Ecora Royalties Reports 150% Revenue Increase in Base Metals; Shares Rise 140% Over Past Year
Ecora Royalties PLC's base metals portfolio revenue surged to $28.5 million in 2025, a 150% increase from 2024. Critical minerals now account for 63% of the company's portfolio contribution, surpassing steelmaking coal for the first time. Ecora's shares rose 27% year-to-date and nearly 140% over the last year. The company's total portfolio contribution was $57 million, despite a decline in coal revenue. Ecora is positioned for further growth with expected increases in production from Voisey's Bay and Mimbula in 2026.
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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.
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