Ecora Resources Acquires Copper Stream from Mimbula Mine

Ecora Resources ( (GB:ECOR) ) has provided an announcement.

Ecora Resources PLC has announced the acquisition of a copper stream from Moxico Resources’ Mimbula copper mine in Zambia for $50 million. This strategic move is expected to enhance Ecora’s earnings and cash flow, with the copper stream covering the mine’s life of 11 years and potential for extension. The transaction will increase Ecora’s exposure to copper, aligning with its strategy to focus on critical minerals. The acquisition is structured to frontload copper entitlements, boosting earnings and aiding debt reduction over the next 12-24 months. The Mimbula mine, which is undergoing expansion, is set to increase its production capacity significantly by mid-2026, further strengthening Ecora’s position in the copper market.

More about Ecora Resources

Ecora Resources PLC is a critical minerals focused royalty company, primarily dealing with royalties and streams in the mining industry. The company has a significant focus on copper and base metals, with a strong portfolio of assets in low-cost mining operations.

YTD Price Performance: -4.84%

Average Trading Volume: 540,786

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: £147.8M

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