Ero Copper announces leadership succession
Vancouver-headquartered Ero Copper has announced several leadership changes, following the retirement of co-founder and chairperson, Noel Dunn.
David Strang, cofounder and current CEO, will assume the role of executive chairperson and Makko DeFilippo, current president and COO, will be appointed president and CEO.
Gelson Batista will succeed DeFilippo as COO.
“It has been a tremendous privilege to be a part of Ero Copper from its inception to the high-growth copper producer it is today. As I retire from the board, I remain immensely proud of what we have accomplished and am excited about the company’s bright future under Makko’s leadership,” commented Dunn.
Ero’s primary asset is a 99.6% interest in the Brazilian copper mining company Mineração Caraíba, 100% owner of the Caraíba Operations, including the Pilar and Vermelhos underground mines and the Surubim openpit mine, and the Tucumã Operation.
“Having guided Ero from its early days as a 20 000 t/y copper producer to what I anticipate will become a 100 000 t producer, and with a stable financial footing across three operations, the time is right for me to transition day-to-day leadership to Makko, who has been integral to our success. As executive chairman, I will remain actively involved in Ero’s strategic direction, and I am confident that with Makko’s strong leadership and vision, Ero will continue to prosper and grow,” said Strang.
Meanwhile, Ero adjusted its full-year production guidance following delays in achieving commercial production at the Tucumã operation. The delays were the result of power disruptions in the third quarter.
The company is forecasting production of 43 000 t to 48 000 t of copper in concentrate.
In the third quarter, the Caraiba operation produced 10 766 t of copper, while the Xavantina operation produced 31 446 oz of gold.
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