SCHEDULE: FIL Limited Reports 8.9% Stake in ERO COPPER CORP

FIL Limited, along with its affiliates Pandanus Partners, L.P. and Pandanus Associates, Inc., has disclosed beneficial ownership of 9,319,597 shares, representing 8.9% of ERO COPPER CORP's common stock as of June 30, 2026.

Summary

• FIL Limited and its affiliated entities, Pandanus Partners, L.P. and Pandanus Associates, Inc., have filed an amended Schedule 13G.
• As of June 30, 2026, these entities collectively beneficially own 9,319,597 shares of ERO COPPER CORP common stock.
• This ownership stake represents 8.9% of the total outstanding common stock.
• FIL Limited is classified as a non-U.S. institution.
• Pandanus Partners, L.P. owns shares of FIL Limited voting stock, which normally represents more than 25% and less than 48.5% of FIL's total votes.
• Pandanus Associates, Inc. acts as the general partner of Pandanus Partners, L.P.
• The filing confirms that the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, primarily reporting on beneficial ownership changes and not containing operational or financial performance data.

Positives

• FIL Limited and its affiliates maintain a significant ownership stake (8.9%) in ERO COPPER CORP, indicating continued investment interest.
• The filing confirms that the ownership is in the ordinary course of business, suggesting stable investment strategy rather than a hostile takeover attempt.

Negatives

• The filing does not provide any financial performance data or operational updates for ERO COPPER CORP, limiting insight into the company's health.

Risks

• While not explicitly stated as a risk in this filing, any significant changes in the ownership structure or investment strategy of FIL Limited could impact ERO COPPER CORP's stock price.
• The filing mentions that Pandanus Partners, L.P. owns shares of FIL Limited voting stock, and fluctuations in this ownership could indirectly affect FIL's influence or investment decisions.

Future Outlook

This filing is a Schedule 13G amendment and does not contain forward-looking statements or guidance regarding ERO COPPER CORP's future performance.

Management Comments

• FIL Limited certifies that the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors and investment funds to report significant ownership stakes. This filing indicates FIL Limited's continued substantial investment in ERO COPPER CORP, a copper mining company.

Related Party Transactions

• Pandanus Partners, L.P. owns shares of FIL Limited voting stock.
• Pandanus Associates, Inc. acts as the general partner of Pandanus Partners, L.P.
• Pandanus is owned by trusts for the benefit of members of the Johnson family, including FIL's Chairman Abigail P. Johnson, but beneficial ownership is disclaimed for these family members.

Stakeholder Impact

• Shareholders of ERO COPPER CORP may see the filing as a sign of continued institutional support, potentially stabilizing or influencing the stock price.
• The disclosure of significant ownership by FIL Limited and its affiliates is relevant to other investors monitoring the company's shareholder base.

Next Steps

• FIL Limited and its affiliates will continue to hold their beneficial ownership of ERO COPPER CORP shares.
• Future amendments to this Schedule 13G will be filed if there are material changes in beneficial ownership.

Key Dates

Keywords

ERO COPPER CORP, FIL Limited, Schedule 13G, Beneficial Ownership, Investment, Stock, Securities, Ownership Stake