Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Ero Copper Corp. (TSX: ERO) announced on Thursday that it has received approval from the New York Stock Exchange for a US listing of its common shares.
The company expects to begin trading on the NYSE on June 15 under the ticker symbol “ERO”. Its stock will continue trading on the Toronto Stock Exchange under the same ticker symbol.
“We believe this US listing is an important milestone for our company as it provides another access point for investors seeking to invest in Ero,” executive chairman Noel Dunn said in a media brief.
“Since our IPO in 2017, our business and assets have achieved tremendous growth, garnering increased attention from global investors. We believe that listing on the NYSE offers an opportunity to broaden our shareholder base and enhance trading liquidity for existing shareholders.”
Concurrent with the commencement of trading on the NYSE, Ero’s common shares will cease trading on the OTC Markets.
Based in Vancouver, Ero is presently focused on copper production growth from the Vale do Curaçá property in Bahia, Brazil.
Shares of Ero Copper were down 0.2% by 11:45 a.m. ET on the TSX. The base metals miner has a market capitalization of C$2.47 billion.
