Ero Copper reported record Q3 2026 financial results, with strong free cash flow accelerating its deleveraging. The Caraíba and Tucumã operations produced 9,387 and 8,958 tonnes of copper at C1 cash costs of $2.89 and $2.12 per pound, while Xavantina's gold sales rose about 47% to 24,957 ounces. Full-year copper C1 cash cost guidance was updated to $2.25 to $2.45 per pound, reflecting a stronger BRL, inflation from the U.S.-Iran conflict and delayed access to higher-grade ore at Surubim. Copper production guidance of 67,500 to 77,500 tonnes is unchanged, and year-to-date realized FX hedge gains of $30.3 million have offset the cash impact of the stronger BRL.
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