Ero Copper Corp. (NYSE:ERO) Q4 2023 Earnings Conference March 8, 2024 11:30 AM ET

Company Participants

Courtney Lynn - Senior Vice President, Corporate Development and Investor Relations

David Strang - Co-Founder and Chief Executive Officer

Makko DeFilippo - President and Chief Operating Officer

Wayne Drier - Chief Financial Officer

Conference Call Participants

Ralph Profiti - Eight Capital

Gordon Lawson - Paradigm Capital

Stefan Ioannou - Cormark Securities

Operator

Thank you for standing by. This is the conference operator. Welcome to the Ero Gold -- sorry, Ero Copper Fourth Quarter and Full Year 2023 Operating and Financial Results Conference Call. [Operator Instructions] and the conference is being recorded. [Operator Instructions]

I would now like to turn the conference over to Courtney Lynn, Senior Vice President of Corporate Development, Investor Relations and Sustainability. Please go ahead.

Courtney Lynn

Thank you, operator. Good morning, and welcome to Ero Copper's Fourth Quarter and Full Year 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 3 and 12 months ended December 31, 2023. On the call with me 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 David Strang.

David Strang

Thank you, Courtney, and thank you all for joining us today. 2023 was a cornerstone year for our company, highlighted by significant accomplishments across our organic growth initiatives. In addition to making significant strides towards doubling copper production to approximately 100,000 tonnes in 2025, we achieved targeted gold production levels of nearly 60,000 ounces, following the successful completion of Xavantina's NX 60 initiative. I'm pleased to share an update on our Tucuma project, which Makko will elaborate on, where we've surpassed 90% physical completion while maintaining our forecast capital expenditure guidance of $310 million. I'm also happy to report that commissioning is advancing smoothly. We completed dry commissioning of the crushing circuit in February, beating our timeline by 1 month, and expect to put first ore through the mill in April.