Ecora Royalties Reports 150% Revenue Increase in Base Metals; Shares Rise 140% Over Past Year
Ecora Royalties PLC achieved a 150% increase in base metals revenue, reaching $28.5 million in 2025, driven by higher cobalt deliveries from Voisey's Bay and contributions from Mimbula and Mantos Blancos. Critical minerals now represent 63% of the portfolio, surpassing coal.
Total portfolio contribution was $57 million, down from $63.2 million in 2024, with coal revenue from Kestrel falling significantly. The company's shares have increased 27% year-to-date and 140% over the past year.
Ecora anticipates continued growth with projected cobalt contributions of 500 to 560 tonnes in 2026 and an expansion in copper production from Mimbula. The development pipeline includes several projects nearing key milestones, enhancing future revenue potential.
