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Ecora Resources CEO on record Q3 performance as base metals shine

Ecora Resources CEO on record Q3 performance as base metals shine

Update: 2025-10-29
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Ecora Resources PLC (LSE:ECOR, TSX:ECOR, OTCQX:ECRAF) CEO Marc Bishop Lafleche talked with Proactive's Stephen Gunnion about the company’s record third-quarter performance and updated full-year guidance.

The update revealed a 112% increase in portfolio contribution compared to Q2 2025, driven largely by base metals royalties. Lafleche highlighted that “mining at Kestrel returned to our royalty area,” contributing to a total portfolio contribution of £9.9 million, a 150% year-on-year increase for the first nine months of 2025.

Voisey’s Bay emerged as a key contributor, achieving record cobalt entitlement and revenue, prompting Ecora to raise its full-year guidance from 365–390 tonnes to 434–448 tonnes. The company also expects more than 500 tonnes in 2026, supported by cobalt prices climbing from $14 to $24.50 per pound.

Ecora also reported strong contributions from its copper assets, including Mantos Blancos and Mimbula, both achieving record results. Development-stage milestones were achieved at Santo Domingo, where a JV with Orion Resource Partners marked a significant de-risking event.

Net debt has been reduced by over 30% since the Mimbula acquisition in Q1 2025. Lafleche said, “It really demonstrates the cash generation potential that exists within Ecora.”

Looking ahead, the company expects continued volume growth and further de-risking milestones in 2026, with exposure to rising copper, cobalt, and uranium prices.

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#EcoraResources #BaseMetals #CobaltPrices #VoiseysBay #CopperMining #RoyaltyPortfolio #MiningInvesting #Q3Results #Mimbula #SantoDomingo #MiningRoyalties #NaturalResources #MetalsMarket #InvestorUpdate
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Ecora Resources CEO on record Q3 performance as base metals shine

Ecora Resources CEO on record Q3 performance as base metals shine

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