Past year: ▲ 75%(29.95 – 52.38 CAD)
Each one in plain English, with the numbers worked through for a shareholder.
26 Jan 2022debt financing● NeutralMajor
Ero priced the $400 million Senior Notes offering at par with a 6.50% annual interest rate, maturing February 15, 2030, and expected to close February 2, 2022. This confirms the January 24 proposal; use of proceeds and the planned cut of the revolver to $75 million are unchanged.
24 Jan 2022debt financing● NeutralMajor
Ero announced it intends to offer $400 million of Senior Notes due 2030, guaranteed by its 99.6%-owned subsidiary MCSA. Proceeds, with cash, would repay about $50 million drawn on its revolving credit facility, fund Boa Esperança construction (expected to start in Q2 2022 subject to board approval) and general purposes, and the revolver would be cut from $150 million to $75 million if the offering closes.
11 Jan 2022production update▲ GoodMajor
Ero announced it beat its 2021 production guidance and gave a 5-year outlook, per the headline. The text provided is only the cover page, so actual production numbers and outlook details are not available.
15 Nov 2021resource reserve update● Neutral
Ero said it filed the 2021 technical report for the Boa Esperança project, which supports the feasibility study announced in September 2021. The text provided contains no figures.
15 Oct 2021drilling result▲ Good
Ero reported a drill hole of 71.2 meters grading 3.55% copper in the Deepening Extension zone of the Pilar Mine, per the headline, extending high-grade mineralization there. The text provided gives only the cover page, so no further detail is available.
28 Sept 2021resource reserve update▲ GoodMajor
Ero announced results of an optimized feasibility study for the Boa Esperança project; the headline says it doubles life-of-mine copper production. The filing text provided contains only the cover page and exhibit list, so no figures, costs or timelines are available from it.
15 June 2021listing compliance notice● Neutral
Ero Copper's common shares began trading on the New York Stock Exchange on June 15, 2021 under the ticker ERO, alongside its existing Toronto listing, and stopped trading on the OTC Markets. Shareholders did not need to take any action.
