Ecora Resources PLC Announces Full Year Results

About this update from Ecora Royalties Plc

[{"type":"text","content":"LONDON, UNITED KINGDOM / ACCESS Newswire / March 27, 2025 / Ecora Resources PLC (LSE:ECOR)(TSX:ECOR)(OTCQX:ECRAF) announces full year results for the year ended 31 December 2024. The Company will publish its audited 2024 Annual Report and Accounts later today, which will be available on the Group's website at www.ecora-resources.com and on SEDAR at www.SEDAR.com.","length":369,"tagName":"p"},{"type":"text","content":"Ecora is a critical minerals focused royalty and streaming company. The Group has a base metal weighted portfolio which combines near term production volume growth from its producing royalty portfolio and a pipeline of development projects that is expected to drive material revenue growth in the medium term.","length":309,"tagName":"p"},{"type":"text","content":"Marc Bishop Lafleche, Chief Executive Officer, commented:","length":57,"tagName":"p"},{"type":"text","content":""Significant progress across Ecora's royalty portfolio was achieved in 2024 with key highlights including Mantos Blancos copper mine delivering periods of record production rates as well as the completion of construction of the Voisey's Bay underground mine with an ongoing ramp-up to steady state production levels in 2026. This momentum is expected to carry through to 2025 with volume growth expected at the operations underlying Ecora's key producing royalties, with supportive copper and cobalt price tailwinds.","length":533,"tagName":"p"},{"type":"text","content":""Following the implementation of an updated capital allocation framework prioritising growth, the acquisition of a royalty over the Phalaborwa project, estimated to be the lowest-cost advanced stage rare earths project outside of China, and more recently of a copper stream over the low-cost producing Mimbula copper mine represents tangible delivery of our strategy. Base metals exposure now represents 80% of Ecora's estimated NAV with copper exposure at the core.","length":475,"tagName":"p"},{"type":"text","content":""We are well positioned for the year ahead and will continue to focus on further diversifying Ecora's short and medium-term revenue profile, supported by the expected meaningful balance sheet deleveraging over the next 12-24 months."","length":247,"tagName":"p"},{"type":"text","content":"Financial Highlights:","length":21,"tagName":...

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