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Ecora Resources PLC - London-based royalty company - Notes BHP Group Ltd’s suspension of operations and construction at its West Musgrave nickel project in Western Australia in which Ecora holds a 2% net smelter return royalty. Decision was made as miner BHP grapples with depressed prices due to a glut in the global nickel market. Operations to be suspended from October with a review planned for February 2027.
Further, Ecora notes asset Kestrel’s second quarter saleable volumes were ahead of expectations, resulting in $26.6 million in royalty income with $40.8 million generated in whole of first half. Ecora has not updated its full year volume guidance, however, as it expects minimal second half volumes.
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