Ecora Resources PLC (LSE:ECOR, TSX:ECOR, OTCQX:ECRAF) CEO Marc Bishop Lafleche takes Proactive's Stephen Gunnion through the company’s first quarter trading update and outlook for the rest of 2025.
He described the start to the year as a “very solid” one, highlighting a portfolio contribution of $6 million, which notably excludes revenue from both Mimbula and Four Mile due to a reporting lag. Lafleche emphasised strong performance at Voisey’s Bay underground and the achievement of a second consecutive quarterly record at Mantos Blancos.
A major development during the period was the $50 million acquisition of Mimbula, which Lafleche said marks a strategic milestone. He reiterated that Voisey’s Bay is on track for 60% to 90% volume growth following underground expansion, with full-year guidance between 335 to 390 tonnes, skewed towards the second half.
Ecora is also seeing positive pricing momentum for cobalt, with April prices nearing $19 per pound**, up from $13 in Q1, following a DRC export ban.
Looking ahead to Q2, the company expects the initial revenues from the dollar stream and normalisation of royalty income from Four Mile. Lafleche also noted the anticipated return of mining within the royalty area at Kestrel, leading to stronger volumes into Q3.
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