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Ecora Resources cuts dividend in growth push

Buyback will balance out forecast drop in payout as royalties company shifts to cash-flow-based dividend
March 27, 2024
  • Earnings tumble as coal, cobalt and nickel prices slide
  • New dividend policy will see payout drop by half this year

Royalty companies make hay when the sun is not shining. Mining companies in need of cash will usually test debt and equity markets before selling off a portion of the revenue of a future mine, but both of these are proving prohibitively expensive. 

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