Company Overview

Ero Copper Corp. is a Canadian-based mining company focused on the exploration, development, and production of copper and gold assets, primarily in Brazil. The company operates in the base metals and precious metals mining industries, with copper as its principal revenue driver. Its business is centered on long-life, low-cost mining operations supported by existing infrastructure and significant resource endowments.

The company’s primary revenue is generated from copper concentrate production, with a secondary contribution from gold. Ero Copper’s core assets include the Caraíba Operations (copper), the Tucumã Project (copper development), and the Xavantina Operations (gold). The company positions itself as a high-margin copper producer leveraged to long-term global electrification and decarbonization trends. Ero Copper traces its origins to 2016, when it acquired MCSA Mining assets in Brazil, establishing its operational base and evolving into a publicly listed producer on the Toronto Stock Exchange.

Business Operations

Ero Copper operates through two primary business segments: Copper Operations and Gold Operations. The Copper Operations segment includes the producing Caraíba Operations in Bahia State and the construction-stage Tucumã Project in Pará State, both of which produce or are expected to produce copper concentrate. The Gold Operations segment consists of the Xavantina Operations in Mato Grosso State, which produces gold doré. Revenue is generated through the sale of copper concentrate and gold into international commodity markets.

Operational activities are concentrated in Brazil, while corporate management, financing, and strategic planning are conducted from the company’s Canadian headquarters. Ero Copper controls processing plants, underground mining infrastructure, and mineral rights associated with its properties. The company operates primarily through its Brazilian subsidiaries, including Mineração Caraíba S.A. and NX Gold S.A., and maintains offtake relationships with global metals traders rather than long-term exclusive joint ventures.

Strategic Position & Investments

Ero Copper’s strategic direction emphasizes organic growth through the expansion of existing assets and disciplined capital allocation. A key growth initiative is the development and ramp-up of the Tucumã Project, which is expected to significantly increase the company’s copper production profile once fully operational. The company also continues to invest in exploration programs aimed at extending mine life at the Caraíba Operations and enhancing resource confidence.

A notable strategic acquisition was NX Gold S.A., which added the Xavantina Operations to Ero Copper’s portfolio and diversified its cash flow with gold production. The company maintains a focus on operational efficiency, cost control, and balance sheet strength, while positioning itself to benefit from increased global demand for copper driven by renewable energy, electric vehicles, and infrastructure investment.

Geographic Footprint

Ero Copper is headquartered in Vancouver, Canada, with all mining and development operations located in Brazil. Its operational footprint spans multiple Brazilian states, including Bahia, Pará, and Mato Grosso, giving the company a diversified regional presence within the country. Brazil represents the company’s sole operating jurisdiction, but its products are sold into global markets.

The company’s geographic strategy leverages Brazil’s established mining workforce, infrastructure, and regulatory framework, while maintaining access to international capital markets through its Canadian listing. Although Ero Copper does not operate mines outside Brazil, its financial, technical, and investor relations activities have international reach across North America, South America, and global commodity trading centers.

Leadership & Governance

Ero Copper is led by an executive team with extensive experience in mining operations, project development, and capital markets. The leadership emphasizes operational excellence, safety, and long-term value creation through responsible mining practices. Corporate governance aligns with Canadian public company standards and is overseen by an independent board of directors.

Key executives include:

• Makko DeFilippo – President & Chief Executive Officer
• Chris Buncic – Chief Financial Officer
• Marcelo P. Lima – Chief Operating Officer
• Rafael G. Rodrigues – Vice President, Brazil Operations
• Joaquim A. Nunes – Vice President, Exploration

The leadership team’s strategic vision centers on disciplined growth, prudent risk management, and leveraging technical expertise to optimize asset performance while maintaining strong relationships with local stakeholders and regulators.