The latest update is out from Ecora Resources ( (GB:ECOR) ).
Ecora Resources PLC reported its full-year results for 2024, highlighting significant progress in its royalty portfolio, including record production rates at the Mantos Blancos copper mine and the completion of the Voisey’s Bay underground mine construction. The company has implemented a capital allocation framework prioritizing growth, acquiring a royalty over the Phalaborwa rare earths project and a copper stream over the Mimbula copper mine. Financially, Ecora saw a 9% increase in portfolio contribution to $63.2 million, despite a decrease in royalty and metal stream-related revenue. The company is well-positioned for 2025, expecting volume growth from key operations and supportive price tailwinds, with plans for meaningful balance sheet deleveraging over the next 12-24 months.
More about Ecora Resources
Ecora Resources PLC is a royalty and streaming company focused on critical minerals, with a portfolio primarily weighted towards base metals. The company aims to achieve production volume growth through its producing royalty portfolio and a pipeline of development projects, with a significant focus on copper exposure.
YTD Price Performance: 5.38%
Average Trading Volume: 448,402
Technical Sentiment Signal: Buy
Current Market Cap: £163.7M
For detailed information about ECOR stock, go to TipRanks’ Stock Analysis page.