receipt of governmental, regulatory and third occasion approvals, licenses and permits on beneficial phrases; acquiring required renewals for present approvals, licenses and permits on beneficial phrases; necessities beneath relevant legal guidelines; sustained labour stability; stability in monetary and capital items markets; availability of apparatus; constructive relations with native teams and the Firm’s skill to satisfy its obligations beneath its agreements with such teams; and satisfying the phrases and situations of the Firm’s present mortgage preparations. Though the Firm believes that the assumptions inherent in forward-looking statements are affordable as of the date of this press launch, these assumptions are topic to vital enterprise, social, financial, political, regulatory, aggressive and different dangers and uncertainties, contingencies and different elements that might trigger precise actions, occasions, situations, outcomes, efficiency or achievements to be materially totally different from these projected within the forward-looking statements. The Firm cautions that the foregoing listing of assumptions will not be exhaustive. Different occasions or circumstances may trigger precise outcomes to vary materially from these estimated or projected and expressed in, or implied by, the forward-looking statements contained on this press launch. There may be no assurance that forward-looking statements will show to be correct, as precise outcomes and future occasions may differ materially from these anticipated in such statements. Accordingly, readers mustn’t place undue reliance on forward-looking statements.

Ahead-looking statements contained herein are made as of the date of this press launch and the Firm disclaims any obligation to replace or revise any forward-looking assertion, whether or not because of new info, future occasions or outcomes or in any other case, besides as and to the extent required by relevant securities legal guidelines.

Article content material