Ecora Resources Plc (GB:ECOR) has released an update.
Ecora Resources PLC has reported a robust first quarter in 2024 with a significant 117% increase in portfolio contribution, driven by production ramping up within its private royalty area at Kestrel, contributing to a total of $19.5 million. Despite global economic challenges, the company maintains a positive outlook with expected year-on-year production growth in 2024 and 2025, backed by a strong pipeline of development projects. Ecora’s financial position remains solid with a net debt of $87 million, ensuring the flexibility to pursue further strategic growth opportunities.
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