Ecora Resources PLC (LSE:ECOR, TSX:ECOR, OTCQX:ECRAF) is eyeing valuable new income, highlighting that Orion Resource Partners has agreed a deal with Capstone Copper to acquire a 25% interest in the Santo Domingo project and the Sierra Norte project for up to US$360 million.
Capstone said it is advancing remaining workstreams, and it expects a final investment decision on Santo Domingo in H2 2026.
Ecora retains a 2% net smelter return royalty over certain Santo Domingo tenements, which include the highest copper grade portion of the deposit and is identified to be mined first, according to an updated feasibility study last year.
Ecora said the royalty is expected to generate an average annual royalty entitlement of US$30-to-35million over the first seven years at planned production rates and spot commodity prices.