2024-06-21 10:30:00 ET
Summary
- Ero Copper Corp. had decent copper production in Q1, with the lower grade anticipated due to a delay in accessing high-grade stopes.
- The company also had robust gold production with a high average grade, resulting in positive cash flow.
- Management compensation is high, and G&A expenses exceed 10% of revenue.
Introduction
I like copper, but that doesn't mean I like every copper miner. As it has been a while since I last discussed Ero Copper Corp. ( ERO ), I figured it was time for an update to see if the company's financial performance is now justifying its market capitalization....
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For further details see:
Ero Copper: Fully Valued Despite Anticipated Production Increase