Half Year 2023 Ecora Resources PLC Earnings Call Transcript
Good morning, everyone, and thank you for joining us today to discuss Ecora Resources' results for the first half of 2023. Our portfolio delivered in line with expectations during the period, with the real story being that we have now firmly entered the beginning of a long expected multiyear transition in the commodities and royalty assets underlying our revenue mix.
During this period, you will see a runoff in the Kestrel steelmaking coal royalty, and in parallel, an increase in the percentage of income from our basket of future-facing commodity royalties, eventually reaching close to 100%. We are pleased with the continued progress towards first production across our near-term development stage royalty book, with BHP, for example, reporting that the construction of the West Musgrave's project, over which Ecora has a 2% NSR royalty, remains on track for first production as early as the second half of 2025.
The transition from open pit to underground mining operations at Voisey's Bay continues and appears on track
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
