SCHEDULE 13G/A: GMT Capital and Thomas E. Claugus Maintain Significant Stake in ERO Copper Corp.
Beneficial Ownership Report
GMT Capital Corp. and its control person, Thomas E. Claugus, have filed an amendment to their Schedule 13G, disclosing a continued beneficial ownership of 5.46% in ERO Copper Corp. as of December 31, 2024.
Summary
- GMT Capital Corp. and Thomas E. Claugus, the control person of GMT Capital, collectively reported beneficial ownership of 5,638,925 shares of ERO Copper Corp. Common Stock.
- This ownership represents 5.46% of the Issuer's outstanding Common Stock.
- The percentage is calculated based on 103,304,418 shares of Common Stock outstanding as of November 5, 2024, as reported by ERO Copper Corp. on Form 6-K.
- The filing is an Amendment No. 3 to their Schedule 13G, indicating an update to a previously reported beneficial ownership position.
- GMT Capital Corp. is classified as an investment adviser, and Thomas E. Claugus is classified as a control person.
- The shares are held through various managed funds and accounts, including Bay Resource Partners, L.P., Bay II Resource Partners, L.P., Bay Resource Partners Offshore Master Fund, L.P., and certain sub-advisory and separate account clients.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership, providing neutral information without explicit positive or negative sentiment regarding the issuer's performance or outlook.
Positives
- NA
Negatives
- NA
Risks
- NA
Future Outlook
NA
Management Comments
- NA
Industry Context
This filing is a routine disclosure of a significant ownership stake by an investment firm in a publicly traded company. It does not provide specific industry analysis but indicates continued investor interest in the copper sector, represented by ERO Copper Corp.
Comparison to Industry Standards
- NA
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
Legal Proceedings
- NA
Related Party Transactions
- NA
Stakeholder Impact
- This filing confirms a significant institutional investor's continued stake in ERO Copper Corp., which may be viewed positively by other shareholders as it indicates confidence from a large holder.
- The beneficial ownership provides GMT Capital Corp. and Thomas E. Claugus with shared voting and dispositive power over a notable portion of the company's shares.
Next Steps
- NA
Key Dates
| Date | Description |
|---|---|
| 2024-11-05 | Date as of which 103,304,418 shares of ERO Copper Corp. Common Stock were reported outstanding on Form 6-K. |
| 2024-12-31 | Date of event which requires filing of this statement (reporting period end date). |
| 2025-02-14 | Signature date of the Schedule 13G Amendment No. 3 filing. |
Keywords
ERO Copper Corp., GMT Capital Corp., Thomas E. Claugus, Beneficial Ownership, Schedule 13G, SEC Filing, Common Stock, Investment Adviser, Copper Mining
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