- Ero Copper (ERO) has received approval to list its shares on the New York Stock Exchange
- The company is set to begin trading on the NYSE on June 15 under the ticker symbol “ERO”
- Shares of Ero Copper will continue trading on the Toronto Stock Exchange
- The company’s shares will cease trading on the OTC Markets
- Ero Copper’s share price increased up 0.39 per cent to close at C$28.15
Ero Copper has received approval to list its shares on the New York Stock Exchange.
Shares of Ero Copper will begin trading on the premium US stock exchange beginning June 15 under the ticker symbol “ERO.”
As a result, its shares will delist from the OTC Markets but will remain listed on the Toronto Stock Exchange for Canadian investors.
Headquartered in Vancouver, BC Ero is focused on copper production from its Vale do Curaca Property in Bahia, Brazil.
Additionally, its primary asset is its 99.6 per cent interest in Brazilian copper mining company MSCA, which is the 100 per cent owner of the Vale do Curaca property.
The company’s business strategy is mostly focused on increasing high-grade mineral reserves, extending mine life and maximizing mill throughput of the operations while also leveraging excess capacity of installed infrastructure.
Ero Copper also has a development project, the Boa Esperanca project, which is located in Para state. The project has the potential to provide low-cost production growth to Ero Copper.
Shares of Ero Copper increased up 0.39 per cent to close at C$28.15.