Canada's Ero Copper Q3 revenue slightly beats on higher metal prices
ERO•ERO•ERO•ERO•Ero Copper reported Q3 revenue of $348 million, slightly above the $346.15 million analyst consensus, and adjusted EBITDA of $200.6 million, above the $193.33 million consensus. It reaffirmed 2026 copper production guidance and raised cost guidance for copper and gold.
Ero Copper said Q3 revenue was $348 million, compared with analyst expectations of $346.15 million. Adjusted EBITDA was $200.6 million, above the $193.33 million consensus, while net income was $118 million and adjusted net income was $129.3 million.
The company reaffirmed 2026 copper production guidance of 67,500 to 77,500 tonnes. It updated 2026 copper C1 cash cost guidance to $2.25-$2.45 per pound, citing inflation and foreign-exchange pressures, and raised Xavantina gold C1 cash cost guidance to $1,650-$1,800 per ounce; gold production is expected to be 75,000 to 80,000 ounces.
