Ero Copper Corp. (TSX: ERO, NYSE: ERO) ("Ero" or the “Company”) is
deeply saddened to confirm the tragic loss of a member of its team,
who succumbed to injuries sustained in a light-duty truck accident
at the Caraíba Operations. A second team member is in critical
condition. Details surrounding the incident, which occurred in a
non-operational area on surface, are still under investigation.
In response to this tragedy, the Company
immediately activated its emergency response and safety protocols
which included suspending operations, notifying the relevant
government authorities, and undertaking a full investigation.
Operations at Caraíba are expected to resume tomorrow.
“We are profoundly saddened by this tragic
incident, and our sincerest thoughts are with our colleagues’
families, friends, coworkers and community during this difficult
time,” said David Strang, CEO of Ero Copper.
ABOUT ERO COPPER CORPEro is a
high-margin, high-growth 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 Project (formerly known as Boa
Esperança), an IOCG-type copper project 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 Project, can be found on SEDAR+ at
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
CONTACTCourtney Lynn, SVP, Corporate Development, Investor
Relations & Sustainability (604) 335-7504info@erocopper.com
CAUTION REGARDING FORWARD LOOKING
INFORMATION AND STATEMENTSThis 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 timing of restarting
operations at the Caraíba Operations 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 AIF 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: 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, 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.
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