Ero Copper (ERO) announces the results of a year-long effort to create additional value from its Xavantina Operations, located in Mato Grosso State, Brazil as well as an update of its National Instrument 43-101 compliant mineral reserve and resource estimate. The mineral reserve and resource estimate for the Xavantina Operations incorporates drilling activities and mining depletion on the property through June 30, 2025. “We are extremely proud of the work we are doing at Xavantina to extend mine life, enhance safety, improve productivity, and pursue multiple studies aimed at increasing total production for years to come,” said Makko DeFilippo, Chief Executive Officer. “We are equally proud to have delivered on a behind-the-scenes year-long initiative to unlock additional value from within our portfolio through the first phase of gold concentrate sales.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ERO:
- Ero Copper Commences Gold Concentrate Sales Following Year-Long Initiative
- ERO Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Ero Copper price target raised to $25 from $18.50 at Goldman Sachs
- Ero Copper price target raised to C$33 from C$32 at Scotiabank
- Ero Copper downgraded to Hold at TD Securities on valuation