Ero Copper’s Brazil operations not impacted
Ero Copper (TSX: ERO) has not experienced any disruption to its operations, supply chains or sales channels as a result of the covid-19 pandemic, the Brazil-focused base metals miner stated in a corporate update on Tuesday.
To date, there are no known cases of covid-19 at any of the company’s operations, neighboring communities, or at its corporate offices in São Paulo and Vancouver, it added.
Ero Copper is currently focused on developing the Vale do Curaçá property in Bahia, Brazil, where it mines copper ore from the Pilar and Vermelhos underground mines. Operations are continuing at planned production rates and below-budget costs during the first quarter, aided by the depreciation of the Brazilian real.
The company is maintaining its full-year production, capital and operating cost guidance for 2020, but warns that the situation related to the covid-19 pandemic remains dynamic.
Shares of Ero Copper closed 2.4% higher on the TSX on Tuesday. The company’s market capitalization is C$906.45 million.