Ecora Resources PLC (LSE:ECOR, TSX:ECOR, OTCQX:ECRAF) this week unveiled a significant new deal that promises to elevate its commodity diversification efforts to a new level.
It is acquiring an interest in a copper revenue stream in the Moxico Resources’ Mimbula copper mine in Zambia, which is set to undergo an expansion and ramp up in production
CEO Marc Bishop Lafleche joined the Proactive studio, and told us that the $50 million transaction aligns with Ecora’s strategy of focusing on royalties and streams over producing mines, contributing to immediate earnings and cash flow growth.
Lafleche says the deal “cements copper at the core of the portfolio.”
Here we take a closer look at what was discussed.
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Proactive: Marc, very good to speak with you. You’ve announced some acquisitions today in the copper space. Can you talk us through some of the highlights?
Marc Bishop Lafleche: Great to be here and great to be speaking…
