29th Oct 2025 10:50
(Alliance News) - Ecora Resources PLC on Wednesday reported continued "strong momentum" in its base metals portfolio, as it upgraded volume guidance for Voisey's Bay.
The critical minerals-focused royalty company has assets in North America, South America, Africa, Europe and Australia.
Shares in the company were up 8.8% at 97.15 pence on Wednesday morning in London.
Ecora Resources reported USD25.0 million total portfolio contribution for the third quarter that ended September 30, multiplying from USD5.2 million a year earlier.
Driving this improvement was continued growth in the base metals portfolio contribution, said Ecora, and mining returning to its private royalty area at Kestrel.
Base metals portfolio contribution advanced 87% on-quarter to USD9.9 million from USD5.3 million. Compared to a year ago, it multiplied from USD2.5 million.
Within this, Voisey's Bay portfolio contribution more than doubled to USD6.0 million from USD2.7 million a quarter earlier. Ecora noted an average realised price of USD18.13 per pound, down from USD18.61 per pound in the second quarter.
Owing to the strong performance, Ecora raised full-year guidance for Voisey's Bay to between 434 tonnes and 448 tonnes of attributable cobalt, from between 365 tonnes and 390 tonnes guided previously.
Specialty metals and uranium portfolio generated USD1.9 million of portfolio contributions, up 19% from USD1.6 million a year prior.
Bulks & other portfolio generated USD13.2 million, multiplying from USD1.1 million the previous year.
Ecora added that net debt at September 30 was USD104 million, down 16% from USD124.6 million at June 30.
"Q3 was a record quarter in many respects. Our base metals portfolio maintained its strong momentum delivering its highest ever contribution of USD9.9 million, up 150% YTD compared to the same period in 2024, with record quarterly contributions from the Mantos Blancos copper royalty and Voisey's Bay cobalt stream. Following strong operational performance, we are upgrading our FY 2025 volume guidance for Voisey's Bay," said Chief Executive Marc Lafleche.
"This strong performance, combined with the sale of the Dugbe royalty and mining returning to our private royalty area at Kestrel, enabled us to accelerate our deleveraging."
By Christopher Ward, Alliance News reporter
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