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home / news releases / AGPIF - Ecora Resources reports strong Q1 as it benefits from volume growth and rising commodity prices


AGPIF - Ecora Resources reports strong Q1 as it benefits from volume growth and rising commodity prices

(NewsDirect)

Ecora Resources PLC (LSE:ECOR, TSX:ECOR,OTCQX:ECRAF) chief financial officer Kevin Flynn provides an update onthe company's performance for the first quarter of 2024,highlighting strong results in line with expectations.

In an interview with Proactive'sStephen Gunnion, Flynn noted significant volume growth, particularlyfrom the Kestrel operations, expected primarily in the first half ofthe year. Commodity prices, especially for copper, have remainedrobust, contributing positively to the quarter's performance.

Looking ahead, Flynn emphasised thepotential for both organic growth and strategic acquisitions. Keyprojects like Voisey’s Bay and Mantos Blancos are expected to rampup, with the latter seeing a debottlenecking initiative anticipated todrive further volume growth in the latter half of the year. Thefeasibility study for the Santo Domingo project is on track forcompletion in H1, and updates from BHP’s West Musgrave project areexpected by August.

Flynn also highlighted the company’ssignificant copper asset portfolio, boosted by recent acquisitionslike the $20 million Vizcachitas project, positioning Ecora forlong-term growth in the copper sector. Finally, he discussed theincreasing engagement with the royalty model as an alternativefinancing solution in the mining industry, given the current scarcityof capital from traditional sources.

ContactDetails

Proactive UK Ltd

+44 20 7989 0813

uk@proactiveinvestors.com

Copyright (c) 2024 TheNewswire - All rights reserved.

Stock Information

Company Name: Anglo Pacific Res Plc Ord
Stock Symbol: AGPIF
Market: OTC
Website: anglopacificgroup.com

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