Ero Copper shows impressive growth potential in mine reserves

Ero Copper has announced an update of its mineral reserves and resources according to the National Instrument 43-101 standard for its Xavantina operations in the Brazilian state of Mato Grosso. This reassessment accounts for drilling activities and mining up to June 30, 2024. The latest figures show an impressive increase in proven and probable mineral reserves by 19% compared to the 2023 estimate, with the Santo Antonio vein recording a remarkable rise of 24%. The annual average growth of mineral reserves since 2018 amounts to approximately 62%, highlighting the company's strong performance. Additionally, there was an increase of 26% in measured and indicated mineral resources compared to the 2023 estimate, which also includes the mineral reserves. The Santo Antonio vein recorded a significant increase of 31%. With an excess milling capacity of about 25%, Ero Copper is well-positioned for further expansion in the near and medium term.