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1、ANNUAL REVIEW20190ANNUAL REVIEW20190AnnualReport2019Table of Contents32019 Highlights4Letter from the Executive Chairman5Letter from the President&CEO7Managements Discussion and Analysis4084Ero Copper is a first-quartile copper producer focused on continued development of an emerging world-class min
2、eral district in BrazilOur primary asset is a 99.6%interest in the Brazilian copper mining company,Minerao Caraba S.A.(“MCSA”),100%owner of the Vale do Cura Property with over 40 years of operating history in the region,featuring excess mill capacity and a highly-prospective under-explored land pack
3、age within the Cura Valley totaling approximately 153,741 hectares.TSX:EROWWW.EROCOPPER.COMERO COPPER|2019 ANNUAL REPORT|120.1 30.4 42.3 201720182019MCSA Copper Production(kt)64 158 235 201720182019MCSA Kilometres Drilled(km)Industry-Leading Exploration ProgramContinuing Organic Growth2019 Highlight
4、sLetter from the Executive ChairmanLetter from the President&CEOManagements Discussion and AnalysisConsolidated Financial StatementsCorporate InformationERO COPPERERO COPPER|2019 ANNUAL REPORT|212351235MCSA Mining Complex(Cura Valley)Fully integrated mining and processing facilities located in Bahia
5、 State.A conventional three-stage crush and flotation circuit produces a high-grade,clean copper concentrate.The Company is focused on creating value through one of the worlds most comprehensive exploration programs currently underway in the Cura Valley.NX Gold MineThe high-grade NX Gold Mine,locate
6、d in Mato Grosso State,produces gold and silver.Underground mining occurs within the newly discovered San Antonio vein.High-grade ore is processed via conventional gravity concentration with intensive leach and a flotation/carbon-in-leach circuit at the Nova Xavantina Mill.Boa Esperana Project Turn-