Ero Copper Corp. (NYSE:ERO) Q1 2023 Earnings Conference Call May 9, 2023 11:30 AM ET
Company Participants
Courtney Lynn – VP, Corporate Development & IR
David Strang – CEO
Makko DeFilippo – President and COO
Wayne Drier – CFO
Conference Call Participants
Gordon Lawson - Paradigm Capital
Stefan Ioannou - Cormark Securities
Orest Wowkodaw - Scotiabank
Unidentified Analyst - William Blair
Operator
Thank you for standing by. This is the conference Operator. Welcome to the Ero Copper First Quarter 2023 Financial and Operating Results Conference Call. As a reminder all participants are in listen-only mode and the conference is being recorded. After the presentation there will be an opportunity to ask questions. [Operator Instructions]. I would now like to turn the conference over to Courtney Lynn, Vice President, Corporate Development and Investor Relations for opening remarks. Please go ahead.
Courtney Lynn
Thank you, operator. Good morning and welcome to Ero Copper's First Quarter 2023 Earnings Call. Our operating and financial results were released yesterday afternoon and are available on our website as are our financial statements and MD&A for the three months ended March 31, 2023. On the call today are David Strang, Ero's Co-Founder and Chief Executive Officer; Makko DeFilippo, President and Chief Operating Officer; and Wayne Drier, Chief Financial Officer.
We will be making forward-looking statements that involve risks and uncertainties from which actual results may differ materially. We would refer you to our most recent annual information form available on our website, SEDAR and EDGAR, for a discussion of the risk factors of our business and their potential impact on future performance. As a reminder, unless otherwise noted, all amounts are in U.S. dollars. I will now pass the call over to CEO, David Strang.
David Strang
Thank you, Courtney and thank you, everyone for joining us today. I'm pleased to report that we've had a strong start to 2023 at Ero. Despite ongoing global economic uncertainty, both copper and gold prices remained at favorable levels during the period, and we expect global policies aimed at reducing carbon emissions will continue to support copper prices for the foreseeable future.
During the first quarter, favorable metal price dynamics combined with strong operating performance, including record quarterly gold production drove solid first quarter financial results, including adjusted EBITDA of $48.2 million and adjusted net income attributable to the owners of the company of $22.5 million or $0.24 per share on a diluted basis.