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Ecora Royalties sees base metals drive record 2025 profits, shifting from coal focus.

Market News
26 Mar 2026
Proactive Investors
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Bullish
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Ecora Royalties PLC reported a landmark 2025 with base metals like copper and cobalt generating half of its portfolio contribution, totaling $28.5 million, up 150% from 2024. This growth offsets a sharp decline in coal royalties from its Kestrel asset due to falling coal prices. Key drivers included increased production at Voisey's Bay cobalt mine in Canada and record returns from Mantos Blancos copper royalty in Chile. The company’s profit after tax rose to $22.2 million from a loss in 2024, supported by improved mine plans and asset acquisitions. Ecora expects continued base metals growth to balance ongoing declines in coal royalties, with several project milestones anticipated in the coming year.

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Company Fundamentals
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