Ecora Royalties PLC Announces Q4 2025 Trading Update

About this update from Ecora Royalties Plc

[{"type":"text","content":"LONDON / ACCESS Newswire / January 28, 2026 / Ecora Royalties PLC (LSE:ECOR)(TSX:ECOR) issues the following trading update for the period 1 October to 31 December 2025.","length":168,"tagName":"p"},{"type":"text","content":"Fourth Quarter and Full Year 2025 Portfolio Contribution","length":56,"tagName":"p"},{"type":"text","content":"FY 2025 base metals portfolio contribution up 150% at $28.5m (FY 2024: $11.4m). The base metals portfolio benefited from the ramp up of cobalt deliveries from Voisey's Bay, a maiden contribution from the Mimbula copper stream and record production levels from the Mantos Blancos copper mine. The 448t of attributable cobalt received from Voisey's Bay in FY 2025 was at the top end of upgraded guidance (FY 2024: 210t).","length":426,"tagName":"p"},{"type":"text","content":"In Q4 2025, the base metals portfolio contribution of $9.9m was broadly flat on the prior quarter (Q3 2025: $9.9m; Q4 2024: $4.2m). A period of planned maintenance at the Voisey's Bay mine and the nearby Long Harbor Processing Plant resulted, as expected, in a lower volume of delivered cobalt in the quarter which was offset by increased copper contribution from Mimbula and Mantos Blancos.","length":395,"tagName":"p"},{"type":"text","content":"Total portfolio contribution of $57.0m (2024: $63.2m) reflected an increased contribution from critical minerals which comprised 63% of the total, offset by a weaker year-on-year steelmaking coal price environment impacting Kestrel.","length":232,"tagName":"p"},{"type":"text","content":"Marc Bishop Lafleche, Chief Executive Officer of Ecora, commented:","length":66,"tagName":"p"},{"type":"text","content":""2025 represents an inflection point for Ecora with portfolio contribution from our critical minerals portfolio exceeding that from steelmaking coal for the first time. This has been achieved through a stellar performance within our base metals portfolio, with a combination of record operational performance, the acquisition of the Mimbula copper stream and strong pricing environment driving 150% year-on-year growth.","length":424,"tagName":"p"},{"type":"text","content":""We have delivered strong deleveraging post the $50m Mimbula copper stream acquisition in Q1 2025, with closing net debt of $85.5m (YE 2024: $82.3m). We are well positioned to continue to deleverage and also ...

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