Ecora Resources PLC Announces Half Year Results
Ecora Resources PLC Announces Half Year Results
LONDON, UNITED KINGDOM / ACCESSWIRE / September 4, 2024 / Ecora Resources PLC (LSE/TSX:ECOR) announces half year results for the six months ended 30 June 2024 which are available on both the Group's website at and on SEDAR at .
Ecora Resources PLC（LSE/TSX:ECOR）宣佈截至2024年6月30日的半年度業績，可在集團網站和SEADR上獲得。
Ecora is the leading royalty company focused on supporting the supply of industrial commodities essential to creating a sustainable future. The Group has a portfolio which combines volume growth in 2024 and 2025 from its currently producing royalty portfolio with an extensive pipeline of high-quality development projects that are expected to drive material medium term revenue growth.
Ecora是專注於支持創造可持續未來所需的工業大宗商品供應的領先版權公司。該集團的組合將2024年和2025年的產量增長與目前正在生產的版權組合結合在一起，以及大量的高質量開發項目的管道，預計將推動中期收入增長。
Marc Bishop Lafleche, Chief Executive Officer of Ecora, commented:
Ecora的首席執行官Marc Bishop Lafleche評論說：
"Our portfolio contribution in the first half of 2024 was up 15% year-on-year, driven by a strong performance from Kestrel. H2 portfolio contribution is expected to be principally weighted to the Group's other producing royalties including production volume growth at the Voisey's Bay and Mantos Blancos mines. Further production growth at Voisey's Bay is expected thereafter as underground operations ramp-up up to steady state production levels.
「我們在2024年上半年的投資組合貢獻同比增長15％，主要得益於Kestrel的出色表現。預計下半年的投資組合貢獻主要集中在集團的其他生產版權上，包括Voisey's Bay和Mantos Blancos礦山的產量增長。預計Voisey's Bay的產量在此後還將增長，因爲地下作業將逐步提高到穩定的生產水平。」
"Capstone Copper's updated Feasibility Study on the Santo Domingo project reiterated the project's robust economics and potential to operate within the lowest cost quartile of global copper mines. BHP's decision to temporarily suspend operations at its Australian Nickel division, in light of current nickel market weakness, including the construction of West Musgrave, was disappointing but we remain confident in the project's potential as a low-cost producer of nickel and copper.
「針對Santo Domingo項目的Capstone Copper最新可行性研究重申了該項目的健壯經濟性和潛力，可以在全球銅礦最低成本區間內運營。鑑於當前鎳市場疲軟，包括West Musgrave的建設，BHP決定暫時停止其澳大利亞鎳部門的運營，這令人失望，但我們仍對該項目作爲低成本鎳和銅生產商的潛力充滿信心。」
"We have seen a strong uptick in opportunities to further grow our portfolio, which we continue to evaluate applying our stated investment criteria and a capital allocation priority to maintain a strong balance sheet."
「我們看到了進一步擴大投資組合的良機，我們將繼續評估，並按照我們規定的投資標準和資本分配優先事項，以維持健康的資產負債表。」
Financial highlights:
財務要點：
Total portfolio contribution in H1 2024 of $51.3 million (H1 2023: $44.5 million) with royalty and metal stream related revenue in H1 2024 of $49.5 million (H1 2023: $42.7 million)
Adjusted earnings per share in H1 2024 of 10.38c (H1 2023: 9.06c)
Profit before tax in H1 2024 of $17.9 million (H1 2023: loss $10.2 million)
Net debt at 30 June 2024 of $86.0 million (31 December 2023: $74.6 million), representing leverage of 1.43x
The Group amended and extended its $150 million revolving credit facility, securing more favourable terms and providing greater flexibility
Half year dividend of 1.70 cents per share, equating to 33% of free cash flow, and towards the upper end of our stated 25-35% payout range, to be paid in January 2025
Proceeds of CA$11.1million ($8.1 million) from sale of shares in Labrador Iron Ore Royalty Corporation ("LIORC") implying a total return on investment of ~110% (inclusive of dividends), with proceeds deployed into the Group's share buyback program in Q2 2024
2024年上半年的總投資組合貢獻爲5130萬美元（2023年上半年：4450萬美元），其中2024年上半年的版權和金屬流相關收入爲4950萬美元（2023年上半年：4270萬美元）。
2024年上半年每股調整後收益爲10.38美分（2023年上半年：9.06美分）
2024年上半年稅前利潤爲1790萬美元（2023年上半年：虧損1020萬美元）
截至2024年6月30日的淨債務爲8600萬美元（2023年12月31日：7460萬美元），槓桿率爲1.43倍
集團修訂並延長了15000萬美元的循環信貸額度，獲得了更有利的條件並提供了更高的靈活性
每股1.70美分的半年股息，相當於自由現金流的33%，處於我們規定的25-35%分紅區間的上限，將於2025年1月支付
從拉布拉多鐵礦權益公司（「LIORC」）出售股票獲得的1110萬加元（810萬美元）的收益，表示對投資的總回報率約爲110%（包括股息），收益用於集團在2024年第二季度的股票回購計劃
Portfolio highlights:
投資組合亮點：
Strong performance from Kestrel steelmaking coal royalty delivering volumes from private royalty area in H1 at the top end of full year volume guidance; no material volumes expected in H2 2024
Four deliveries of cobalt were received in H1 under the Voisey's Bay stream (each delivery is 20 tonnes of which 70% is attributable to the Group). With the Voisey's Bay Mine Expansion Project construction phase nearing completion, production volumes are expected to ramp-up with between 8 and 12 cobalt lot deliveries expected in the second half of 2024
Year-on-year production volume growth expected in 2024 and through 2025 at operations underlying the Group's royalty portfolio
凱斯楚爾鍊鋼煤特許權在上半年從私人特許權區交付的成交量位於全年交付量指導上限之上；預計下半年2024年不會有大量成交量
上半年Voisey's Bay項目收到了四批鈷交付（每批20噸，其中70%歸屬於集團）。隨着Voisey's Bay礦山擴建項目的施工階段即將完成，預計產量將會增加，在2024年下半年預計會有8至12批鈷交付。
2024年和2025年，預計在支持集團權益組合的運營中將會有年度產量增長。
Post-period end events
後期事件
On 1 July the Group announced the acquisition of a 0.85% Gross Revenue Royalty over the Phalaborwa rare earths project located in South Africa, and operated by Rainbow Rare Earths Ltd ("Rainbow") for a cash consideration of $8.5 million
On 11 July, BHP announced that it will temporarily suspend the construction of the West Musgrave nickel-copper project in October 2024, with the decision to be reviewed by February 2027
On 31 July, Capstone Copper Corp. ("Capstone") published an updated Feasibility Study for the Santo Domingo project which reiterated its robust economics as a low-cost operation with expected cash costs of $0.33 per payable pound of copper over its 19 year mine-life
7月1日，集團宣佈以現金850萬美元的價格收購了位於南非由Rainbow Rare Earths Ltd（「Rainbow」）運營的Phalaborwa稀土項目的0.85%總收入稅（GRR）。
7月11日，BHP宣佈將於2024年10月暫時中止West Musgrave鎳銅項目的施工，並將於2027年2月進行審查決定。
7月31日，Capstone Copper Corp.（「Capstone」）發佈了Santo Domingo項目的更新可行性研究，重申其作爲低成本運營的強勁經濟性，預計每鎊可支付的銅現金成本爲0.33美元，礦山壽命爲19年。
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SOURCE: Ecora Resources PLC
消息來源：Ecora Resources PLC
譯文內容由第三人軟體翻譯。