Ecora Royalties PLC (ECOR) Q4 2024 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.757 -- 00:00:03.885 Good afternoon, everybody. Thank you for joining us today. 00:00:03.885 -- 00:00:06.793 My name is Geoff Callow, the Head of Investor Relations. 00:00:06.793 -- 00:00:12.608 I'm joined on this Ecorra Resources full year 2024 results call by our Chief Executive, 00:00:12.608 -- 00:00:17.227 Mark Bishop-Le Fleche, and Kevin Flynn, our Chief Financial Officer. 00:00:17.227 -- 00:00:19.552 We'll take you through a short presentation. 00:00:19.552 -- 00:00:23.241 I'll draw your attention to the forward-looking statements on the second slide. 00:00:23.241 -- 00:00:27.310 And then at the end of the presentation, there'll be an opportunity to ask questions, 00:00:27.310 -- 00:00:31.019 both over the phone line and the operator will give instructions for this at the end, 00:00:31.019 -- 00:00:36.206 and also through the webcast. With that, I'll hand over to Mark. 00:00:36.228 -- 00:00:39.772 Thanks, everyone, for joining us. And to those joining us from other parts of the world, 00:00:39.772 -- 00:00:41.334 good morning. 00:00:41.334 -- 00:00:46.361 Overall, 2024 was a very good year for the Quora in the context of what was a 00:00:46.361 -- 00:00:51.968 much broader, difficult market backdrop. We saw portfolio contribution 00:00:51.968 -- 00:00:57.014 grow year on year from our producing royalties, if you adjust 00:00:57.014 -- 00:01:02.041 2024 for non-recurring items. And one year in from the introduction of 00:01:02.041 -- 00:01:05.405 our capital allocation framework, really prioritizing 00:01:05.405 -- 00:01:10.521 the diversifying our asset base and growing our sources of short and medium-term income. 00:01:10.521 -- 00:01:15.216 We feel the acquisition of the Palabora royalty and more recently the Mimbula copper 00:01:15.216 -- 00:0...