BMO Capital and Bank of America Securities assigned a Buy rating to Ero Copper (ERO), while TR | OpenAI – 4o reiterated a Hold rating. The company's shares opened at $13.54, with a market cap of $1.4B and a P/E ratio of 74.61.

Ero Copper Corp reported Q2 2025 earnings of $0.46 EPS, exceeding forecasts by 25.2%, despite a revenue shortfall. The stock price remained stable at $13.52.

Ero Copper Corp reported record copper production in Q2 2025, with Caraíba Operations producing 15,513 tonnes of copper at $2.07 per pound C1 cash cost. Tucumã Operations saw a 25% quarter-on-quarter increase in copper output, while Xavantina Operations produced 7,743 ounces of gold with $1,115 and $2,234 per ounce C1 cash costs and AISC. The company reaffirmed full-year guidance, adjusted Xavantina production estimates, and confirmed $230–$270 million in capital expenditures. Shares trade on Toronto and New York Stock Exchanges under ERO.

Copper futures on the Comex fell sharply after Chile's finance minister indicated potential tariff exemptions for copper exports to the U.S., impacting copper producers like Freeport-McMoRan and others. The U.S. faces an August 1 tariff deadline, with trade negotiations in Washington expected to address copper and timber exports.

Sandstorm Gold Ltd. reported a 24.2% year-over-year increase in Q2 2025 preliminary revenues, driven by higher gold prices, with record revenues of $51 million. The company also announced a $3.5 billion acquisition deal with Royal Gold, Inc., and a related $196 million acquisition of Horizon Copper Corp., both expected to close in Q4 2025.