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Ecora Resources pivots towards battery metals as world turns green

Last updated: 03:18 06 Mar 2024 EST, First published: 09:19 14 Apr 2021 EDT

Snapshot

  • Ecora Resources predicts 'year-on-year growth'
  • Anglo Pacific transforms itself at a stroke into a major battery metals player, with a particular emphasis on cobalt
  • Ecora Resources' royalty over San Domingo franked by fund raise - broker
  • Ecora Resources CEO says strong Q4 positions company for a positive 2024
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About the company

Ecora Resources is a leading royalty company focused on supporting the supply of commodities essential to creating a sustainable future. The company is listed on both the London and Toronto Stock Exchange.

The company's vision is to be globally recognised as the royalty company of choice synonymous with commodities that support a sustainable future by continuing to grow and diversify its royalty portfolio in line with its strategy. Ecora will achieve this through building a diversified portfolio of scale over high-quality assets that drive low volatility earnings growth and shareholder returns.

How it is doing

06 Mar 2024

Royalty company Ecora Resources PLC (LSE:ECOR, TSX:ECOR, OTCQX:ECRAF) provided a guardedly optimistic assessment of prospects as it said it expects 'volume growth' from the mining projects that contribute to its income streams.

In addition, near-term development royalties are poised for 'significant de-risking events' in the year ahead, investors were told.

In the update, Ecora said the Voisey’s Bay project, operated by Vale, is over 90% complete and expected to ramp up ore production in 2024.

At the same time, Mantos Blancos, operated by Capstone Copper, is forecasting production in line with expectations and planning to install equipment to enhance processing capacity.

03 Feb 2024

Chatting with Proactive's Stephen Gunnion, Marc Bishop Lafleche, CEO of Ecora Resources PLC (LSE:ECOR, TSX:ECOR, OTCQX:ECRAF), shared an optimistic outlook for the company in 2024, following a strong performance at the end of 2023.

Bishop Lafleche discussed the anticipated momentum across Ecora's portfolio, with expected volume growth and significant advancements in key projects.

31 Jan 2024

Ecora Resources has had a price target of 190p reiterated by house broker Peel Hunt following the company's trading update today.

The mining royalty specialist's total portfolio income of US$63.6m was slightly ahead of forecasts said the broker, while lost tonnes from the Kestrel coking coal royalty area should be made up in this quarter.

Insight: Anglo Pacific transforms itself at a stroke into a major battery metals...

01 Mar 2021

“We’ve been looking for a big transformational acquisition for some time,” says Julian Treger of Anglo Pacific Group PLC (LON:APF). 

“And this is it.”

What the brokers say

12 Feb 2024

Ecora Resources has received a significant boost from a financing deal struck by Capstone Copper, says broker Peel Hunt.

Part of the C$431 million raised has been earmarked for the Santa Domingo project, where Ecora has a 2% royalty in production or development.

An investment decision on the project is likely in 2025 with a feasibility update due later this half year.

What management says

31 Jan 2024

Ecora Resources PLC (LSE:ECOR, TSX:ECOR, OTCQX:ECRAF) CEO Marc Bishop Lafleche has provided a positive outlook for the company in 2024, following a strong end to 2023.

Speaking to Proactive's Stephen Gunnion following the release of the company's fourth-quarter results, Bishop Lafleche highlighted the expected momentum across its portfolio with volume growth ranging from 10 to 40%, driven by key assets such as Mantos Blancos and Kestrel. The CEO emphasized Ecora's sector-leading copper growth profile, with significant advancements expected in projects like Santo Domingo and the West Musgrave nickel-copper project in Australia.

Bishop Lafleche also discussed strategic movements in the company's holdings, notably the increased royalty in the Piaui nickel project and the sale of a stake in LIORC. These decisions align with Ecora’s focus on de-risking projects and strengthening their balance sheet, exemplified by the 110% pre-tax return from the Labrador investment.

Ecora Resources CEO says strong Q4 positions company for a positive 2024

Ecora Resources PLC (LSE:ECOR, TSX:ECOR, OTCQX:ECRAF) CEO Marc Bishop Lafleche has provided a positive outlook for the company in 2024, following a strong end to 2023. Speaking to Proactive's Stephen Gunnion following the release of the company's fourth-quarter results, Bishop Lafleche...

on 31/1/24