Ero Copper Corp.
EROEro Copper Corp. is a Canadian mining company focused on the exploration, development, and production of copper resources. It primarily operates the Costa Rica mine in Brazil, which includes the Mineração Caraíba copper mine. The company is engaged in sustainable mining practices and aims to grow through exploration and acquisition activities in copper-rich regions.
Company News
Soma Gold Corp announced successful drill results at its Cordero Mine in Colombia, extending the Atenas Zone with high-grade gold intercepts, including a notable 45.2 g/t Au over 5.55 meters. The drilling program has expanded the known strike and dip extent of the mineralized zone.
Ero Copper has extended its precious metals purchase agreement with Royal Gold by an additional $50 million, allowing for increased gold production from the Xavantina Operations in Brazil. The extension will support ongoing growth and asset integrity investment programs at the mine.
Canadian stocks closed higher on Thursday, with the S&P/TSX Composite index rising 0.87%. The best performers were MTY Food Group, NovaGold Resources, and Pan American Silver, while the worst performers were CES Energy Solutions, Capstone Mining, and Ero Copper.
Teck Resources has agreed to sell its 77% stake in its steelmaking coal business, Elk Valley Resources, to Glencore for $6.9 billion. The proceeds will be used to reduce debt and return cash to shareholders, allowing Teck to focus on expanding its copper portfolio and capitalizing on the energy transition trend.
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