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Ecora Resources PLC on Wednesday reported continued ‘strong momentum’ in its base metals portfolio, as it upgraded volume guidance for Voisey’s Bay. The critical minerals-focused royalty company has assets in North America, South America, Africa, Europe and Australia. Shares in the company were up 8.8% at 97.15 pence on Wednesday morning in London. Ecora Resources reported $25.0 million total portfolio contribution for the third quarter that ended September 30, multiplying from $5.2 million a year earlier. Driving this improvement was continued growth in the base metals portfolio contribution, said Ecora, and mining returning to its private royalty area at Kestrel. Base metals portfolio contribution advanced 87% on-quarter to $9.9 million from $5.3 million. Compared to a year ago, it multiplied from $2.5 million. Within this, Voisey’s Bay portfolio contribution more than doubled to $6.0 million from $2.7 million a quarter earlier. Ecora noted an average realised price of $18.13 per pound, down from $18.61 per pound in the second quarter. Owing to the strong performance, Ecora raised full-year guidance for Voisey’s Bay to between 434 tonnes and 448 tonnes of attributable cobalt, from between 365 tonnes and 390 tonnes guided previously. Specialty metals and uranium portfolio generated $1.9 million of portfolio contributions, up 19% from $1.6 million a year prior. Bulks & other portfolio generated $13.2 million, multiplying from $1.1 million the previous year. Ecora added that net debt at September 30 was $104 million, down 16% from $124.6 million at June 30. ‘Q3 was a record quarter in many respects. Our base metals portfolio maintained its strong momentum delivering its highest ever contribution of $9.9 million, up 150% YTD compared to the same period in 2024, with record quarterly contributions from the Mantos Blancos copper royalty and Voisey’s Bay cobalt stream. Following strong operational performance, we are upgrading our FY 2025 volume guidance for Voisey’s Bay,’ said Chief Executive Marc Lafleche. ‘This strong performance, combined with the sale of the Dugbe royalty and mining returning to our private royalty area at Kestrel, enabled us to accelerate our deleveraging.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
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