Ero Copper Expands Royal Gold Deal at Xavantina

Ero Copper Corp. (NYSE:ERO) is among the 11 Best Copper Stocks to Buy Now. It renewed its Precious Metals Purchase Agreement with Royal Gold with a $50 million Stream Supplement, bringing total proceeds to $160 million since 2021.

A vast open-pit mine in a remote area, revealing the mining operations of the company.

Ero Copper Corp. (NYSE:ERO) has extended Stage II gold delivery milestones at its Xavantina Operations in Brazil and broadened the stream’s sphere of effect in return. It is anticipated that additional gold delivery under the Stream Supplement will start in 2028.

Royal Gold will continue to receive 25% of the gold produced at 20% of the spot price under the revised terms, which apply to the first 49,000 ounces (Stage I), of which 45,177 ounces had been delivered by December 31, 2024.

Royal Gold will get 25% of the gold at 40% of the spot price under stage II terms, which are in effect until 160,000 cumulative ounces are delivered. Stage III will generate 10% of production at 40% of the spot price for the life of the mine. Royal Gold’s allocation is increased by 40,200 ounces by the Stream Supplement. The proceeds help Xavantina’s long-term growth and 2025 capital expenditure plans.

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