Ero Copper announces closing of streaming deal with
VANCOUVER, British Columbia, August 06, 2021 (GLOBE NEWSWIRE) – Ero Copper Corp. (TSX: ERO, NYSE: ERO) (â€œEroâ€ or the â€œCompanyâ€) is pleased to announce that it has entered into the previously announced Precious Metals Purchase Agreement (the â€œNX Gold Streamâ€) with RGLD Gold AG (â€œRG AGâ€) , a wholly owned subsidiary of Royal Gold, Inc. The Company received an initial total cash consideration of US $ 100 million from RG AG in exchange for 25% of the gold produced from the NX gold mine until 93,000 ounces of gold have been delivered, decreasing to 10% of the gold produced over the remaining life of mine. RG AG will make ongoing payments equal to 20% of the prevailing spot gold price for each ounce of gold delivered until 49,000 ounces of gold have been received, after which it will pay 40% of the price. spot gold in effect for each ounce of gold delivered.
Full details of the transaction are available in the Company’s press release dated June 30, 2021.
ABOUT ERO COPPER CORP
Ero Copper Corp, headquartered in Vancouver, British Columbia, is focused on growing copper production from the MCSA mining complex located in the state of Bahia, Brazil, with more than 40 years of operation in the region. The Company’s primary asset is a 99.6% stake in Brazilian copper mining company MCSA, which owns 100% of the MCSA mining complex, which includes operations located in the CuraÃ§Ã¡ Valley, State of Bahia. , in Brazil, where the Company is currently mining copper ore. the Pilar and Vermelhos underground mines; and the Boa EsperanÃ§a development project, an IOCG-type copper project located in ParÃ¡, Brazil. The Company also owns 97.6% of the NX Gold Mine, an operating gold and silver mine located in Mato Grosso, Brazil. Additional information on the Company and its operations, including technical reports on the MCSA mining complex, the Boa EsperanÃ§a and NX Gold properties, are available on the Company’s website (www.erocopper.com), on SEDAR (www .sedar.com) and on EDGAR (www.sec.gov).
|ERO COPPER CORP.|
|Sign: “David Strang”||For more information contact:|
|David Strang, CEO||Courtney Lynn, Vice President, Corporate Development and Investor Relations|