Tucumã project site. Credit: Ero Copper.
Ero Copper (TSX, NYSE: ERO) said its Tucumã copper operation in Brazil achieved commercial production this week – though at least one analyst was left wondering if the company would be able to hit full-year output targets.
Tucumã produced about 6,400 tonnes of copper in the second quarter, including about 2,000 tonnes during the second half of June, Vancouver-based Ero said Thursday in a statement. Plant throughput volumes should keep increasing by year-end, supporting sequential growth in copper production during the second half, according to the company.
Located in Pará State, in the northern part of the country, Tucumã is projected to produce 37,500 to 42,500 lb. of copper in 2025 – half of Ero’s full-year guidance of 75,000-85,000 pounds. The plant, which achieved first production on schedule in the third quarter of 2024, accounts for about one-third…
