Ero Copper Reports $137.9 Million in Operating Cash Flow in Second Quarter of 2026
Key Facts
Ero Copper said it will hold a call to discuss its results on November 3, 2026, at 10:30 a.m. Eastern time, according to an announcement carried by GlobeNewswire. The date follows the release of third-quarter results on November 2, but the new figures in available summaries do not include details that can be verified here through a direct quotation from the release. In the latest detailed quarterly results available in the evidence, the company reported operating cash flow of $137.9 million in the second quarter of 2026. That was up about 49% from the previous quarter, according to the company’s filing with the U.S. Securities and Exchange Commission. Adjusted EBITDA was $144.0 million, up about 15% quarter over quarter. These figures put cash and operating earnings at the forefront of the indicators the company will discuss on its call.
In copper, consolidated concentrate production totaled 17,315 tonnes in the second quarter, while the C1 cash cost was $2.42 per pound produced, according to the company’s statement. Production comprised 8,351 tonnes from the Caraíba operation and 8,964 tonnes from the Tucumã operation over the same period. These figures provide a baseline for assessing the performance of the two copper operations in the second half, which the company expected to be more productive. Ero Copper kept its 2026 annual copper production guidance within a range of 67,500 to 77,500 tonnes. The company had linked its guidance to expectations of higher production at both copper operations in the second half. It said it would present the results on the investor call, according to its announcement of the call date.
At its gold operations, Zafranal production rose 170% quarter over quarter to 20,553 ounces in the second quarter, according to the company’s statement. That compares with first-quarter production, while the available evidence breaks down the total only in a correction to an earlier draft, which clarifies that the figure comprises mine production and gold recovered from historical concentrate stockpiles. The company entered the second half after strong performance across its three operations, according to Chief Executive Officer Marco Di Filippo. Commenting on the second-quarter results, he said Ero is "well positioned to deliver a strong second half of 2026." The outlook combines expectations of higher copper production in the second half with continued contributions from gold, while an assessment of the new results depends on the figures the company presents on its investor call.
At the balance-sheet level, net debt stood at $452.7 million at the end of the second quarter, down $38.0 million from the first quarter, according to the filing with the U.S. Securities and Exchange Commission. The net debt-to-adjusted EBITDA ratio fell to 0.8 times at the end of June. This provides financial context for the company’s entry into the second half, alongside the increase in operating cash flow recorded in the second quarter. Ero Copper also continued exploration and technical studies at its Furnas copper-gold project, and said a preliminary feasibility study is expected in 2027. In the market, the company’s shares closed at $29.05 on October 30, according to EL7 data. The company will discuss its third-quarter results on a call scheduled for November 3 at 10:30 a.m. Eastern time.