Elo Copper announced its output data for the whole year and the fourth quarter of 2018 for Curaca, Bahia, a 99.6% stake in Brazil, and its corresponding financial results will be released after the closing of the Toronto Stock Exchange on Thursday, March 14, 2019.

Output highlights in 2018: 1. Total copper production in 2018 was 30,426 tons, and in 2017 it was 20,133 tons, up 51% year-on-year, exceeding the original output target of 2018 by 15%; 2. Copper production in the fourth quarter was 12,104 tons, up 55% year-on-year; 3. Total annual gold and silver production in NX gold mine with 97.6% of the company was 39,808 ounces and 24,573 ounces respectively.

Outlook highlights in 2019: 1. Copper production target in 2019 is 36,000 to 38,000 tons; 2. C1 cash cost target is $1.00 to $1.10 per pound of copper, in dollar terms: BRL foreign exchange rate is 3.70; 3. Capital expenditure target is $62 million; 4. Additional $20 million is used to fund the exploration plan in 2019. The plan focuses on 130,000 meters of planned exploration drilling, including 112,500 meters of near-mine exploration drilling (including continued exploration of the eastern Vermelhos and Western Pilar wings), and additional 17,500 meters of planned exploration drilling tests for green land.