Ero Copper Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

David Strang

Chief executive officer

US$3.1m

Total compensation

CEO salary percentage	20.6%
CEO tenure	8yrs
CEO ownership	4.2%
Management average tenure	5.1yrs
Board average tenure	6.9yrs

Recent management updates

Recent updates

Investors Shouldn't Overlook Ero Copper's (TSE:ERO) Impressive Returns On Capital

Nov 02

Is Ero Copper (TSE:ERO) Using Too Much Debt?

Sep 24

Ero Copper Corp. (TSE:ERO) Just Released Its Second-Quarter Earnings: Here's What Analysts Think

Aug 05

These 4 Measures Indicate That Ero Copper (TSE:ERO) Is Using Debt Reasonably Well

Jun 24

Investors Should Be Encouraged By Ero Copper's (TSE:ERO) Returns On Capital

Jun 07

CEO Compensation Analysis

How has David Strang's remuneration changed compared to Ero Copper's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$3m	US$640k	US$93m
Sep 30 2023	n/a	n/a	US$78m
Jun 30 2023	n/a	n/a	US$80m
Mar 31 2023	n/a	n/a	US$74m
Dec 31 2022	US$3m	US$600k	US$102m
Sep 30 2022	n/a	n/a	US$139m
Jun 30 2022	n/a	n/a	US$162m
Mar 31 2022	n/a	n/a	US$221m
Dec 31 2021	US$2m	US$550k	US$201m
Sep 30 2021	n/a	n/a	US$207m
Jun 30 2021	n/a	n/a	US$212m
Mar 31 2021	n/a	n/a	US$136m
Dec 31 2020	US$2m	US$536k	US$52m
Sep 30 2020	n/a	n/a	US$31m
Jun 30 2020	n/a	n/a	US$16m
Mar 31 2020	n/a	n/a	US$24m
Dec 31 2019	US$2m	US$525k	US$92m
Sep 30 2019	n/a	n/a	US$58m
Jun 30 2019	n/a	n/a	US$47m
Mar 31 2019	n/a	n/a	US$14m
Dec 31 2018	US$2m	US$400k	-US$3m
Sep 30 2018	n/a	n/a	US$1m
Jun 30 2018	n/a	n/a	US$15m
Mar 31 2018	n/a	n/a	US$24m
Dec 31 2017	US$2m	US$400k	US$22m

Compensation vs Market: David's total compensation ($USD3.10M) is above average for companies of similar size in the Canadian market ($USD2.25M).

Compensation vs Earnings: David's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

David Strang (55 yo)

8yrs

Tenure

US$3,101,910

Compensation

Mr. David Maxwell Strang serves as the Chief Executive Officer and Director of Ero Copper Corp. since May 16, 2016 and served as its President since May 16, 2016 until January 4, 2021. He is Co-Managing Pa...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Strang	CEO & Director	8yrs	US$3.10m	4.2% $ 120.7m
Makko DeFilippo	President & COO	3.3yrs	US$2.46m	0.062% $ 1.8m
Wayne Drier	Chief Financial Officer	7.2yrs	US$1.45m	0.22% $ 6.2m
Deepk Hundal	Senior VP	6.8yrs	US$1.23m	0.023% $ 671.4k
Michel Richard	Chief Geological Officer	7.3yrs	US$1.45m	1.91% $ 54.9m
Courtney R. Lynn	Senior Vice President of Corporate Development	3.2yrs	no data	0.0034% $ 98.3k
Eduardo de Come	Chief Executive Officer of Ero Brazil	2.3yrs	no data	no data
Emilio Sarno	Vice President of Asset Management	less than a year	no data	no data

5.1yrs

Average Tenure

55yo

Average Age

Experienced Management: ERO's management team is seasoned and experienced (5.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
David Strang	CEO & Director	8yrs	US$3.10m	4.2% $ 120.7m
Robert Hinman Getz	Independent Director	5.9yrs	US$224.14k	0.13% $ 3.6m
Steven Busby	Independent Director	7.8yrs	US$206.69k	0.32% $ 9.3m
John Wright	Independent Lead Director	7.8yrs	US$262.14k	0.61% $ 17.5m
Jill Angevine	Independent Director	1.8yrs	US$222.97k	0.019% $ 559.3k
Chantal Gosselin	Independent Director	4.8yrs	US$221.39k	0.0099% $ 284.5k
Sally Eyre	Independent Director	4.8yrs	US$221.39k	no data
Christopher Dunn	Chairman of the Board	8yrs	US$552.14k	2% $ 57.5m
Lyle Braaten	Independent Director	7.8yrs	US$207.14k	0.33% $ 9.4m
Faheem Tejani	Independent Director	less than a year	US$321.78k	0.019% $ 559.3k

6.9yrs

Average Tenure

57yo

Average Age

Experienced Board: ERO's board of directors are considered experienced (6.9 years average tenure).

Ero Copper Management

Management criteria checks 2/4

Key information

Recent management updates

Chief Geological Officer exercised options to buy CA$1.6m worth of stock.

Ero Copper Corp., Annual General Meeting, Apr 24, 2024

Director recently bought CA$339k worth of stock

Ero Copper Corp. Announces Changes to the Board of Directors

Chairman of the Board exercised options to buy CA$1.5m worth of stock.

Independent Director recently sold CA$375k worth of stock

Recent updates

Price target increased by 7.8% to CA$29.81

Price target increased by 10% to CA$28.80

Chief Geological Officer exercised options to buy CA$1.6m worth of stock.

Ero Copper Corp. to Report Q1, 2024 Results on May 07, 2024

Investor sentiment improves as stock rises 15%

Ero Copper's (TSE:ERO) Problems Go Beyond Poor Profit

Ero Copper Corp. Provides Production Guidance for the Year 2024

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Is Ero Copper Corp. (TSE:ERO) Trading At A 45% Discount?

Ero Copper Corp. Provides Production Guidance for Fiscal Year 2024 and Fiscal Year 2025

Investors Appear Satisfied With Ero Copper Corp.'s (TSE:ERO) Prospects

Ero Copper Corp., Annual General Meeting, Apr 24, 2024

Ero Copper Corp. to Report Q4, 2023 Results on Mar 07, 2024

Ero Copper Corp. Provides Construction Update for the Tucum Project

Director recently bought CA$339k worth of stock

Ero Copper Corp. has completed a Follow-on Equity Offering in the amount of $105.0985 million.

Is Ero Copper (TSE:ERO) Using Too Much Debt?

Ero Copper Corp. has filed a Follow-on Equity Offering in the amount of $105.0985 million.

Ero Copper Corp. has filed a Follow-on Equity Offering in the amount of $105.0985 million.

New minor risk - Financial position

Third quarter 2023 earnings released: EPS: US$0.027 (vs US$0.041 in 3Q 2022)

Ero Copper Corp. Announces Changes to the Board of Directors

Is There An Opportunity With Ero Copper Corp.'s (TSE:ERO) 43% Undervaluation?

Ero Copper Corp. Provides an Update on the Excellent Progress Being Made At the Company's Tucumã Project

Ero Copper Corp. to Report Q3, 2023 Results on Nov 02, 2023

Ero Copper (TSE:ERO) Is Doing The Right Things To Multiply Its Share Price

Consensus EPS estimates fall by 12%

New minor risk - Shareholder dilution

Second quarter 2023 earnings released: EPS: US$0.32 (vs US$0.26 in 2Q 2022)

Ero Copper Corp. Reaffirms Production Guidance for the Year 2023

Is Ero Copper (TSE:ERO) A Risky Investment?

Consensus EPS estimates fall by 14%

Ero Copper Corp. to Report Q2, 2023 Results on Aug 03, 2023

Consensus EPS estimates fall by 26%

Chairman of the Board exercised options to buy CA$1.5m worth of stock.

Investor sentiment improves as stock rises 16%

Ero Copper Announces Update on Nickel Sulphide Exploration Program — Intercepts 11.2 Meters Grading 1.86% Nickel, including 5.0 Meters Grading 3.71% Nickel

Independent Director recently sold CA$375k worth of stock

We Like These Underlying Return On Capital Trends At Ero Copper (TSE:ERO)

Independent Director exercised options to buy CA$620k worth of stock.

First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Ero Copper Corp. Provides Production Guidance for the Year 2023

Is Ero Copper (TSE:ERO) A Risky Investment?

Independent Director exercised options and sold CA$245k worth of stock

Full year 2022 earnings: Revenues and EPS in line with analyst expectations

Investor sentiment improves as stock rises 20%

Ero Copper Corp., Annual General Meeting, Apr 26, 2023

Ero Copper Corp. to Report Q4, 2022 Results on Mar 07, 2023

We Like These Underlying Return On Capital Trends At Ero Copper (TSE:ERO)

Ero Copper Corp. Announces Retirement of Noel Dunn as Executive Chairman

Investor sentiment improved over the past week

Chief Geological Officer exercised options to buy CA$1.5m worth of stock.

Insufficient new directors

Investor sentiment improved over the past week

Ero Copper Corp. Announces Update of Compliant Mineral Reserves and Resources Along with A Life-Of-Mine Production Plan for Caraíba Operations

Consensus EPS estimates fall by 15%

Third quarter 2022 earnings released: EPS: US$0.041 (vs US$0.29 in 3Q 2021)

Ero Copper Corp. Provides Production Guidance for the Year 2022

Investors Shouldn't Overlook Ero Copper's (TSE:ERO) Impressive Returns On Capital

Ero Copper Corp. to Report Q3, 2022 Results on Nov 01, 2022

Investor sentiment improved over the past week

Ero Copper Corp. Announces the Discovery of Regional Nickel Sulphide System Within the Curaçá Valley over an Initial Strike Length of Five Kilometers

Is Ero Copper (TSE:ERO) Using Too Much Debt?

Investor sentiment improved over the past week

Insufficient new directors

Consensus forecasts updated

Ero Copper Corp. (TSE:ERO) Just Released Its Second-Quarter Earnings: Here's What Analysts Think

Second quarter 2022 earnings released: EPS: US$0.26 (vs US$0.94 in 2Q 2021)

Ero Copper Corp. Reaffirms Production Guidance for the Year 2022