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ERO COPPER AUGUST 4 , 2021 TSX : ERO NYSE : ERO Ero Copper reports record cash flow from operations of $ 85.1 million in the second quarter ( all amounts in US dollars , unless otherwise noted ) Vancouver , British Columbia – Ero Copper Corp. ( TSX : ERO , NYSE : ERO ) ( “ Ero " or the " Company " ) today is pleased to announce its financial results for the three months ended June 30 , 2021. Management will host a conference call tomorrow , Thursday , August 5 , 2021 , at 11:30 a.m. Eastern time to discuss the results . Dial - in details for the call can be found near the end of this press release . HIGHLIGHTS • • • Copper production of 10,898 tonnes at the MCSA Mining Complex at C1 cash costs ( * ) of $ 0.72 per pound of copper produced during the quarter ; of $ 499 per Gold production of 10,377 ounces at the NX Gold Mine at C1 cash costs ( ounce of gold produced and All - in Sustaining Costs ( * ) of $ 660 per ounce of gold produced ; Strong quarterly adjusted EBITDA ( * ) of $ 85.5 million and adjusted net income attributable to owners of the Company ( * ) of $ 53.7 million ( $ 0.58 per share on a diluted basis ) ; • Record quarterly cash flow from operations of $ 85.1 million driven by strong performance across the Company's operations as well as elevated copper and gold prices ; • • • Total cash and cash equivalents of $ 137.7 million , an increase of $ 53.1 million quarter- over - quarter and $ 75.1 million since the end of 2020 ; Announced a $ 110 million streaming agreement with Royal Gold ( as defined below ) in relation to gold production from the NX Gold Mine ( the “ NX Gold Stream ” ) , unlocking significant shareholder value from the mine and further enhancing the Company's balance sheet ; Net debt position of $ 19 million at the end of the quarter ( excluding proceeds from the NX Gold Stream ) versus $ 74 million at the end of Q1 2021 ; and , Reiterating full - year production , operating cost and capital expenditure guidance for 2021 . Commenting on the results , David Strang , CEO , stated , “ We have built strong momentum on all fronts throughout our organization as we enter the second half of 2021. Our operating results were highlighted by a continuation of higher - than - forecasted grades in the Pilar Mine , aided during the second quarter by an ongoing value engineering program allowing us to access and mine high - grade stopes previously believed to be sterilized within the upper levels of the Pilar Mine . These efforts allowed us to maintain strong copper production while successfully completing the first of two phases of scheduled mill maintenance at the MCSA Mining Complex , and as a 1 Ero Copper Corp 625 Howe Street | Suite 1050 | Vancouver | BC | V6C 2T6 | Canada