AGPIF - Ecora Resources optimistic about a strong finish to 2023 as transition continues
(NewsDirect)
Ecora Resources PLC chief financialofficer Kevin Flynn joins Proactive's Stephen Gunnion withinsights on the company's third-quarter trading update.
Flynn highlighted that the 3Q performancewas in line with expectations, suggesting it could be the lowest pointdue to a transition from the Kestrel operations in Australia towardsramping up other assets.
However, heremained optimistic about a strong finish to the year, anticipatingmore volumes from Kestrel in the first quarter of next year. Flynnalso discussed ongoing development projects that are poised to fuelfuture growth. Significant focus was placed on the Voise's Bayramp-up and the positive developments at West Musgrave in connectionwith BHP's operation of the activity there.
He emphasized that while catalysts willtake time, Ecora is optimistic about future prospects, especially withthe prospect of near-term cash flow. Furthermore, Flynn touched upon arecent $20 million deployment for the Vizcachitas copper royalty,stating that despite subdued markets, opportunities abound. Withliquidity on their balance sheet, Ecora eyes assets nearing productionand those requiring final capex.
Flynn reaffirmed thecompany's commitment to discipline, focusing on projects withsubstantial potential for long-term earnings growth.
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