Business
Q1 2019 Trading Update
Q1 2019 Trading Update.
About this update from Ecora Royalties Plc
[{"type":"text","content":"\n \nRNS Number : 0151X Anglo Pacific Group PLC 25 April 2019 \n\n \nNews Release\n \n25 April 2019\n \nAnglo Pacific Group PLC\nQ1 2019 Trading Update\n \nAnglo Pacific Group PLC (\"Anglo Pacific\", the \"Company\" or the \"Group\") (LSE: APF, TSX: APY), the London and Toronto listed royalty company, issues the following trading update for the period 1 January 2019 to 23 April 2019. Unless otherwise stated, all unaudited financial information is for the quarter ended 31 March 2019. \n \nHighlights\n \n\n\n\n\n\n\n\n\n\nQ1 2019\n£m\n\n\n \nQOQ %\n\n\nQ4 2018\n£m\n\n\nQ1 2018\n£m\n\n\n\n\nKestrel\n\n\n\n\n\n11.8\n\n\n12%\n\n\n10.5\n\n\n5.0\n\n\n\n\nMaracás Menchen\n\n\n\n\n\n1.1\n\n\n(52%)\n\n\n2.3\n\n\n0.8\n\n\n\n\nNarrabri\n\n\n\n\n\n1.4\n\n\n17%\n\n\n1.2\n\n\n0.8\n\n\n\n\nFour Mile\n\n\n\n\n\n-\n\n\n\n\n\n-\n\n\n0.1\n\n\n\n\nRoyalty income\n\n\n\n\n\n14.3\n\n\n2%\n\n\n14.0\n\n\n6.7\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nLIORC dividends\n\n\n\n\n\n1.7\n\n\n89%\n\n\n0.9\n\n\n-\n\n\n\n\nInterest - McClean Lake & Jogjakarta\n\n\n\n\n\n0.5\n\n\n\n\n\n0.5\n\n\n0.6\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nRoyalty related revenue\n\n\n\n\n\n16.5\n\n\n7%\n\n\n15.4\n\n\n7.3\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nEVBC\n\n\n\n\n\n0.6\n\n\n20%\n\n\n0.5\n\n\n0.5\n\n\n\n\nPrincipal repayment - McClean Lake\n\n\n\n\n\n0.4\n\n\n(20%)\n\n\n0.5\n\n\n0.3\n\n\n\n\nTotal portfolio contribution\n\n\n\n\n\n17.5\n\n\n7%\n\n\n16.4\n\n\n8.1\n\n\n\n \n§ Total portfolio contribution of £17.5m, a 7% increase on Q4 2018 (£16.4m) and a 116% increase on Q1 2018 (£8.1m) - a new quarterly record for the Group\n \n§ 20% increase in sales volumes from Kestrel in Q1 2019 (compared to Q4 2018), indicating that the run rate being targeted by the new owners could be achieved\n \n§ LIORC was the second largest source of revenue for the Group at £1.7m (Q4 2018: £0.9m), reflecting the continued strong performance in iron ore prices, high pellet premia being achieved along with the distribution of previously retained cash, and while also implying a high running yield on the £38.5m cost of investment\n \n§ 33% increase in volumes at Narrabri compared to Q4 2018, representing the strongest sales quarter since Q4 2017\n \n§ Revenue from Maracás Menchen was 53% lower than Q4 201...