(via NewsDirect)
In an interview with Proactive's Stephen Gunnion,
Despite this, strong metal pricing has continued to make cash flow from royalties a significant revenue source. For 2024 and 2025, volume growth is expected across various assets, including Kestrel, Voisey's Bay, and others, contributing to the company's growth.
Ecora also announced an updated capital allocation framework, including a change in dividend policy, emphasizing growth, balance sheet strength, cash dividends, and share buybacks. The share buyback program is seen as a strategic move to capitalize on the current discount to estimated net asset value, recycling capital effectively.
Development projects remain a significant part of Ecora's value proposition, with a shift from nearly all assets being income-producing in 2015 to a more diversified asset base today. The company expects de-risking events and operating updates to provide clarity on income generation from these assets in the near future.
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