AGPIF - Ecora Resources confident in future growth after releasing interims
(NewsDirect)
Ecora Resources PLC (LSE:ECOR, TSX:ECOR)chief financial officer Kevin Flynn speaks to Thomas Warner fromProactive after the mining royalty company released its interimresults for the first half of 2023.
Flynn describes a solid start to the year, emphasising strongcash flow generation and ongoing pursuit of their strategic goals,including the recent addition of a $20 million Vizcachitas copperroyalty to their portfolio. Flynn acknowledges that high commodityprices during 2022 has hit Ecora's relative performance during2023 so far, but emphasises that this was expected as they transitionaway from certain assets and towards new opportunities, like theVoisey's Bay ramp-up and the West Musgrave timeline commitment byBHP.
Looking ahead, Flynn believes that Ecora iswell-capitalised and poised for growth, with a strong balance sheetand a favourable environment for acquisitions. He expresses confidencein its ability to continue organic and acquisition-based expansion,saying that its performance fully aligns with its ownexpectations.
Contact Details
Proactive UKLtd
+44 20 7989 0813
Copyright (c) 2023 TheNewswire - All rights reserved.