Ecora Resources PLC
OTC:ECRAF

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Ecora Resources PLC Logo
Ecora Resources PLC
OTC:ECRAF
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Price: 1.57 USD -3.68% Market Closed
Market Cap: 390m USD

Ecora Resources PLC
Investor Relations

Ecora Resources Plc engages in building diversified portfolio of royalties and metal streams, focusing on accelerating income growth through acquiring royalties in cash or near-term cash producing assets. The firm's business model is to acquire royalty and streams in commodities that support a sustainable future. The firm has 19 principal royalty and streaming-related assets across five continents, providing diversified commodity exposure. The Company’s royalty portfolio has been constructed to provide exposure to commodities directly required for the decarbonization of energy supply and consumption, as well as commodities that are produced in a relatively more sustainable way. Its commodities include copper, nickel, iron ore, gold, cobalt, vanadium, met coal, and uranium. Its copper, nickel, and cobalt are key materials for manufacturing batteries and electric vehicles. whilst copper also plays a critical role in its electricity grids. The firm invests in both primary and secondary royalties.

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Last Earnings Call
Fiscal Period
Q2 2025
Call Date
Sep 3, 2025
AI Summary
Q2 2025

Strong Portfolio Growth: Ecora saw significant volume and revenue growth in critical minerals, especially from base metals like copper and cobalt, with standout performance from Voisey’s Bay, Mantos Blancos, and new income from Mimbula.

Diversified Revenue Base: Management expects over 50% of 2025 revenue to come from critical minerals for the first time, marking a shift away from reliance on a single commodity.

Asset Sale & Deleveraging: The sale of the Dugbe Gold Royalty will accelerate deleveraging, reducing net debt and providing more capital flexibility.

Upgraded Guidance: Voisey’s Bay full-year 2025 cobalt production guidance was increased at the low end, now expected at 365–390 tonnes, citing strong ramp-up and H2 momentum.

Dividend Maintained: Ecora declared a $0.06 per share interim dividend, in line with its policy to pay out about 25% of free cash flow.

Positive Market Trends: Management highlighted supportive commodity prices, improving cobalt and copper markets, and government actions (such as US stockpiling) as ongoing tailwinds.

Strategic Focus: The company remains focused on copper as its core, but is open to considering other critical minerals like lithium if attractive opportunities arise.

Key Financials
Cobalt Price
$18–$20 per pound
Copper Price
$10,000 per tonne
Gold Price
Just under $3,500 per ounce
Voisey’s Bay Attributable Cobalt Guidance
365–390 tonnes (2025)
Kestrel Royalty Volume Guidance
2.2–2.3 million tonnes (2025)
Dividend per Share (Interim)
$0.06 per share
Net Assets (30th June 2025)
$429.9 million
Leverage
2.5x (pre-Dugbe sale), 2.17x (pro forma post-Dugbe)
Royalty Intangible Assets
$249.7 million
Credit Facility
$108 million (undrawn)
Earnings Call Recording
Other Earnings Calls
2025

Management

Mr. Marc Bishop Lafleche
CEO & Executive Director
No Bio Available
Mr. Kevin Flynn
CFO & Executive Director
No Bio Available
Ms. Barbora Rocke
Investment Manager
No Bio Available
Mr. Nicholas Slade
Head of Technical
No Bio Available
Mr. Geoff Callow
Head of Investor Relations
No Bio Available
Ms. Ayushi Sharma
Head of Legal
No Bio Available
Ms. Rachel Dare
Head of Communications
No Bio Available
Mr. Jason Gray
Group Financial Controller & Company Secretary
No Bio Available

Contacts

Address
London
1 Savile Row
Contacts