Ero Copper Corp. (NYSE:ERO) Q2 2022 Earnings Conference Call August 3, 2022 11:30 AM ET

Company Participants

Courtney Lynn - VP, Corporate Development and IR

Christopher Noel Dunn - Executive Chairman

David Strang - Chief Executive Officer

Makko DeFilippo - President

Wayne Drier - Chief Financial Officer

Conference Call Participants

Dalton Baretto - Canaccord Genuity

Jackie Przybylowski - BMO Capital Markets

Bryce Adams - CIBC Capital Markets

Stefan Ioannou - Cormark Securities

Bert Whitson - American Century Investments

Operator

Thank you for standing by. This is the conference operator. Welcome to the Ero Copper Second Quarter 2022 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 Noel Dunn, Executive Chairman of Ero Copper for opening remarks. Please go ahead.

Christopher Noel Dunn

Thank you, and good morning, everyone. The news release announcing Ero's second quarter 2022 operating and financial results is available on our website, as are our financial statements and MD&A for the three months and six months ended June 30, 2022.

As usual, we will be making forward-looking statements on this call that involve risks and uncertainties considering the businesses, operations and financial performance of the Company. We will refer you to our most recent AIF available on our website, SEDAR and EDGAR, for a discussion of the risk factors of our business and their potential impacts on future performance. Unless otherwise noted, all amounts are in U.S. dollars.

Joining me on the call today are David Strang, Ero's Co-Founder and Chief Executive Officer; Makko DeFilippo, President; Wayne Drier, Chief Financial Officer; and Courtney Lynn, Vice President, Corporate Development and Investor Relations.

Before discussing our second quarter results and the outlook of our business, I want to remind listeners that last quarter we announced a rebranding and have renamed the Ero portfolio of operations and going forward we’ll be referring to our MCSA Mining Complex as the Caraiba operations; our NX Gold Mine will be referred to as Javentina operations and our Boa Esperança project will now be referred to as our Toucama project.

Our second quarter from my perspective can be summarized by four main elements. One, while we are still in the early phases of execution on our strategic growth initiatives, our team’s adherence to our capital budget thus far is noteworthy. Our growth projects remain on track and well within contingency estimates for line items secured to date representing approximately 70% and 30% of the planned capital expenditures for the deepening and the Toucama projects respectively.