Ecora Resources Reports Strong Mid-Year Growth

Ecora Resources (GB:ECOR) has released an update.

Ecora Resources PLC reported a 15% year-on-year increase in portfolio contributions for the first half of 2024, driven by robust performance from its Kestrel operation and expected growth from Voisey’s Bay and Mantos Blancos mines. Despite a temporary suspension of operations at BHP’s Australian Nickel division, Ecora remains optimistic about its portfolio’s growth prospects. Financially, the company announced a profit before tax of $17.9 million, a significant improvement from the previous year’s loss, and declared a half-year dividend towards the upper end of their payout range.

For further insights into GB:ECOR stock, check out TipRanks’ Stock Analysis page.