Q4 21 Trading Update

About this update from Ecora Royalties Plc

RNS Number : 7655Z Anglo Pacific Group PLC 27 January 2022         News Release   27 January 2022   Anglo Pacific Group PLC Q4 21 Trading Update $38.1m portfolio contribution in final quarter, a new record   Anglo Pacific Group PLC ("Anglo Pacific", the "Company" or the "Group") (LSE: APF, TSX: APY), issues the following trading update for the period 1 October 2021 to 27 January 2022, which includes certain information for the year ended 31 December 2021. The Company expects to release its full year results on 30 March 2022. Unless otherwise stated, all unaudited financial information is for the quarter or year ended 31 December 2021.   Buoyed by continued strength in coking coal and cobalt prices, both trading at recent historical highs, the Company's portfolio generated $38.1m in the fourth quarter alone, bringing the total contribution for the year to $85.6m. This represents both a record individual quarter and a record year for the Group and will result in a significant acceleration of the Group's deleveraging and provides enhanced financing flexibility for further acquisitions.   Importantly, both coking coal and cobalt prices have remained at recent record levels thus far in 2022 and so the outlook for short-term earnings looks encouraging. The royalty model provides exposure to this commodity price upside while offering greater protection against operating cost increases and capex over-runs being seen across the mining sector as a result of the current inflationary pressures.   Portfolio contribution - Unaudited* Q4 2021 Q3 2021 2021 2020 $m QoQ% $m $m YoY% $m Kestrel 26.00   122% 11.70 48.06   107% 23.25 Voisey's Bay 6.59   (3%) 6.81 16.52   -  Narrabri 1.74   234% 0.52 3.45   (12%) 3.91 Mantos Blancos 1.35   (14%) 1.57 5.67   55% 3.66 Maracás Menchen 0.87   (3%) 0.90 3.20   357% 0.70 Four Mile 0.06   (40%) 0.10 0.27   (53%) 0.58 Royalty and stream income 36.61   69% 21.60 77.17   140% 32.10 Dividends - LIORC & Flowstream 0.94   (48%) 1.80 5.61   (39%) 9.23 Interest - McClean Lake 0.60   (2%) 0.61 2.43   7% 2.28 Royalty and stream related revenue 38.15   59% 24.01 85.21   95% 43.61 EVBC** 0.78   5% 0.74 3.11   5% 2.97 Principal repayment - McClean Lake 0.75   47% 0.51 1.26 &nb...

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