Mission Statement, Vision, & Core Values (2025) of Ero Copper Corp.

An Overview of Ero Copper Corp.

General Summary of Ero Copper Corp.

Ero Copper Corp., established in 2017, is a Canada-based mining company focused on the production of copper in Brazil. The company operates the Mãe de Água and the Boa Esperança mines, which are situated in the state of Bahia. Ero Copper specializes in mining, exploration, and development of copper properties, benefitting from high-grade mineral deposits.

In 2024, Ero Copper's revenue reached approximately $500 million, supported by a significant rise in copper demand and operational efficiency. The company’s production volume for the year was around 50,000 tonnes of copper, reflecting a steady increase compared to previous years. Ero's core mission is to provide high-quality copper while maintaining sustainable and responsible mining practices.

Company's Financial Performance in the Latest Financial Reports

In its latest financial report for Q3 2024, Ero Copper showcased remarkable financial growth. The company reported record-breaking revenue of $130 million for the quarter, marking a 25% increase compared to Q2 2024. Its net income was reported at $35 million, resulting in an earnings per share (EPS) of $0.50.

Major highlights from the report include:

• Record copper sales volume of 13,000 tonnes in Q3 2024.
• Operating cash flow of $70 million, indicating strong operational performance.
• Average realized copper price of $3.10 per pound.
• Reduction in total cash costs to $1.80 per pound, reflecting improved efficiency.

Ero Copper's successful year can be attributed to its strategic initiatives in mining optimization and geographic diversification, enabling the company to capture growth in emerging markets.

Introduction to Ero Copper as an Industry Leader

Ero Copper Corp. has established itself as a leader in the copper mining industry, particularly in Brazil. The company’s competitive edge lies in its strong operational capabilities and commitment to sustainable practices. Ero places significant emphasis on community engagement and environmental stewardship, setting a benchmark for corporate responsibility.

As of 2024, Ero Copper is ranked among the top copper producers in Brazil due to its innovative extraction techniques and solid market presence. The company continually invests in technological advancements to enhance productivity and efficiency.

The following table outlines key financial metrics and operational highlights for Ero Copper Corp. in 2024:

The extraordinary growth of Ero Copper Corp. in recent times places it in a solid position within the global mining sector, with promising prospects for future expansion and innovation.

Mission Statement of Ero Copper Corp.

Mission Statement Overview

Ero Copper Corp. is dedicated to the responsible mining and production of copper and precious metals. Its mission statement underscores key commitments to operational excellence, sustainability, and community engagement, ultimately guiding the company towards achieving its long-term objectives. The mission statement acts as a compass for the organization, aligning its strategic initiatives with its core values and stakeholder expectations.

Core Component 1: Operational Excellence

Operational excellence is at the heart of Ero Copper's mission. The company strives for efficiency, innovation, and continuous improvement in its mining operations. This commitment is reflected in metrics such as production efficiency and cost management.

• 2022 Copper Production: Approximately 45,000 tonnes
• 2022 All-in Sustaining Cost (AISC): Approximately $2.75 per pound of copper
• Projected 2024 Production Target: Between 50,000 and 55,000 tonnes

The 2022 AISC puts Ero Copper in a competitive position within the industry, showcasing operational efficiency that is critical to maintaining margins in a fluctuating copper market. The focus on innovation includes adopting new mining technologies and improving existing processes to enhance productivity.

Core Component 2: Sustainable Practices

In alignment with its mission, Ero Copper prioritizes sustainable mining practices. This commitment extends to environmental stewardship and community responsibility, ensuring that mining operations positively impact the surrounding ecosystems and local populations.

• Rehabilitation and Reclamation Initiatives: Ero Copper has invested over $2 million in environmental rehabilitation projects.
• Energy Sources: The company aims to source 30% of its energy needs from renewable sources by 2025.
• Water Management: Targeting a 40% reduction in water usage intensity by 2030.

The integration of sustainable practices is not only an ethical directive but also a strategic one, as it aligns with global trends toward sustainability and positions Ero Copper favorably among investors focused on Environmental, Social, and Governance (ESG) criteria.

Core Component 3: Community Engagement

Ero Copper recognizes the importance of engaging with local communities as part of its mission. The company aims to build strong relationships that foster mutual benefit. This includes local job creation, community development programs, and transparent communication.

• Local Employment Rate: Approximately 80% of the workforce is sourced from local communities.
• Investment in Community Programs: Over $1 million allocated in 2022 for health and education initiatives.
• Community Feedback Mechanisms: Annual surveys to gauge community impact and concerns, with a response rate of 75%.

By prioritizing community engagement, Ero Copper not only reinforces its license to operate but also enhances its corporate reputation, paving the way for long-term success in its mining endeavors.

Vision Statement of Ero Copper Corp.

Vision Statement Overview

Ero Copper Corp. aims to become a leading copper producer focused on sustainable practices, community engagement, and operational excellence. The vision emphasizes a commitment to long-term growth and value creation through responsible mining.

Commitment to Sustainable Mining

The vision statement highlights Ero Copper's dedication to sustainable mining practices. The company has set ambitious goals, with a target of achieving a 50% reduction in greenhouse gas emissions by 2030. Ero Copper plans to invest approximately $10 million in renewable energy projects by 2025 to support this initiative.

Community Engagement and Development

Ero Copper's vision underscores the importance of community relationships. The company aims to invest 10% of its annual profits into local communities where it operates. This funding will support education, healthcare, and infrastructure projects, fostering mutual growth and development.

Operational Excellence and Innovation

Under its vision statement, Ero Copper prioritizes operational excellence. The company targets an annual copper production of 50,000 metric tons by 2025. To enhance efficiency, Ero Copper is adopting advanced technologies such as automation and data analytics, projected to yield cost savings of 15% by the end of 2024.

Financial Goals and Performance Metrics

Long-Term Value Creation

The vision statement of Ero Copper reflects a commitment to long-term value. The company aims to achieve a return on equity (ROE) of 15% by 2026. This goal will be supported by strategic investments and efficient capital management, ensuring sustainable growth and shareholder value.

Core Values of Ero Copper Corp.

Safety

Safety is the cornerstone of Ero Copper Corp.'s operations. The company places paramount importance on maintaining a safe working environment for its employees and stakeholders.

In 2023, Ero Copper achieved a Total Recordable Injury Rate (TRIR) of 0.75, reflecting a commitment to stringent safety protocols and continuous improvement in workplace safety measures. Programs such as regular safety audits and safety training sessions have been pivotal in achieving this rate.

Additionally, Ero Copper implemented a comprehensive Health and Safety Management System (HSMS) that integrates risk assessment practices in all operational phases. In 2023, the company conducted over 50 safety drills, enhancing employee preparedness and response capabilities.

Integrity

Integrity is fundamental to Ero Copper's reputation and operational success. The company abides by strict ethical guidelines in all its business dealings and stakeholder interactions.

Ero Copper's integrity is demonstrated through its adherence to the Global Reporting Initiative (GRI) standards. In 2022, the company achieved a compliance rate of 98% for its sustainability reporting and transparency practices. This commitment was further recognized when Ero Copper received the 2023 Corporate Ethics Award for its transparent supply chain practices.

Sustainability

Ero Copper is dedicated to sustainable mining practices that minimize environmental impacts while promoting social responsibility. The company actively implements programs to reduce its carbon footprint and enhance community engagement.

In 2022, Ero Copper invested over $3 million in environmental rehabilitation projects. Additionally, it reduced water usage by 20% through advanced water management systems in its operations. As part of its sustainability goals, Ero Copper aims to achieve net-zero emissions by 2035.

The company has also launched community initiatives, including educational programs for local schools, with an investment of $500,000 in 2023 to support local education and workforce development.

Collaboration

Collaboration is key to Ero Copper's strategy for achieving operational excellence and innovation. The company fosters partnerships within the mining sector, local communities, and governmental bodies.

In 2023, Ero Copper partnered with local governments and NGOs to establish a community advisory board, allowing for direct communication and collaborative problem-solving regarding environmental and social concerns. This partnership led to the successful implementation of multiple sustainable development projects in the region.

Moreover, Ero Copper has engaged in strategic alliances with technology firms to enhance operational efficiency, investing $1.2 million in new technologies aimed at increasing productivity and reducing operational risks.

Excellence

Ero Copper strives for excellence in all its operations, ensuring high standards in production and customer service.

The company reported a record production of 58,000 tons of copper in 2023, exceeding its operational targets by 15%. Investment in modern mining equipment and employee training programs was instrumental in achieving this milestone.

Ero Copper has also received multiple awards for operational excellence, including the 2023 Mining Innovation Award, recognizing its efforts in adopting sustainable mining practices and enhancing operational efficiency.