Ero Copper Corp. (NYSE:ERO) Q1 2024 Earnings Conference Call May 8, 2024 11:30 AM ET

Company Participants

Courtney Lynn - Senior Vice President of Corporate Development, Investor Relations and Sustainability
David Strang - Co-Founder & Chief Executive Officer
Makko DeFilippo - President & Chief Operating Officer
Wayne Drier - Chief Financial Officer

Conference Call Participants

Gordon Lawson - Paradigm Capital
Orest Wowkodaw - Scotiabank
Craig Hutchison - TD Securities
Stefan Ioannou - Cormark Securities
Connor Mackay - Ventum Financial

Operator

Thank you for standing by. This is the conference operator. Welcome to the Ero Copper First Quarter 2024 Operating and Financial 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, Senior Vice President of Corporate Development, Investor Relations and Sustainability. Please go ahead. Presenter Speech

Courtney Lynn

Thank you, operator. Good morning and welcome to Ero Copper's first quarter 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, 2024.

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 and unless otherwise noted, all amounts are in US dollars.

I will now pass the call over to David Strang.

David Strang

Thank you, Courtney, and thank you everyone for joining us today. We've had a great start to 2024, driven by the strong execution of our growth strategy coinciding with highly favorable market conditions for copper and gold.

During the quarter, copper prices rallied to their highest levels in nearly two years, fueled by rising demand expectations while the supply outlook remains extremely constrained as evidenced by our recent treatment and refining charge negotiations where we locked in two-year TC/RC terms in the low teens on roughly one-third of our projected concentrate production.