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.
“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.
