Ero Copper Corp. (TSX: ERO, NYSE: ERO) (“Ero” or
the “Company”) is pleased to announce the publication of its 2022
Sustainability Report (the “Report”). This Report provides an
update on the Company’s strategy, practices, performance and
management approach to key environmental, social and governance
(“ESG”) topics. The Report is available on the Sustainability
section of Ero’s website (www.erocopper.com).
“Our 2022 Sustainability Report highlights the
Company’s commitment to creating value for all stakeholders through
responsible mining and corporate citizenship,” said David
Strang, Ero’s Chief Executive Officer. “As the global
decarbonization movement gains momentum and stakeholder interests
converge, we firmly believe that upholding strong ESG principles
and performance will translate into positive financial
outcomes.
“We take immense pride in our position in the
evolving copper supply landscape, where carbon-intensity of
production is emerging as a defining factor. Consumers’ growing
preference for low-carbon goods, as well as the implementation of
government policies and cross-border carbon taxes aimed at reducing
greenhouse gas emissions, are driving this stratification. With
approximately 85% of Brazil’s power sourced from renewable energy,
we are proud to produce some of the lowest carbon-intensity copper
globally and look forward to expanding our contributions to the
green economy with the addition of the Tucumã Project.
“Our commitment to sustainability extends beyond
reduction of greenhouse gas emissions. At our Caraíba Operations,
we have made notable progress in aligning with the Mining
Association of Canada’s Towards Sustainable Mining standard.
Additionally, we have made significant strides in (i) improving
access to healthcare, (ii) providing support for the mental health
of our workforce, (iii) enhancing the diversity of our workforce,
and (iv) aligning with the Task Force on Climate-related Financial
Disclosures.
“At Ero, we understand that sustainable
practices are not only an ethical responsibility but also a
catalyst for long-term success. We are resolute in our dedication
to maintaining high ESG standards as we pursue a more sustainable
future for all.”
2022 ESG HIGHLIGHTS
- Advanced the Company’s alignment with the recommendations of
the Task Force on Climate-related Financial Disclosures, including
completion of a transition risk scenario analysis
- Advanced alignment of the Caraíba Operations with the Mining
Association of Canada’s Towards Sustainable Mining standard,
including the completion of a self- assessment
- Advanced a $4.5 million investment in a local hospital clinic
expansion project that will serve approximately 70,000 people near
the Caraíba Operations
- Provided in excess of 7.5 million cubic meters of water to the
communities and farmers near the Caraíba Operations
- Achieved a consolidated process water recycling rate of
91%
- Hired an occupational psychologist to support behavioral safety
across the Company’s operations
- At the Caraíba Operations, awarded the Incredible Places to
Work Award from Universo Online and the Fundação Instituto de
Administração (“FIA”), honouring Brazilian companies with high
employee satisfaction
ABOUT ERO COPPER CORP
Ero is a high-margin, high-growth, low
carbon-intensity copper producer with operations in Brazil and
corporate headquarters in Vancouver, B.C. The Company’s primary
asset is a 99.6% interest in the Brazilian copper mining company,
Mineração Caraíba S.A. (“MCSA”), 100% owner of the Company’s
Caraíba Operations (formerly known as the MCSA Mining Complex),
which are located in the Curaçá Valley, Bahia State, Brazil and
include the Pilar and Vermelhos underground mines and the Surubim
open pit mine, and the Tucumã Project (formerly known as Boa
Esperança), an IOCG-type copper project located in Pará, Brazil.
The Company also owns 97.6% of NX Gold S.A. (“NX Gold”) which owns
the Xavantina Operations (formerly known as the NX Gold Mine),
comprised of an operating gold and silver mine located in Mato
Grosso, Brazil. Additional information on the Company and its
operations, including technical reports on the Caraíba Operations,
Xavantina Operations and Tucumã Project, can be found on the
Company’s website (www.erocopper.com), on SEDAR (www.sedar.com),
and on EDGAR (www.sec.gov). The Company’s shares are publicly
traded on the Toronto Stock Exchange and the New York Stock
Exchange under the symbol “ERO”.
FOR MORE INFORMATION, PLEASE
CONTACT
Courtney Lynn, VP, Corporate Development &
Investor Relations (604) 335-7504
info@erocopper.com
CAUTION REGARDING FORWARD LOOKING INFORMATION
AND STATEMENTS
This press release contains “forward-looking
statements” within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and “forward-looking
information” within the meaning of applicable Canadian securities
legislation (collectively, “forward-looking statements”).
Forward-looking statements include statements that use
forward-looking terminology such as “may”, “could”, “would”,
“will”, “should”, “intend”, “target”, “plan”, “expect”, “budget”,
“estimate”, “forecast”, “schedule”, “anticipate”, “believe”,
“continue”, “potential”, “view” or the negative or grammatical
variation thereof or other variations thereof or comparable
terminology. Forward-looking statements may include, but are not
limited to, statements with respect to the Company’s ongoing
sustainability efforts, including but not limited to the expected
benefit or effectiveness of any given program, the Company’s
successful execution of its 2023 sustainability goals, the
Company’s plans for future alignment with the recommendations of
the Task Force on Climate-related Financial Disclosures, the
Company’s plans for future alignment with Towards Sustainable
Mining, the Company’s ability to reduce greenhouse gases and its
carbon footprint, and the Company’s plans for continuation of
environmental remediation efforts and social programs.
Forward-looking statements are subject to a
variety of known and unknown risks, uncertainties and other factors
that could cause actual results, actions, events, conditions,
performance or achievements to materially differ from those
expressed or implied by the forward-looking statements, including,
without limitation, risks discussed in this press release and in
the Company’s Annual Information Form for the year ended December
31, 2022 and dated March 7, 2023 (the “AIF”) under the heading
“Risk Factors”. The risks discussed in this press release and in
the AIF are not exhaustive of the factors that may affect any of
the Company’s forward-looking statements. Although the Company has
attempted to identify important factors that could cause actual
results, actions, events, conditions, performance or achievements
to differ materially from those contained in forward-looking
statements, there may be other factors that cause results, actions,
events, conditions, performance or achievements to differ from
those anticipated, estimated or intended.
Forward-looking statements are not a guarantee
of future performance. There can be no assurance that
forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Forward-looking statements involve
statements about the future and are inherently uncertain, and the
Company’s actual results, achievements or other future events or
conditions may differ materially from those reflected in the
forward-looking statements due to a variety of risks, uncertainties
and other factors, including, without limitation, those referred to
herein and in the AIF under the heading “Risk Factors”.
The Company’s forward-looking statements are
based on the assumptions, beliefs, expectations and opinions of
management on the date the statements are made, many of which may
be difficult to predict and beyond the Company’s control. In
connection with the forward-looking statements contained in this
press release and in the AIF, the Company has made certain
assumptions about, among other things: continued effectiveness of
the measures taken by the Company to mitigate the possible impact
of COVID-19 on its workforce and operations; favourable equity and
debt capital markets; the ability to raise any necessary additional
capital on reasonable terms to advance the production, development
and exploration of the Company’s properties and assets; future
prices of copper, gold and other metal prices; the timing and
results of exploration and drilling programs; the accuracy of any
mineral reserve and mineral resource estimates; the geology of the
Caraíba Operations, the Xavantina Operations and the Tucumã Project
being as described in the respective technical report for each
property; production costs; the accuracy of budgeted exploration,
development and construction costs and expenditures; the price of
other commodities such as fuel; future currency exchange rates and
interest rates; operating conditions being favourable such that the
Company is able to operate in a safe, efficient and effective
manner; work force continuing to remain healthy in the face of
prevailing epidemics, pandemics or other health risks (including
COVID-19), political and regulatory stability; the receipt of
governmental, regulatory and third party approvals, licenses and
permits on favourable terms; obtaining required renewals for
existing approvals, licenses and permits on favourable terms;
requirements under applicable laws; sustained labour stability;
stability in financial and capital goods markets; availability of
equipment; positive relations with local groups and the Company’s
ability to meet its obligations under its agreements with such
groups; and satisfying the terms and conditions of the Company’s
current loan arrangements. Although the Company believes that the
assumptions inherent in forward-looking statements are reasonable
as of the date of this press release, these assumptions are subject
to significant business, social, economic, political, regulatory,
competitive and other risks and uncertainties, contingencies and
other factors that could cause actual actions, events, conditions,
results, performance or achievements to be materially different
from those projected in the forward-looking statements. The Company
cautions that the foregoing list of assumptions is not exhaustive.
Other events or circumstances could cause actual results to differ
materially from those estimated or projected and expressed in, or
implied by, the forward-looking statements contained in this press
release. There can be no assurance that forward-looking statements
will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements.
Forward-looking statements contained herein are
made as of the date of this press release and the Company disclaims
any obligation to update or revise any forward-looking statement,
whether as a result of new information, future events or results or
otherwise, except as and to the extent required by applicable
securities laws.
Ero Copper (TSX:ERO)
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