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Ero Copper Corp. (TSX: ERO, NYSE: ERO) reports a temporary power disruption at its Tucumã Operation following a severe windstorm in Pará State, Brazil on October 5, 2024. The storm damaged the regional power grid, affecting over 200,000 residents and major industrial users. While residential power has been restored, full restoration for industrial consumers is expected within two weeks.
The disruption has impacted the milling, flotation, and filtration circuits of the processing plant, while mining and crushing operations continue unaffected. Ero Copper anticipates the primary impact will be on the processing plant’s ramp-up schedule and full-year production results. The company remains prepared to manage this temporary situation and will provide updates as it develops.
Ero Copper Corp. (TSX: ERO, NYSE: ERO) riporta una interruzione temporanea dell’energia presso la sua Operazione di Tucumã a seguito di una violenta tempesta di vento nello Stato di Pará, Brasile, il 5 ottobre 2024. La tempesta ha danneggiato la rete elettrica regionale, colpendo oltre 200.000 residenti e grandi utenti industriali. Sebbene l’energia residenziale sia stata ripristinata, il ripristino completo per i consumatori industriali è previsto entro due settimane.
L’interruzione ha avuto un impatto sui circuiti di macinazione, flottazione e filtrazione dell’impianto di lavorazione, mentre le operazioni di estrazione e frantumazione continuano senza influenze. Ero Copper prevede che l’impatto principale sarà sul programma di aumento della capacità dell’impianto di lavorazione e sui risultati di produzione dell’intero anno. L’azienda rimane pronta a gestire questa situazione temporanea e fornirà aggiornamenti man mano che si sviluppa.
Ero Copper Corp. (TSX: ERO, NYSE: ERO) informa sobre una interrupción temporal de energía en su Operación Tucumã tras una fuerte tormenta de viento en el Estado de Pará, Brasil, el 5 de octubre de 2024. La tormenta dañó la red eléctrica regional, afectando a más de 200,000 residentes y a importantes usuarios industriales. Si bien se ha restaurado la energía residencial, se espera que la restauración completa para los consumidores industriales ocurra en un plazo de dos semanas.
La interrupción ha impactado los circuitos de molienda, flotación y filtración de la planta de procesamiento, mientras que las operaciones de minería y trituración continúan sin afectar. Ero Copper anticipa que el impacto principal se centrará en el cronograma de aumento de la planta de procesamiento y en los resultados de producción del año completo. La empresa está preparada para gestionar esta situación temporal y proporcionará actualizaciones a medida que se desarrolle.
Ero Copper Corp. (TSX: ERO, NYSE: ERO)는 2024년 10월 5일 브라질 파라 주에서 발생한 심각한 바람 폭풍으로 인해 Tucumã 운영에서 일시적인 전력 중단이 있었다고 보고했습니다. 이 폭풍은 지역 전력망에 피해를 주어 20만 명 이상의 주민과 주요 산업 사용자에게 영향을 미쳤습니다. 주거용 전력은 복구되었지만, 산업 소비자에 대한 완전한 복구는 2주 이내에 이루어질 것으로 예상됩니다.
이번 중단은 가공 공장의 분쇄, 부유 및 여과 회로에 영향을 미쳤으며, 채굴 및 분쇄 작업은 영향 없이 계속 진행되고 있습니다. Ero Copper는 주요 영향이 가공 공장의 가동 계획 및 연간 생산 결과에 있을 것으로 예상하고 있습니다. 회사는 이 일시적인 상황을 관리할 준비가 되어 있으며, 상황이 발전함에 따라 업데이트를 제공할 것입니다.
Ero Copper Corp. (TSX: ERO, NYSE: ERO) fait état d’une interruption temporaire de courant à son opération de Tucumã suite à une violente tempête de vent dans l’État de Pará, au Brésil, le 5 octobre 2024. La tempête a endommagé le réseau électrique régional, affectant plus de 200 000 résidents ainsi que des utilisateurs industriels majeurs. Bien que l’alimentation résidentielle ait été restaurée, la restauration complète pour les consommateurs industriels est attendue dans les deux semaines.
L’interruption a affecté les circuits de broyage, de flottation et de filtration de l’usine de traitement, tandis que les opérations d’extraction et de concassage restent inchangées. Ero Copper anticipe que l’impact principal sera sur le programme d’augmentation de l’usine de traitement et les résultats de production annuels. L’entreprise est prête à gérer cette situation temporaire et fournira des mises à jour au fur et à mesure de l’évolution de la situation.
Ero Copper Corp. (TSX: ERO, NYSE: ERO) berichtet von einer vorübergehenden Stromunterbrechung in seinem Tucumã-Betrieb nach einem schweren Sturm im Bundesstaat Pará, Brasilien, am 5. Oktober 2024. Der Sturm beschädigte das regionale Stromnetz und beeinflusste über 200.000 Einwohner sowie große Industrieanwender. Während die Wohnstromversorgung wiederhergestellt wurde, wird die vollständige Wiederherstellung für industrielle Nutzer innerhalb von zwei Wochen erwartet.
Die Unterbrechung hat die Mahl-, Flotations- und Filtrationskreisläufe der Verarbeitungsanlage beeinträchtigt, während die Bergbau- und Zerkleinerungsoperationen unbeeinträchtigt weiterlaufen. Ero Copper erwartet, dass der Hauptschaden den Hochlaufzeitplan der Verarbeitungsanlage und die Ergebnisse der Gesamtjahresproduktion beeinflussen wird. Das Unternehmen ist bereit, diese vorübergehende Situation zu bewältigen, und wird entsprechende Updates bereitstellen, sobald sich die Situation entwickelt.
Positive
- No damage to infrastructure at the Tucumã Operation
- Mining and crushing operations remain unaffected
- Ore continues to be stockpiled during the disruption
Negative
- Temporary power disruption at Tucumã Operation
- Processing plant’s milling, flotation, and filtration circuits impacted
- Expected delay in processing plant ramp-up schedule
- Potential impact on full-year production results
VANCOUVER, British Columbia, Oct. 06, 2024 (GLOBE NEWSWIRE) — Ero Copper Corp. (TSX: ERO, NYSE: ERO) (“Ero” or the “Company”) announces that its Tucumã Operation has experienced a temporary power disruption following a severe localized windstorm that occurred in the southwest region of the Carajás Mineral Province in Pará State, Brazil on October 5, 2024. The Company’s workforce is safe, and there has been no damage to infrastructure at the Tucumã Operation.
The regional power grid, including the main 230kV transmission line servicing the region, sustained damage during the storm, resulting in a loss of power to more than 200,000 residents as well as major industrial users. Power has since been fully restored to residential communities and partially restored to industrial consumers. The owner and operator of the transmission line has advised that full power restoration to industrial consumers, including the Company’s Tucumã Operation, is expected within two weeks.
The power disruption at Tucumã has impacted the milling, flotation and filtration circuits within the processing plant. Mining and crushing operations remain unaffected, with ore continuing to be placed on the run-of-mine and crushed ore stockpiles. The Company expects the primary impact will be on the ramp-up schedule of the processing plant, and in turn, full-year production results at the Tucumã Operation. While the extent of the impact will depend on the timing of full power restoration, Ero Copper remains well-positioned to manage this temporary disruption and will provide further updates as the situation develops.
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 Operation (formerly known as Boa Esperança), an open pit copper mine 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 Operation, can be found on SEDAR+ (www.sedarplus.ca/landingpage/) 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, SVP, Corporate Development, Investor Relations & Sustainability (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 expected restoration of power and the restart of the processing plant at the Tucumã Operation; the Company’s ability to manage the impact of the power disruption to the commissioning timeline at the Tucumã Operation and to its full-year production results; and any other statement that may predict, forecast, indicate or imply future plans, intentions, levels of activity, results, performance or achievements.
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 Company’s most recent Annual Information Form 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.
FAQ
What caused the power disruption at Ero Copper’s Tucumã Operation?
A severe localized windstorm on October 5, 2024, in the Carajás Mineral Province, Pará State, Brazil, damaged the regional power grid, causing a temporary power disruption at Ero Copper’s Tucumã Operation.
How long is the power disruption expected to last at Ero Copper’s Tucumã Operation?
Full power restoration to industrial consumers, including Ero Copper’s Tucumã Operation, is expected within two weeks, according to the transmission line owner and operator.
What parts of Ero Copper’s Tucumã Operation are affected by the power disruption?
The power disruption has impacted the milling, flotation, and filtration circuits within the processing plant at Ero Copper’s Tucumã Operation. Mining and crushing operations remain unaffected.
How will the power disruption impact Ero Copper’s (ERO) production?
Ero Copper expects the primary impact to be on the ramp-up schedule of the processing plant and, consequently, on the full-year production results at the Tucumã Operation. The extent of the impact will depend on the timing of full power restoration.
